5 Best Electrical Equipment Stocks to Buy Now

4. Emerson Electric Co. (NYSE:EMR)

Number of Hedge Fund Holders: 47

Emerson Electric Co. (NYSE:EMR) shares have gained about 12% over the past one year. As of the end of the first quarter of 2023, 47 hedge funds tracked by Insider Monkey had stakes in Emerson Electric Co. (NYSE:EMR). The biggest stakeholder of Emerson Electric Co. (NYSE:EMR) was Ken Griffin’s Citadel Investment Group which owns a $371 million stake in the company.

HSBC Securities upgraded Emerson Electric Co. (NYSE:EMR) in June to Buy from Hold. Here’s what HSBC’s Puneet Garg said:

“We like the newly transformed Emerson (EMR) for its higher organic growth and improved margin potential with higher share of industrial software business (circa 14% versus circa 6% prior to transformation), discrete industries (circa 18% versus circa 9% earlier) and exit from the historically lower-organic-growth climate technologies business. It should also benefit from revenue and cost synergies from recent acquisitions given the cohesive nature of the overall portfolio.”