Top 5 Stocks to Invest in Industrial Machinery

The industrial machinery industry is one of the most capital-intensive industries in the world. Setting up a company to manufacture these machines is no easy task, often requiring years of experience and large amounts of capital, which until recently was only available to large nation states such as the United States and the Soviet Union.

These companies often trace their roots to the U.S. industrial boom during World War II, and over time evolved into private enterprises. At the same time, high barriers to entry not only mean that the top industrial machinery stocks are among the most advanced companies in the world, but also because these companies benefit from economies of scale, it also means that competition is difficult.

look at the top 10 stocks to invest in industrial machinery.

5. Emerson Electric Co. (NYSE:EMR)

Number of Hedge Fund Investors in Q4 2023: 50

Emerson Electric Co. (NYSE:EMR) is a leading manufacturer of valves, actuators, pressure gauges, and other We manufacture and sell related products. Like several other industrial stocks on our list, the stock price is current year-to-date. It soared in February 2024 after the company’s latest financial results showed annual revenue growth of 22% and growth of 56Rnings.

As of Q4 2023, 50 of the 933 hedge funds tracked in Insider Monkey’s database were shareholders in Emerson Electric Company (NYSE:EMR). Phil Gross and Robert Atchinson’s Adage Capital Management held the largest stake, valued at $342 million.

4. Deere & Company (NYSE:DE)

Number of hedge fund investors in Q4 2023: 54

Deere & Company (NYSE:DE) is a well-known American construction and agricultural machinery manufacturer. On the financial front, the company has performed well recently, beating analyst EPS estimates in each of the last four quarters.

At the end of last year’s fourth quarter, 54 of the 933 hedge funds profiled by Insider Monkey were stakeholders in the company. The Deere & Company (NYSE:DE) hedge fund’s largest shareholder is Michael Larson’s Bill & Melinda Gates Foundation Trust, with $1.4 billion in investments.

3. Parker-Hannifin Corporation (NYSE:PH)

Number of hedge fund investors in Q4 2023: 63
Parker-Hannifin Corporation (NYSE:PH) is a leading manufacturer of fuel systems, hydraulic systems and other related We are a company specializing in industrial machinery that sells equipment. Products used in aircraft. As the first quarter of 2024 draws to a close, the company is seeing some positive stock buybacks. One such acquisition was by Raymond James, who increased the company’s stake to his $87 million.

As of December 31, 2023, 63 of the 933 hedge funds tracked by Insider Monkey had purchased Parker Hannifin Corporation (NYSE:PH) stock. Rick Dillon’s Diamond Hill Capital was the largest investor with a $450 million stake.

2. Eaton Corporation plc (NYSE:ETN)

Number of hedge fund investors in Q4 2023: 63

Eaton Corporation plc (NYSE:ETN) manufactures and sells a variety of industrial machinery and products. A company based in Ireland. pumps, engines, aircraft doors, etc. Investors were waiting for big news in February 2024 when Eaton Corporation plc (NYSE: ETN) increased its dividend by 9% to 94 cents.

Insider Monkey searched the portfolio holdings of 933 hedge funds in the last quarter of 2023 and found that 63 had acquired shares in the company. Eaton Corporation PLC’s (NYSE:ETN) largest shareholder is Philip Laffont’s Coatue Management, with an investment of $960 million.

1. General Electric Company (NYSE:GE)

Number of Hedge Fund Investors in Q4 2023: 92

General Electric Company (NYSE:GE) An American industrial machinery company that sells equipment. Device. The company is planning a historic three-company spinoff in April 2024, creating three companies focused on aerospace, healthcare, and energy.