11 Best Manufacturing Stocks To Invest In

Published on October 10, 2022 at 9:25 am by Omer Farooq in Hedge Funds, News

In this article, we will look at the 11 best manufacturing stocks to invest in. If you want to explore similar stocks, you can also take a look at 5 Best Manufacturing Stocks To Invest In.

The manufacturing sector has been going through a rough patch in 2022, amid high inflation, stockpiling, muted demand, and supply chain problems. However, according to data from the Institute for Supply Management, economic activity in the manufacturing sector grew in September and registered a PMI reading of 50.9%. The Production Index increased 0.2% month over month in September and recorded a reading of 50.6%. The Prices Index fell 0.8% from August and recorded a reading of 51.7%. Industry-wise, nine manufacturing industries reported growth in September. These included nonmetallic mineral products, machinery, plastics & rubber products, transportation equipment, and computer & electronic products among others.

According to McKinsey & Company, the U.S. manufacturing sector accounts for $2.3 trillion, or roughly 11% of the country’s GDP. McKinsey analysts suggested that reviving the growth in the manufacturing sector can potentially create 1.5 million jobs and grow the GDP of the United States by 15% by 2030. Moreover, government efforts, such as the Bipartisan Infrastructure Law, are expected to restore the strength of the manufacturing industry and drive a manufacturing renaissance.

With a resurgence in the manufacturing sector underway, investors should start positioning their portfolios for a rebound. Some of the best manufacturing stocks to invest in right now include Emerson Electric Co. (NYSE:EMR), Deere & Company (NYSE:DE), and Caterpillar Inc. (NYSE:CAT). These stocks, among others, are discussed in detail in the article below.

Our Methodology

To determine the best manufacturing stocks to invest in, we reviewed companies from a variety of manufacturing sub-sectors and narrowed down our selection to stocks that had positive market sentiment. Along with each stock, we have mentioned the hedge fund sentiment, analyst ratings, and potential growth catalysts. We have arranged these stocks according to their popularity among elite hedge funds.

Best Manufacturing Stocks To Invest In

11. Modine Manufacturing Company (NYSE:MOD)

Number of Hedge Fund Holders: 15

Modine Manufacturing Company (NYSE:MOD) is a leading thermal management company that makes HVAC systems for a variety of end markets. Modine Manufacturing Company (NYSE:MOD) is currently trading cheaply relative to earnings, and as of October 7, the stock has a trailing twelve-month PE ratio of 7.35. On July 15, Modine Manufacturing Company (NYSE:MOD) announced that it has started full-scale production of data center chillers at its site in Virginia. Modine Manufacturing Company (NYSE:MOD) is one of the best manufacturing stocks to buy now.

On August 3, Modine Manufacturing Company (NYSE:MOD) announced earnings for the first quarter of fiscal 2023. The company reported earnings per share of $0.32 and beat EPS estimates by $0.20. The company reported a revenue of $541 million, up 9.38% year over year, and beat Wall Street consensus by $46.9 million.

At the end of Q2 2022, 15 hedge funds held stakes in Modine Manufacturing Company (NYSE:MOD). The total value of these stakes amounted to $86.15 million, up from $70.99 million in the previous quarter with 13 positions. The hedge fund sentiment for the stock is positive. As of June 30, GAMCO Investors owns more than 3.2 million shares of Modine Manufacturing Company (NYSE:MOD) and is the top shareholder. The investment covers 0.37% of Mario Gabelli’s 13F portfolio.

Like Emerson Electric Co. (NYSE:EMR), Deere & Company (NYSE:DE), and Caterpillar Inc. (NYSE:CAT), Modine Manufacturing Company (NYSE:MOD) is one of the stocks that can benefit from a resurgence in manufacturing activity.

10. Amcor plc (NYSE:AMCR)

Number of Hedge Fund Holders: 20

Amcor plc (NYSE:AMCR) manufactures packaging products and markets them in Europe, North America, Latin America, Africa, and the Asia Pacific. The company is one of the largest manufacturers of rigid plastics. The company pays a hefty dividend and is offering a forward dividend yield of 4.33% as of October 6. Amcor plc (NYSE:AMCR) is one of the best manufacturing stocks to buy now.

On August 22, Amcor plc (NYSE:AMCR) announced that it has wholly acquired a top flexible packaging plant in the Czech Republic. With this acquisition, Amcor plc (NYSE:AMCR) is well-positioned to capture more market share and benefit from strong demand and customer growth for flexible packaging in Europe. On August 18, Macquarie analyst John Purtell rerated Amcor plc (NYSE:AMCR) to Neutral from Outperform and reiterated his price target of A$19.

