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Considering investing in machinery stocks? While the best machinery stocks depend on your portfolio and investment goals, we've identified some machinery stocks that are worth keeping an eye on in the heavy equipment sector. Keep reading to learn more about machinery stocks and how to start investing.
11 popular machinery stocks to watch
We round up a selection of stocks in or related to the heavy equipment industry, weighting the list more heavily towards popular mid- and large-cap stocks.
| Best stock | 1-year return | Market cap | Exchange | Volume | Buy now on CIBC Investor's Edge |
|---|---|---|---|---|---|
| Caterpillar (CAT.US) | 48.04% | $263.8 billion | NYSE | 2,639,798 | Buy now |
| Dover Corporation (DOV.US) | -9.99% | $24.7 billion | NYSE | 1,244,515 | Buy now |
| Flowserve Corporation (FLS.US) | 16.78% | $8.8 billion | NYSE | 1,216,768 | Buy now |
| Cummins (CMI.US) | 30.89% | $65.3 billion | NYSE | 736,822 | Buy now |
| Illinois Tool Works (ITW.US) | -10.09% | $71.2 billion | NYSE | 695,170 | Buy now |
| Ingersoll Rand (IR.US) | -25.52% | $30.6 billion | NYSE | 2,856,987 | Buy now |
| Graco (GGG.US) | -6.76% | $13.5 billion | NYSE | 1,190,035 | Buy now |
| Xylem (XYL.US) | 22.29% | $36.8 billion | NYSE | 1,020,800 | Buy now |
| ITT (ITT.US) | 24.04% | $14.9 billion | NYSE | 243,900 | Buy now |
| Deere-and-Company (DE.US) | 23.45% | $126.5 billion | NYSE | 1,068,247 | Buy now |
| Kulicke and Soffa Industries (KLIC.US) | -17.11% | $2 billion | NASDAQ | 303,909 | Buy now |
What to look for when investing in machinery stock
The heavy equipment industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering machinery stocks to buy, it's important that you have access to vital information about a company's financial health, leadership team, and market positioning.
Also keep in mind that, while volatility can be ideal for day traders, long-term investors will want to look for stocks to offer steadier gains over time.
How to invest in machinery stock
- Research the heavy equipment industry. Before investing, learn about the machinery stock sector, its trends and the companies within it. Look at each company's financial health, potential for growth and past performance to identify stocks that fit your investment goals.
- Choose a stock trading platform. Compare trading fees, access to trading tools and user interface options. We've identified reliable trading platforms to help narrow down your options below or check out the best stock trading apps in Canada to find one that suits your needs.
- Open and fund your account. Sign up with your personal details and link a bank account or funding method to deposit money before you start trading.
- Select the machinery stock(s) to buy. Search by company name or ticker symbol, like CAT or DOV. Compare key metrics such as market cap, price history and earnings per share to pick the best stock for your strategy.
- Buy the stock and monitor performance. Place your order to buy the stock and track its performance over time. Consider setting alerts, signing up for industry newsletters or using platform research tools to stay up to date on market changes.
Our top picks for where to buy machinery stocks
Low margin rates
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CA & US trading
- 6% cash rebate plus $4,600 in trading perks
- Low transaction fees
- Easy-to-use app
Are machinery stocks a good investment?
While it's possible to turn a profit investing in machinery stocks, keep in mind that—like any investment—machinery stocks are not immune to risk. These stocks are subject to fluctuating conditions both in the market and in the heavy equipment industry, so carefully vet your picks before you invest.What are the best machinery stocks?
A lot of factors go into picking the best machinery stocks. Stock performance can be impacted by factors like market conditions, company decisions and global events. Plus, what may be a strong machinery stock investment for one person might not be suitable for another.
That said, we rounded up this list of popular machinery stocks in or related to the heavy equipment industry to help narrow down your options:
- Caterpillar
- Dover Corporation
- Flowserve Corporation
- Cummins
- Illinois Tool Works
- Ingersoll Rand
- Graco
- Xylem
- ITT
- Deere-and-Company
- Kulicke and Soffa Industries
Keep in mind that this is not a "best" list or a recommendation. It highlights some machinery stocks for informational purposes only and does not indicate past or future performance or investment advice. We do not guarantee any investment performance.
