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Machinery stocks

Ready to invest in the heavy equipment industry? Consider these 11 stocks.

The best machinery 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.

11 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 US stocks.

  1. Caterpillar (CAT)
  2. Dover Corporation (DOV)
  3. Flowserve Corporation (FLS)
  4. Cummins (CMI)
  5. Illinois Tool Works (ITW)
  6. Ingersoll Rand (IR)
  7. Graco (GGG)
  8. Xylem (XYL)
  9. ITT (ITT)
  10. Deere-and-Company (DE)
  11. Kulicke and Soffa Industries (KLIC)

Compare trading platforms

Compare online trading platforms by fees, asset types and bonuses to find the best for your investment in machinery stocks.
1 - 6 of 6
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8%-12% of your deposit
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Trade stocks in the app or online with $0 commissions. Not available in NY, NV, MN, TN, and HI.
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$200 in US stocks
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Trade stocks, options, ETFs and futures on mobile or desktop with this advanced platform.
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Receive a free stock slice worth between $3–$300
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Commission-free trading in stocks and ETFs with a social networking twist.
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Stocks, Bonds, Options, Mutual funds, ETFs
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Take a deeper dive into machinery stocks

If you're interested in investing in the heavy equipment industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn't guarantee that a stock will continue to rise in the future.

1. Caterpillar (CAT)

Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines worldwide. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact track and multi-terrain loaders, excavators, motorgraders, pipelayers, road reclaimers, site prep tractors, skid steer loaders, telehandlers, and utility vehicles; mini, small, medium, and large excavators; compact, small, and medium wheel loaders; track-type tractors and loaders; and wheel excavators.

Caterpillar stock opened the day at $167.43 after a previous close of $164.08. The latest price was $171.23 (25-minute delay). Caterpillar is listed on the NYSE, has a trailing 12-month revenue of around USD54 billion and employs 107,700 staff.

  • Market capitalization: $85,848,555,520
  • P/E ratio: 13.02
  • PEG ratio: 1.1252

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2. Dover Corporation (DOV)

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The Engineered Products segment provides various equipment, component, software, solution, and services that are used in aftermarket vehicle service, solid waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market. This segment also offers manual and power clamp, rotary and linear mechanical indexer, conveyor, pick and place unit, glove port, and manipulator, as well as end-of-arm robotic gripper, slide, and end effector.

Dover Corporation stock opened the day at $174.80 after a previous close of $174.68. The latest price was $173.53 (25-minute delay). Dover Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$8.2 billion and employs 25,000 staff.

  • Market capitalization: $16,806,673,408
  • P/E ratio: 15.216
  • PEG ratio: 1.013

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3. Flowserve Corporation (FLS)

Flowserve Corporation designs, develops, manufactures, distributes, and services industrial flow management equipment in the United States, Europe, the Middle East, Africa, Asia, and internationally. It operates in two segments, Flowserve Pump Division (FPD) and Flow Control Division (FCD). The FPD segment offers custom and pre-configured pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, upgrades, and related aftermarket services, including installation and commissioning services, seal systems spare parts, repairs, advanced diagnostics, re-rate and upgrade solutions, retrofit programs, and machining and asset management solutions, as well as manufactures a gas-lubricated mechanical seal for use in high-speed compressors for gas pipelines.

Flowserve Corporation stock opened the day at $31.49 after a previous close of $31.23. The latest price was $31.09 (25-minute delay). Flowserve Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$3.5 billion and employs 15,000 staff.

  • Market capitalization: $3,175,839,744
  • P/E ratio: 33.2877
  • PEG ratio: 1.2774

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4. Cummins (CMI)

Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and New Power.

Cummins stock opened the day at $226.84 after a previous close of $226.72. The latest price was $223.36 (25-minute delay). Cummins is listed on the NYSE, has a trailing 12-month revenue of around USD$24.8 billion and employs 59,900 staff.

  • Market capitalization: $28,693,350,000
  • P/E ratio: 13.954
  • PEG ratio: 1.2304

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5. Illinois Tool Works (ITW)

Illinois Tool Works Inc. manufactures and sells industrial products and equipment worldwide. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products.

Illinois Tool Works stock opened the day at $182.55 after a previous close of $180.65. The latest price was $186.95 (25-minute delay). Illinois Tool Works is listed on the NYSE, has a trailing 12-month revenue of around USD$15.2 billion and employs 45,000 staff.