At the end of the second quarter of 2022, 20 hedge funds were bullish on Amcor plc (NYSE:AMCR). These funds held collective stakes of $252.4 million, up from $239.5 million in the previous quarter with 20 positions. As of June 30, Polaris Capital Management is the largest shareholder in Amcor plc (NYSE:AMCR) and has stakes worth $199.4 million in the company.

9. CNH Industrial N.V. (NYSE:CNHI)

Number of Hedge Fund Holders: 25

CNH Industrial N.V. (NYSE:CNHI) designs, manufactures, sells, and finances agricultural and construction equipment. The company operates in North America, Europe, South America, and international markets. At the end of the second quarter of 2022, 25 hedge funds were bullish on CNH Industrial N.V. (NYSE:CNHI). These funds held collective stakes of $606.25 million in the company.

On September 19, CNH Industrial N.V. (NYSE:CNHI) announced a stock buyback program worth $50 million. This is the first chunk of its $300 million share repurchase program. The company expects to buy back stock worth $300 million by October 12, 2023. As of October 6, CNH Industrial N.V. (NYSE:CNHI) is trading at a PE multiple of 9x and is offering a forward dividend yield of 2.41%. The stock is one of the best manufacturing stocks that pay dividends and is trading at a bargain right now.

This August, Deutsche Bank analyst Nicole DeBlase raised her price target on CNH Industrial N.V. (NYSE:CNHI) to $17 from $16 and maintained a Buy rating on the shares. On September 27, Baird analyst Mircea Dobre started coverage of CNH Industrial N.V. (NYSE:CNHI) with a buy-side Outperform rating and a $17 price target.

As of June 30, Harris Associates owns more than 96.5 million shares of CNH Industrial N.V. (NYSE:CNHI) and is the largest shareholder in the company. The fund’s stakes are valued at $1.1 billion.

Here is what Oakmark Funds had to say about CNH Industrial N.V. (NYSE:CNHI) in its second-quarter 2022 investor letter:

“We sold our position in Iveco Group (Italy), in favor of names that, in our opinion, offer a more favorable risk/return profile. Iveco Group’s arrival in the Fund stemmed from CNH Industrial N.V. (NYSE:CNHI)’s demerger of its trucks and commercial vehicles business in early January. We continue to hold CNH Industrial as we believe it holds an attractive valuation at its current price.”

8. Johnson Controls International plc (NYSE:JCI)

Number of Hedge Fund Holders: 33

Johnson Controls International plc (NYSE:JCI) manufactures HVAC equipment and electronics. The company has operations in the United States, Europe, the Asia Pacific, and international markets. The stock is one of the best manufacturing stocks to buy now and also pays dividends. As of October 7, Johnson Controls International plc (NYSE:JCI) is offering a forward dividend yield of 2.67% and has free cash flows of $670 million.

On July 15, Jefferies analyst Stephen Volkmann revised his price target on Johnson Controls International plc (NYSE:JCI) to $65 from $70 and reiterated a Buy rating on the shares. On July 18, Mizuho analyst Brett Linzey adjusted his price target on Johnson Controls International plc (NYSE:JCI) to $65 from $68 and maintained a Buy rating on the shares.

At the end of Q2 2022, 33 hedge funds were long Johnson Controls International plc (NYSE:JCI) and held stakes worth $603.5 million in the company. As of June 30, D E Shaw owns more than 2.9 million shares of Johnson Controls International plc (NYSE:JCI) and is the top shareholder in the company.

Here is what Aristotle Capital Management had to say about Johnson Controls International plc (NYSE:JCI) in its first-quarter 2022 investor letter:

“As investors since the fourth quarter of 2017, we have enjoyed a front-row view of the large transformation that has taken place at Johnson Controls. Once a multi-industrial corporation, the company successfully turned itself into a pure-play buildings solutions and technology provider. Catalysts we previously identified for Johnson Controls included synergies following its merger with Tyco International, which provides fire safety and building security products, as well as benefits from its separation of non-building-focused businesses, such as automotive seating and batteries. With all catalysts in sight now nearing completion, and Johnson Controls now a better business for it – with higher recurring revenues and lower capital intensity – we decided to exit our investment to help fund the purchases of Xcel Energy and Atmos Energy.”