We've outlined detailed company and stock performance details for each machinery stock below. Keep reading to decide if any of these companies are the right investment for you.
Caterpillar (CAT)
Caterpillar Inc. manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in the United States and internationally. Its Construction Industries segment offers asphalt pavers, cold planers, compactors, forestry machines, material handlers, motor graders, pipelayers, road reclaimers, telehandlers, track-type tractors, and track and wheel excavators; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.
| Closing stock price | $573.02 |
|---|---|
| Market Capitalization | $263.8 billion |
| Gross profit (TTM) | $19.5 billion |
| Profit margin | 14.34% |
| Revenue (TTM) | $64.7 billion |
| Earnings per share (TTM) | $19.48 |
| 52-week stock price range | $264.25 – $596.21 |
Dover Corporation (DOV)
Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market. This segment offers software solutions and services used in light and heavy-duty vehicle lifts, wheel service equipment, vehicle diagnostics, and vehicle collision repair solutions; winches, hoists, bearings, drives, and electric monitoring system; and radio frequency and microwave filters and switches, and signal intelligence solutions, as well as soldering and fluid dispensing solutions.
| Closing stock price | $183.62 |
|---|---|
| Market Capitalization | $24.7 billion |
| Gross profit (TTM) | $3.2 billion |
| Profit margin | 28.37% |
| Revenue (TTM) | $7.9 billion |
| Earnings per share (TTM) | $7.68 |
| 52-week stock price range | $142.22 – $220.45 |
Flowserve Corporation (FLS)
Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, Canada, Mexico, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, Flowserve Pump Division (FPD) and Flow Control Division (FCD). The company offers custom engineered pumps, pre-configured industrial pumps, pump systems, mechanical seals, auxiliary systems, replacement parts, and related aftermarket services; and manufactures gas-lubricated mechanical seal for gas pipelines and in the oil and gas production and process markets.
| Closing stock price | $69.95 |
|---|---|
| Market Capitalization | $8.8 billion |
| Gross profit (TTM) | $1.6 billion |
| Profit margin | 9.66% |
| Revenue (TTM) | $4.7 billion |
| Earnings per share (TTM) | $3.44 |
| 52-week stock price range | $37.04 – $72.09 |
Cummins (CMI)
Cummins Inc. offers various power solutions worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and Accelera.
| Closing stock price | $479.49 |
|---|---|
| Market Capitalization | $65.3 billion |
| Gross profit (TTM) | $8.8 billion |
| Profit margin | 8.72% |
| Revenue (TTM) | $33.7 billion |
| Earnings per share (TTM) | $19.30 |
| 52-week stock price range | $257.24 – $482.53 |
Illinois Tool Works (ITW)
Illinois Tool Works Inc. provides industrial products and equipment in North America, Europe, the Middle East, Africa, the Asia Pacific, and South America. It operates through Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products segments.
| Closing stock price | $245.43 |
|---|---|
| Market Capitalization | $71.2 billion |
| Gross profit (TTM) | $7 billion |
| Profit margin | 19.05% |
| Revenue (TTM) | $15.9 billion |
| Earnings per share (TTM) | $10.31 |
| 52-week stock price range | $212.05 – $273.07 |
Ingersoll Rand (IR)
Ingersoll Rand Inc. provides various mission-critical air, fluid, energy, and medical technologies services and solutions worldwide. It operates in two segments, Industrial Technologies and Services, and Precision and Science Technologies.
| Closing stock price | $77.71 |
|---|---|
| Market Capitalization | $30.6 billion |
| Gross profit (TTM) | $3.3 billion |
| Profit margin | 7.31% |
| Revenue (TTM) | $7.5 billion |
| Earnings per share (TTM) | $1.35 |
| 52-week stock price range | $65.58 – $105.95 |
Graco (GGG)
Graco Inc. designs, manufactures, and markets systems and equipment used to move, measure, mix, control, dispense, and spray fluid and powder materials in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The Contractor segment provides sprayers to apply paint to walls and other structures; two-component proportioning systems to spray polyurethane foam and polyurea coatings; viscous coatings to roofs, markings on roads, parking lots, athletic fields, and floors; and high-performance volumetric and gravimetric dispense, mixing, and shaking equipment.
