5 American Manufacturing Stocks to Buy Now

2. Emerson Electric Co. (NYSE:EMR)

Number of Hedge Fund Holders: 47 

Emerson Electric Co. (NYSE:EMR) provides various solutions for customers in the industrial, commercial, and residential markets. It is one of the top American manufacturing stocks to buy now. The company has an impressive dividend profile. It has consistently paid a dividend to shareholders for the past twenty-five years. These payouts have also registered consistent growth in these two decades. On August 2, the firm declared a quarterly dividend of $0.515 per share, in line with previous. 

On August 16, Argus analyst John Eade maintained a Buy rating on Emerson Electric Co. (NYSE:EMR) stock and raised the price target to $98 from $95, appreciating the earnings beat and strong balance sheet of the firm. 

Among the hedge funds being tracked by Insider Monkey, Washington-based firm Citadel Investment Group is a leading shareholder in Emerson Electric Co. (NYSE:EMR), with 9.2 million shares worth more than $233 million.