10 Best Industrial Machinery Stocks to Buy According to Analysts

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8. Emerson Electric Co. (NYSE:EMR)

Analyst Upside: 1.62%

Number of Hedge Fund Holders: 39

Emerson Electric Co. (NYSE:EMR) is one of the best industrial machinery stocks to buy according to analysts. KeyBanc maintained its Overweight rating on Emerson Electric Co. (NYSE:EMR) and raised its price target from $150 to $155 on July 1.

The update follows KeyBanc’s meeting with Mike Baughman, CFO of Emerson Electric Co. (NYSE:EMR), and the Investor Relations team at the company’s new Clayton, Missouri, corporate headquarters. Emerson Electric Co. (NYSE:EMR), having become a pure-play industrial automation behemoth, is seen by KeyBanc as “an underappreciated story” with robust growth prospects and improved profitability.

Following Emerson’s announcement of Project Beyond, KeyBanc was better able to understand the company’s long-term software plan. Emerson’s final transition from a one-third software mix to a two-thirds one is expected to take a decade, the firm stated.

Emerson Electric Co. (NYSE:EMR) is an American manufacturing company that provides products and services for consumer, business, and industrial markets. By purchasing well-known brand names, the company has expanded to become a significant player in industrial automation.

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