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7 conglomerate stocks to watch

Ready to invest in the multinational business industry? Learn how to invest in conglomerate stocks in just a few steps.

The best conglomerate stocks depend on your portfolio and investment goals—while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

7 popular conglomerate stocks to watch

We round up a selection of stocks in or related to the multinational business industry, weighting the list more heavily towards popular mid- and large-cap stocks.

  1. Berkshire Hathaway (BRK-B)
  2. Honeywell International (HON)
  3. 3M Company (MMM)
  4. Seaboard Corporation (SEB)
  5. India Globalization Capital (IGC)
  6. GE Aerospace (GE)
  7. Siemens AG ADR (SIEGY)

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The conglomerate stocks industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering conglomerate stocks to buy, it's important that you have access to vital information about a company's financial health, leadership team, and market positioning.

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How to invest in conglomerate stocks

  1. Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps in Canada.
  2. Sign up for an account. Provide your personal information and sign up.
  3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
  4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like BRK-B or HON.
  5. Place your order. Buy the stock. It's that simple.

Learn more about popular conglomerate stocks

We round up a selection of stocks in or related to the multinational business industry, weighting the list more heavily towards popular mid- and large-cap US stocks.

1. Berkshire Hathaway (BRK-B)

Berkshire Hathaway Inc. , through its subsidiaries, engages in the insurance, freight rail transportation, and utility businesses worldwide. The company provides property, casualty, life, accident, and health insurance and reinsurance; and operates railroad systems in North America.

  • Previous close price: $413.00
  • Market capitalization: $893,400,907,776
  • 1 year performance: 25.24%
  • P/E ratio: 12.1792
Buy BRK-B stock on Interactive Brokers

2. Honeywell International (HON)

Honeywell International Inc. engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.

  • Previous close price: $204.62
  • Market capitalization: $134,124,781,568
  • 1 year performance: 2.65%
  • P/E ratio: 23.8667
Buy HON stock on Interactive Brokers

3. 3M Company (MMM)

3M Company provides diversified technology services in the United States and internationally. The company's Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles. Its Transportation and Electronics segment provides ceramic solutions; attachment/bonding products, films, sound, and temperature management for transportation vehicles; premium large format graphic films for advertising and fleet signage; light management films and electronics assembly solutions; packaging and interconnection solutions; semiconductor production materials; data centers solutions; and reflective signage for highway, and vehicle safety.

  • Previous close price: $105.21
  • Market capitalization: $56,022,269,952
  • 1 year performance: 3.51%
Buy MMM stock on Interactive Brokers

4. Seaboard Corporation (SEB)

Seaboard Corporation, together with its subsidiaries, operates as an agricultural and ocean transportation company worldwide. It operates through six segments: Pork, Commodity Trading and Milling (CT&M), Marine, Sugar and Alcohol, Power, and Turkey. The Pork segment produces and sells pork products to further processors, food service operators, grocery stores, and distributors; hogs; and biodiesel.

  • Previous close price: $3,374.62
  • Market capitalization: $3,273,630,208
  • 1 year performance: -10.14%
  • P/E ratio: 14.1244
Buy SEB stock on Interactive Brokers

5. India Globalization Capital (IGC)

IGC Pharma, Inc. , a clinical stage biotechnology company, engages in developing cannabinoid-based formulations for treating diseases and conditions, including Alzheimer's disease, dysmenorrhea, premenstrual syndrome, and chronic pain. The company has two investigational drug assets targeting Alzheimer's disease comprising IGC-AD1, which is in a Phase 2B clinical trial as a treatment for agitation in dementia due to Alzheimer's; and TGR-63 that is in pre-clinical development.

  • Previous close price: $0.54
  • Market capitalization: $38,283,792
  • 1 year performance: 57.77%
Buy IGC stock on Interactive Brokers

6. GE Aerospace (GE)

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.

  • Previous close price: $159.28
  • Market capitalization: $178,935,906,304
  • 1 year performance: 94.09%
  • P/E ratio: 43.1319
Buy GE stock on Interactive Brokers

7. Siemens AG ADR (SIEGY)

Siemens Aktiengesellschaft, a technology company, focuses in the areas of automation and digitalization in Europe, Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia. It operates through Digital Industries, Smart Infrastructure, Mobility, Siemens Healthineers, and Siemens Financial Services (SFS) segments. The Digital Industries segment provides automation systems and software for factories, numerical control systems, servo motors, drives and inverters, and integrated automation systems for machine tools and production machines; process control systems, machine-to-machine communication products, sensors and radio frequency identification systems; software for production and product lifecycle management, and simulation and testing of mechatronic systems; and the Mendix cloud-native low-code application development platform.

  • Previous close price: $94.00
  • Market capitalization: $148,410,171,392
  • 1 year performance: 12.80%
  • P/E ratio: 19.1714
Buy SIEGY stock on Interactive Brokers

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Compare special offers, low fees and a wide range of investment options among top trading platforms.

Note: The dollar amounts in the table below are in Canadian dollars.

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Bottom line

While it's possible to turn a profit investing in conglomerate stocks, keep in mind that—like any investment—conglomerate stocks are not immune to risk. These stocks are subject to fluctuating conditions both in the market and in the multinational business industry, so carefully vet your picks before you invest. If you're new to investing or if it's been a while since you've taken a critical look at your investment accounts, compare brokers to make sure you're getting the best trading features for your needs.
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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