5 Best Stocks to Buy With 50+ Years of Dividend Increases

3. Emerson Electric Co. (NYSE:EMR)

Number of Hedge Fund Holders: 45
Number of Years of Consistent Dividend Growth: 64
Dividend Yield: 2.1%

Emerson Electric Co. (NYSE: EMR) is a US-based multinational corporation working to provide products and engineering services for industrial, commercial, and consumer markets. The company ranks 3rd on our list of the best stocks to buy with 50+ years of dividend increases.

This July, Deutsche Bank raised its price target on Emerson Electric Co. (NYSE: EMR) from $103 to $111. Barclays also raised its price target on the company’s shares this April to $84, with an Equal Weight rating on the stock.

In the fiscal second quarter of 2021, Emerson Electric Co. (NYSE: EMR) had an EPS of $0.97, beating estimates by $0.07. The company’s revenue was $4.43 billion, up 6.46% year over year and beating estimates by $74.53 million. Emerson Electric Co. (NYSE: EMR) has also gained 17.35% in the past 6 months and 25.37% year to date.

By the end of the first quarter of 2021, 45 hedge funds out of the 866 tracked by Insider Monkey held stakes in Emerson Electric Co. (NYSE: EMR) worth roughly $796 million. This is compared to 46 hedge funds in the previous quarter with a total stake value of about $1.04 billion.