11 machinery stocks to watch in 2021 | finder.com

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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.

How to buy machinery stocks

Sign up with an online broker or platform to invest in one of more of these machinery stocks.
  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Use our comparison table to narrow down top brokers by fees and bonuses.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for the stock you're interested in. Find the stock by name or ticker symbol, like CAT or DOV. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Invest in the heavy equipment industry today with a market order or use a limit order to delay your purchase until the stock reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy fractional shares, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of a machinery company. Optimize your portfolio by tracking how your stock — and even the heavy equipment sector as a whole — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Compare machinery stocks

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)

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

Caterpillar stock opened the day at $227.03 after a previous close of $227.75. The latest price was $232.33 (25 minute delay). Caterpillar is listed on the NYSE, has a trailing 12-month revenue of around USD41.7 billion and employs 97,300 staff.

  • Market capitalization: $126,826,807,296
  • P/E ratio: 42.5971
  • PEG ratio: 1.9559

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 aftermarket vehicle, solid waste handling, industrial automation, aerospace and defense, industrial winch and hoist, bearings, drives, electric monitoring, and fluid dispensing systems. This segment also offers manual and power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors.

Dover Corporation stock opened the day at $145.89 after a previous close of $144.85. The latest price was $148.63 (25 minute delay). Dover Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$6.7 billion and employs 23,000 staff.

  • Market capitalization: $19,895,422,976
  • P/E ratio: 29.4255
  • PEG ratio: 1.9799

3. Flowserve Corporation (FLS)

Flowserve Corporation designs, develops, manufactures, distributes, and services industrial flow management equipment in the United States, Canada, Mexico, the Middle East, Africa, the Asia Pacific, and Europe. 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 $39.01 after a previous close of $39.16. The latest price was $40.15 (25 minute delay). Flowserve Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$3.7 billion and employs 16,000 staff.

  • Market capitalization: $5,182,283,264
  • P/E ratio: 44.5955
  • PEG ratio: 3.1959

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 $259.10 after a previous close of $259.98. The latest price was $263.07 (25 minute delay). Cummins is listed on the NYSE, has a trailing 12-month revenue of around USD$19.8 billion and employs 57,825 staff.

  • Market capitalization: $38,309,535,744
  • P/E ratio: 21.7669
  • PEG ratio: 1.7482

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 $223.76 after a previous close of $222.70. The latest price was $226.77 (25 minute delay). Illinois Tool Works is listed on the NYSE, has a trailing 12-month revenue of around USD$12.6 billion and employs 43,000 staff.

  • Market capitalization: $70,138,298,368
  • P/E ratio: 33.4268
  • PEG ratio: 2.0693

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 four segments: Industrial Technologies and Services; Precision and Science Technologies; Specialty Vehicle Technologies; and High Pressure Solutions segments.

Ingersoll Rand stock opened the day at $50.12 after a previous close of $50.34. The latest price was $50.95 (25 minute delay). Ingersoll Rand is listed on the NYSE, has a trailing 12-month revenue of around USD$4.9 billion and employs 15,900 staff.

  • Market capitalization: $20,661,864,448
  • P/E ratio: 78.25
  • PEG ratio: 1.856

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.

Graco stock opened the day at $69.15 after a previous close of $68.42. The latest price was $69.40 (25 minute delay). Graco is listed on the NYSE, has a trailing 12-month revenue of around USD$1.7 billion and employs 3,700 staff.

  • Market capitalization: $12,583,496,704
  • P/E ratio: 38.8021
  • PEG ratio: 3.2257

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 in three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions.

Xylem stock opened the day at $107.63 after a previous close of $107.59. The latest price was $109.48 (25 minute delay). Xylem is listed on the NYSE, has a trailing 12-month revenue of around USD$4.9 billion and employs 15,600 staff.

  • Market capitalization: $19,447,416,832
  • P/E ratio: 77.1714
  • PEG ratio: 2.6413

9. ITT (ITT)

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

ITT stock opened the day at $85.36 after a previous close of $84.45. The latest price was $86.26 (25 minute delay). ITT is listed on the NYSE, has a trailing 12-month revenue of around USD$2.5 billion and employs 9,700 staff.

  • Market capitalization: $7,904,059,904
  • P/E ratio: 111.1986
  • PEG ratio: 1.8155

10. Deere-and-Company (DE)

Deere & Company, together with its subsidiaries, manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment provides various agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; tillage, seeding, and application equipment comprising sprayers, nutrient management, and soil preparation machinery; self-propelled forage harvesters and attachments, balers, and mowers; riding lawn equipment, golf course equipment, utility vehicles, and commercial mowing equipment along with associated implements; integrated agricultural solutions and precision technologies; and other outdoor power products.

Deere-and-Company stock opened the day at $370.22 after a previous close of $370.26. The latest price was $375.85 (25 minute delay). Deere-and-Company is listed on the NYSE, has a trailing 12-month revenue of around USD$37 billion and employs 69,634 staff.

  • Market capitalization: $119,777,583,104
  • P/E ratio: 34.9625
  • PEG ratio: 1.8349

11. Kulicke and Soffa Industries (KLIC)

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

Kulicke and Soffa Industries stock opened the day at $46.22 after a previous close of $45.20. The latest price was $46.31 (25 minute delay). Kulicke and Soffa Industries is listed on the NASDAQ, has a trailing 12-month revenue of around USD$746.7 million and employs 3,080 staff.

  • Market capitalization: $3,274,561,280
  • P/E ratio: 38.2781
  • PEG ratio: 1.31

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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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