7. Generac Holdings Inc. (NYSE:GNRC)

Number of Hedge Fund Holders: 34

Generac Holdings Inc. (NYSE:GNRC) manufactures and markets power generation equipment and energy storage systems worldwide. Generac Holdings Inc. (NYSE:GNRC) is exploring strategic M&A and is one of the best manufacturing stocks to buy now. On October 4, the company announced that it has acquired industrial IoT developer Blue Pillar. With this move, Generac Holdings Inc. (NYSE:GNRC) will be able to leverage IoT technology and offer smart power generation products.

Wall Street is bullish on Generac Holdings Inc. (NYSE:GNRC). This September, Jefferies analyst Saree Boroditsky started coverage of Generac Holdings Inc. (NYSE:GNRC) with a Hold rating and a $190 price target. On September 30, Cowen analyst Jeffrey Osborne took coverage of Generac Holdings Inc. (NYSE:GNRC) with a buy-side Outperform rating and a $229 price target.

At the end of the second quarter of 2022, 34 hedge funds held stakes in Generac Holdings Inc. (NYSE:GNRC) worth $372.8 million. This is compared to 33 positions in the previous quarter with stakes worth $383.2 million. As of June 30, Impax Asset Management owns roughly 0.84 million shares of Generac Holdings Inc. (NYSE:GNRC) and is the most prominent investor in the company.

6. LyondellBasell Industries N.V. (NYSE:LYB)

Number of Hedge Fund Holders: 37

LyondellBasell Industries N.V. (NYSE:LYB) is a leading manufacturer of plastics, chemicals, and fuels. At the end of the second quarter of 2022, LyondellBasell Industries N.V. (NYSE:LYB) was spotted on 37 hedge fund portfolios. These funds held collective stakes of $953.4 million. This is compared to 32 positions in Q1 2022 with stakes worth $744 million. The hedge fund sentiment for the stock is positive.

On September 13, Wells Fargo analyst Michael Sison revised his price target on LyondellBasell Industries N.V. (NYSE:LYB) to $100 from $115 and maintained a buy-side Overweight rating on the shares. This September, Deutsche Bank analyst David Begleiter adjusted his price target on LyondellBasell Industries N.V. (NYSE:LYB) to $85 from $92 and maintained a Hold rating on the shares.

On October 4, LyondellBasell Industries N.V. (NYSE:LYB) launched its new catalyst production plant at its manufacturing facility in Germany.

As of June 30, Eagle Capital Management is the top shareholder in LyondellBasell Industries N.V. (NYSE:LYB) and has stakes worth $358 million in the company. The investment covers 1.55% of the fund’s 13F portfolio.

In addition to Emerson Electric Co. (NYSE:EMR), Deere & Company (NYSE:DE), and Caterpillar Inc. (NYSE:CAT), LyondellBasell Industries N.V. (NYSE:LYB) is among the best manufacturing stocks that pay dividends.

Click to continue reading and see 5 Best Manufacturing Stocks To Invest In.

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Published on October 30, 2024 at by Inan Dogan, PhD

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)

The AI revolution is upon us, and savvy investors stand to make a fortune.

But with so many choices, how do you find the hidden gem – the company poised for explosive growth?

That’s where our expertise comes in.

We’ve got the answer, but there’s a twist…

Imagine an AI company so groundbreaking, so far ahead of the curve, that even if its stock price quadrupled today, it would still be considered ridiculously cheap.

That’s the potential you’re looking at. This isn’t just about a decent return – we’re talking about a 10,000% gain over the next decade!

Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.

This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.

It’s like having a race car on a go-kart track.

They have a strong possibility of cornering entire markets, becoming the undisputed leader in their field.

Here’s the catch (it’s a good one): To uncover this sleeping giant, you’ll need our exclusive intel.

We want to make sure none of our valued readers miss out on this groundbreaking opportunity!

That’s why we’re slashing the price of our Premium Readership Newsletter by a whopping 70%.

For a ridiculously low price of just $29, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single restaurant meal!

Here’s why this is a deal you can’t afford to pass up:

• Access to our Detailed Report on this Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.

• 11 New Issues of Our Premium Readership Newsletter: You will also receive 11 new issues and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.

• One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149

• Bonus Reports: Premium access to members-only fund manager video interviews

• Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.

• 30-Day Money-Back Guarantee: If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $29.

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Subscribe Now!

No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a year later!

A New Dawn is Coming to U.S. Stocks

Published on November 16, 2024 at by Insider Monkey Staff

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…

Insider Monkey Ads

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Log In

Sign Up