Finder makes money from featured partners, but editorial opinions are our own. Advertiser disclosure

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 - 7 of 7
Name Product Available asset types Signup bonus
SoFi Invest
Stocks, Options, ETFs, Cryptocurrency
Get up to $1,000 in stock
when you fund a new account within 30 days.
Winner of Finder’s Best Low-Cost Broker award.
Finder Award
eToro
Stocks, Options, ETFs, Cryptocurrency
FINDER EXCLUSIVE: Get a guaranteed $15 bonus
when you sign up and deposit $100
Winner of Finder’s Best Broker for Beginners award. Not available in NY, NV, MN, TN, and HI.
tastytrade
Stocks, Options, ETFs, Cryptocurrency, Futures
Get $100 - $2,000
when you you open and fund an account with $5,000 to $100,000+
Highly commended for Best Derivatives Trading Platform award.
Public.com
Stocks, ETFs, Cryptocurrency, Art, Treasury Bills, Collectibles
Get up to $300 in either stocks or crypto
when you use code FINDERUS to sign up and fund a new account.
2.5% fee applies to all alternative asset transactions.
Robinhood
Stocks, Options, ETFs, Cryptocurrency
Get a free stock
when you successfully sign up and link your bank account.
Make unlimited commission-free trades, plus earn 4.9% interest on uninvested cash in your account with Robinhood Gold.
JPMorgan Self-Directed Investing
Stocks, Bonds, Options, Mutual funds, ETFs, Treasury Bills
Get $50 - $700
when you open and fund an account with $5,000 - $250,000+
Pay no commissions on stocks, ETFs, mutual funds and options.
Wealthfront
Stocks, ETFs
N/A
Wealthfront builds a free financial plan for the life you want and automate your investments at a low cost.
loading

*Signup bonus information updated weekly.

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. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, motor graders, pipelayers, forestry machines, road reclaimers, wheel excavators, telehandlers; backhoe, compact track, multi-terrain, skid steer loaders, and track-type loaders; and track-type tractors.

Caterpillar stock opened the day at $276.21 after a previous close of $278.61. The latest price was $272.03 (25-minute delay). Caterpillar is listed on the NYSE, has a trailing 12-month revenue of around USD61.7 billion and employs 109,100 staff.

  • Market capitalization: $145,898,717,184
  • P/E ratio: 20.8994
  • PEG ratio: 1.557

Back to top


2. 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 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 $142.81 after a previous close of $143.50. The latest price was $141.56 (25-minute delay). Dover Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$8.5 billion and employs 25,000 staff.

  • Market capitalization: $20,164,237,312
  • P/E ratio: 19.9668
  • PEG ratio: 1.1811

Back to top


3. Flowserve Corporation (FLS)

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, the Middle East, Africa, Asia Pacific, and Europe. It operates through Flowserve Pump Division (FPD) and Flow Control Division (FCD) segments. 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 $38.63 after a previous close of $38.81. The latest price was $38.78 (25-minute delay). Flowserve Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$4 billion and employs 17,000 staff.

  • Market capitalization: $5,201,045,504
  • P/E ratio: 21.9006
  • PEG ratio: 1.7237

Back to top


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 $231.95 after a previous close of $232.80. The latest price was $228.81 (25-minute delay). Cummins is listed on the NYSE, has a trailing 12-month revenue of around USD$32.2 billion and employs 73,600 staff.

  • Market capitalization: $33,760,147,456
  • P/E ratio: 13.3449
  • PEG ratio: 1.5664

Back to top


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 $235.24 after a previous close of $236.20. The latest price was $232.11 (25-minute delay). Illinois Tool Works is listed on the NYSE, has a trailing 12-month revenue of around USD$16.1 billion and employs 46,000 staff.

  • Market capitalization: $71,881,129,984
  • P/E ratio: 23.5356
  • PEG ratio: 2.3042

Back to top


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, India, 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$6.5 billion and employs 17,000 staff.

  • Market capitalization: $26,783,346,688
  • P/E ratio: 39.4226
  • PEG ratio: 1.4871

Back to top


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$2.2 billion and employs 4,000 staff.

  • Market capitalization: $12,672,784,384
  • P/E ratio: 25.5939
  • PEG ratio: 2.6221

Back to top


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$6.1 billion and employs 22,000 staff.

  • Market capitalization: $22,994,352,128
  • P/E ratio: 51.0588
  • PEG ratio: 2.6436

Back to top


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 in 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$3.2 billion and employs 10,300 staff.

  • Market capitalization: $8,159,919,104
  • P/E ratio: 19.4121
  • PEG ratio: 1.1554

Back to top


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 $399.03 after a previous close of $402.33. The latest price was $387.64 (25-minute delay). Deere-and-Company is listed on the NYSE, has a trailing 12-month revenue of around USD$61.4 billion and employs 82,200 staff.

  • Market capitalization: $118,688,088,064
  • P/E ratio: 12.2071
  • PEG ratio: 1.4767

Back to top


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$826.5 million and employs 3,045 staff.

  • Market capitalization: $2,718,060,032
  • P/E ratio: 27.8208
  • PEG ratio: 1.31

Back to top

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.

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.

Paid non-client promotion. Finder does not invest money with providers on this page. If a brand is a referral partner, we're paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company. Learn more about how we make money.

Finder is not an adviser or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.

More guides on Finder

Ask an Expert

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site