  • Market capitalization: $55,933,160,000
  • P/E ratio: 21.2167
  • PEG ratio: 1.7749

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6. Ingersoll Rand (IR)

Ingersoll Rand Inc. provides various mission-critical air, fluid, energy, specialty vehicle and medical technologies in the United States, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Industrial Technologies and Services, and Precision and Science Technologies.

Ingersoll Rand stock opened the day at $61.15 after a previous close of $61.25. The latest price was $61.87 (25-minute delay). Ingersoll Rand is listed on the NYSE, has a trailing 12-month revenue of around USD$5.5 billion and employs 16,000 staff.

  • Market capitalization: $17,441,609,728
  • P/E ratio: 33.5349
  • PEG ratio: 1.0868

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7. Graco (GGG)

Graco Inc. designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. The company's Industrial segment offers proportioning systems to spray polyurethane foam and polyurea coatings; equipment that pumps, meters, mixes and dispenses sealant, adhesive, and composite materials; and gel-coat equipment, chop and wet-out systems, resin transfer molding systems and applicators, and precision dispensing solutions.

Graco stock opened the day at $78.34 after a previous close of $77.61. The latest price was $77.68 (25-minute delay). Graco is listed on the NYSE, has a trailing 12-month revenue of around USD$2.1 billion and employs 3,800 staff.

  • Market capitalization: $10,138,504,192
  • P/E ratio: 23.6024
  • PEG ratio: 2.4263

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8. Xylem (XYL)

Xylem Inc. , together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions.

Xylem stock opened the day at $118.20 after a previous close of $118.64. The latest price was $115.81 (25-minute delay). Xylem is listed on the NYSE, has a trailing 12-month revenue of around USD$5.2 billion and employs 16,100 staff.

  • Market capitalization: $15,740,699,648
  • P/E ratio: 37.6552
  • PEG ratio: 2.0331

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9. ITT (ITT)

ITT Inc. manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets worldwide. The company operates through three segments: Motion Technologies, Industrial Process, and Connect & Control Technologies.

ITT stock opened the day at $94.75 after a previous close of $93.14. The latest price was $95.00 (25-minute delay). ITT is listed on the NYSE, has a trailing 12-month revenue of around USD$2.8 billion and employs 9,900 staff.

  • Market capitalization: $5,403,617,792
  • P/E ratio: 16.3759
  • PEG ratio: 0.9145

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10. Deere-and-Company (DE)

Deere & Company manufactures and distributes 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 mid-size tractors, combines, cotton pickers and strippers, sugarcane harvesters, harvesting front-end equipment, sugarcane loaders, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.

Deere-and-Company stock opened the day at $338.76 after a previous close of $333.89. The latest price was $344.05 (25-minute delay). Deere-and-Company is listed on the NYSE, has a trailing 12-month revenue of around USD$48.3 billion and employs 75,550 staff.

  • Market capitalization: $100,774,682,624
  • P/E ratio: 16.6862
  • PEG ratio: 1.2226

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11. Kulicke and Soffa Industries (KLIC)

Kulicke and Soffa Industries, Inc. designs, manufactures, and sells capital equipment and tools used to assemble semiconductor devices. It operates through two segments, Capital Equipment, and Aftermarket Products and Services (APS).

Kulicke and Soffa Industries stock opened the day at $51.73 after a previous close of $50.80. The latest price was $53.04 (25-minute delay). Kulicke and Soffa Industries is listed on the NASDAQ, has a trailing 12-month revenue of around USD$1.7 billion and employs 2,854 staff.

  • Market capitalization: $2,237,356,032
  • P/E ratio: 4.7863
  • PEG ratio: 1.31

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How to buy machinery stocks

Sign up with an online broker or platform to invest in one or more of these machinery stocks.

  1. Compare share trading platforms. Use our comparison table to narrow down top brokers by fees and bonuses.
  2. Open and fund your brokerage account. You’ll need personal and financial details, like your contact and bank information.
  3. Search for the stock you're interested in. Find the stock by name or ticker symbol, like CAT or DOV.
  4. Decide on how many to buy. Some brokers will allow you to purchase fractional shares, while others require you to purchase whole shares.
  5. Choose an order type. Invest in the machinery stocks now with a market order or use a limit order to delay your purchase until the stock reaches your desired price.
  6. Buy the stock. Tap or click the Buy button on your brokerage account. Once you’ve invested in the heavy equipment industry, track how your stock performs to decide when it’s time to sell.

The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Bottom line

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. And if you’re new to investing, or if it’s been awhile since you’ve taken a critical look at your investing accounts, compare brokers to make sure you’re getting the best features in your trading account.

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