| Closing stock price | $82.53 |
|---|---|
| Market Capitalization | $13.5 billion |
| Gross profit (TTM) | $1.1 billion |
| Profit margin | 22.72% |
| Revenue (TTM) | $2.2 billion |
| Earnings per share (TTM) | $2.93 |
| 52-week stock price range | $71.34 – $91.64 |
Xylem (XYL)
Xylem Inc. , together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions for utility, industrial, and residential and commercial building services settings worldwide. It operates through four segments: Water Infrastructure; Applied Water; Measurement and Control Solutions; and Water Solutions and Services.
| Closing stock price | $151.31 |
|---|---|
| Market Capitalization | $36.8 billion |
| Gross profit (TTM) | $3.4 billion |
| Profit margin | 10.66% |
| Revenue (TTM) | $8.9 billion |
| Earnings per share (TTM) | $3.87 |
| 52-week stock price range | $99.88 – $154.27 |
ITT (ITT)
ITT Inc. , together with its subsidiaries, manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets. The Motion Technologies segment manufactures brake pads, shock absorbers, energy absorption components, and damping technologies primarily for the transportation industry, including passenger cars, trucks, light and heavy-duty commercial and military vehicles, buses, and trains.
| Closing stock price | $190.52 |
|---|---|
| Market Capitalization | $14.9 billion |
| Gross profit (TTM) | $1.3 billion |
| Profit margin | 12.63% |
| Revenue (TTM) | $3.8 billion |
| Earnings per share (TTM) | $5.98 |
| 52-week stock price range | $105.17 – $197.07 |
Deere-and-Company (DE)
Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and mid-size tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, soil preparation, tillage, seeding, and crop care equipment, as well as application equipment, including sprayers and nutrient management, soil preparation machinery for grain growers, and related attachments and service parts.
| Closing stock price | $480.78 |
|---|---|
| Market Capitalization | $126.5 billion |
| Gross profit (TTM) | $12.1 billion |
| Profit margin | 11.77% |
| Revenue (TTM) | $44.3 billion |
| Earnings per share (TTM) | $19.13 |
| 52-week stock price range | $381.67 – $530.24 |
Kulicke and Soffa Industries (KLIC)
Kulicke and Soffa Industries, Inc. engages in the design, manufacture, and sale of capital equipment and tools used to assemble semiconductor devices. It operates through four segments: Ball Bonding Equipment, Wedge Bonding Equipment, Advanced Solutions, and Aftermarket Products and Services (APS).
| Closing stock price | $39.00 |
|---|---|
| Market Capitalization | $2 billion |
| Gross profit (TTM) | $386.5 million |
| Profit margin | 0.90% |
| Revenue (TTM) | $657.8 million |
| Earnings per share (TTM) | $0.09 |
| 52-week stock price range | $26.34 – $51.01 |
Compare trading platforms to buy machinery stock
Compare special offers, low fees and a wide range of investment options among popular trading platforms in Canada. Note that the dollar amounts in the table below are in CAD.
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Finder Score for stock trading platforms
To make comparing even easier we came up with the Finder Score. Trading costs, account fees and features across 10+ stock trading platforms and apps are all weighted and scaled to produce a score out of 10. The higher the score, the better the platform—it's that simple.
Bottom line
If you're considering adding machinery stocks to your portfolio, make sure you thoroughly look into any companies before investing to help mitigate risk. We've compiled a list of machinery stocks to help narrow down your options. Then choose a legitimate stock trading platform to start investing. After that it comes down to monitoring the heavy equipment industry to know when to buy, sell or hold.
Related: How to buy stocks in Canada
Frequently asked questions about machinery stocks
Sources
Check these other commodities and investment sectors
If you're thinking about diversifying your portfolio and investing in sectors beyond machinery stocks, here are some others you can consider:
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C
G
H
S
Important information: Powered by Finder.com. This information is general in nature and is no substitute for professional advice. It does not take into account your personal situation. This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, 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 most investors. You do not own or have any interest in the underlying asset. Capital is at risk, including the risk of losing more than the amount originally put in, market volatility and liquidity risks. Past performance is no guarantee of future results. Tax on profits may apply. Consider the Product Disclosure Statement and Target Market Determination for the product on the provider's website. Consider your own circumstances, including whether you can afford to take the high risk of losing your money and possess the relevant experience and knowledge. We recommend that you obtain independent advice from a suitably licensed financial advisor before making any trades.
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