11 machinery stocks to watch

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)	(data unavailable)	$266.1 billion (USD)	NYSE	(data unavailable)	Buy now
Dover Corporation (DOV.US)	(data unavailable)	$25.4 billion (USD)	NYSE	(data unavailable)	Buy now
Flowserve Corporation (FLS.US)	(data unavailable)	$9.2 billion (USD)	NYSE	(data unavailable)	Buy now
Cummins (CMI.US)	(data unavailable)	$68.7 billion (USD)	NYSE	(data unavailable)	Buy now
Illinois Tool Works (ITW.US)	(data unavailable)	$72.7 billion (USD)	NYSE	(data unavailable)	Buy now
Ingersoll Rand (IR.US)	(data unavailable)	$31.7 billion (USD)	NYSE	(data unavailable)	Buy now
Graco (GGG.US)	(data unavailable)	$13.7 billion (USD)	NYSE	(data unavailable)	Buy now
Xylem (XYL.US)	(data unavailable)	$34.2 billion (USD)	NYSE	(data unavailable)	Buy now
N/A (ITT.US)	(data unavailable)	(data unavailable)	N/A	(data unavailable)	Buy now
Deere-and-Company (DE.US)	(data unavailable)	$125.6 billion (USD)	NYSE	(data unavailable)	Buy now
Kulicke and Soffa Industries (KLIC.US)	(data unavailable)	$2.4 billion (USD)	NASDAQ	(data unavailable)	Buy now

The values in this table are accurate as of the market close on December 3, 2025, or the most recent data available. Volume refers to the number of shares traded during the day.

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

1. 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.
2. 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.
3. 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.
4. 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.
5. 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

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 (CAT)
• Dover Corporation (DOV)
• Flowserve Corporation (FLS)
• Cummins (CMI)
• Illinois Tool Works (ITW)
• Ingersoll Rand (IR)
• Graco (GGG)
• Xylem (XYL)
• N/A (N/A)
• Deere-and-Company (DE)
• Kulicke and Soffa Industries (KLIC)

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.

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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.

Market Capitalization The total market value of Caterpillar's outstanding shares	$266.1 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

All dollar amounts in this table are in USD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on December 3, 2025.

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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.

Market Capitalization The total market value of Dover Corporation's outstanding shares	$25.4 billion
Gross profit (TTM)	$3.2 billion
Profit margin	28.37%
Revenue (TTM)	$7.9 billion
Earnings per share (TTM)	$7.69
52-week stock price range	$141.82 – $219.83

All dollar amounts in this table are in USD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on December 3, 2025.

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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.

Market Capitalization The total market value of Flowserve Corporation's outstanding shares	$9.2 billion
Gross profit (TTM)	$1.6 billion
Profit margin	9.66%
Revenue (TTM)	$4.7 billion
Earnings per share (TTM)	$3.45
52-week stock price range	$37.04 – $72.09

All dollar amounts in this table are in USD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on December 3, 2025.

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Cummins (CMI)

Cummins Inc. offers various power solutions worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and Accelera.

Market Capitalization The total market value of Cummins's outstanding shares	$68.7 billion
Gross profit (TTM)	$8.7 billion
Profit margin	7.95%
Revenue (TTM)	$33.6 billion
Earnings per share (TTM)	$19.27
52-week stock price range	$256.13 – $500.17

All dollar amounts in this table are in USD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on December 3, 2025.

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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.

Market Capitalization The total market value of Illinois Tool Works's outstanding shares	$72.7 billion
Gross profit (TTM)	$7 billion
Profit margin	19.05%
Revenue (TTM)	$15.9 billion
Earnings per share (TTM)	$10.32
52-week stock price range	$212.05 – $273.07

All dollar amounts in this table are in USD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on December 3, 2025.

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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.

Market Capitalization The total market value of Ingersoll Rand's outstanding shares	$31.7 billion
Gross profit (TTM)	$3.3 billion
Profit margin	7.31%
Revenue (TTM)	$7.5 billion
Earnings per share (TTM)	$1.36
52-week stock price range	$65.56 – $105.55

All dollar amounts in this table are in USD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on December 3, 2025.

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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.

Market Capitalization The total market value of Graco's outstanding shares	$13.7 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 – $90.12

All dollar amounts in this table are in USD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on December 3, 2025.

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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.

Market Capitalization The total market value of Xylem's outstanding shares	$34.2 billion
Gross profit (TTM)	$3.4 billion
Profit margin	10.66%
Revenue (TTM)	$8.9 billion
Earnings per share (TTM)	$3.88
52-week stock price range	$99.60 – $153.83

All dollar amounts in this table are in USD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on December 3, 2025.

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N/A (N/A)

N/A. . .

All dollar amounts in this table are in N/A. TTM refers to the "trailing 12 months." All values are accurate as of the market close on December 3, 2025.

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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.

Market Capitalization The total market value of Deere-and-Company's outstanding shares	$125.6 billion
Gross profit (TTM)	$15.2 billion
Profit margin	11.00%
Revenue (TTM)	$45.7 billion
Earnings per share (TTM)	$18.49
52-week stock price range	$398.95 – $530.24

All dollar amounts in this table are in USD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on December 3, 2025.

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Kulicke and Soffa Industries (KLIC)

Kulicke and Soffa Industries, Inc. designs, manufactures, and sells capital equipment and consumables in China, the United States, Taiwan, Malaysia, Japan, the Philippines, Korea, Hong Kong, and internationally. It operates through four segments: Ball Bonding Equipment, Wedge Bonding Equipment, Advanced Solutions, and Aftermarket Products and Services (APS).

Market Capitalization The total market value of Kulicke and Soffa Industries's outstanding shares	$2.4 billion
Gross profit (TTM)	$320.3 million
Profit margin	0.03%
Revenue (TTM)	$654.1 million
52-week stock price range	$26.34 – $51.01

All dollar amounts in this table are in USD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on December 3, 2025.

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.

Related: Compare the best stock trading platforms in Canada

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

• What are machinery stocks?

  Machinery stocks are shares of companies that either directly work in the machinery sector or operate within related industries. Investors interested in buying machinery stocks may be looking to take advantage of market trends or lock in investments for the long haul.

• What is the top machinery stock to buy in 2025?

  Unfortunately, it's almost impossible to choose a single "top" machinery stock to invest in due to factors like market fluctuations, company management and shifting economic trends. These can all change—sometimes overnight—how a stock performs. It's best to do your own research to decide which companies fit within your risk tolerance. Reviewing a company's financial reports and past stock performance can help you decide if it's worth investing in.

• Where can I find information and regular updates about the heavy equipment industry?

  You can keep track of the latest heavy equipment news and updates by signing up for financial newsletters, visiting financial news sites, reading company investor relations pages and using market research platforms. Many online brokerages also offer sector reports, stock screeners and alerts to help you track movements in your stock performance or updates in or related to the heavy equipment industry.

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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