5 Best Automation Stocks To Buy Now

4. Emerson Electric Co. (NYSE:EMR)

Number of Hedge Fund Holders: 53  

Emerson Electric Co. (NYSE:EMR) is a technology and engineering company that provides various solutions for customers in industrial, commercial, and residential markets. On November 10, Stephens analyst Tommy Moll maintained an Overweight rating on Emerson Electric Co. (NYSE:EMR) stock and lowered the price target to $105 from $120, noting the updated target reflected models for fourth quarter results. 

At the end of the third quarter of 2023, 53 hedge funds in the database of Insider Monkey held stakes worth $1.6 billion in Emerson Electric Co. (NYSE:EMR), compared to 49 in the preceding quarter worth $1.7 billion.