5 Best Hardware Stocks to Buy Now

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1. Snap-on Incorporated (NYSE: SNA)

Number of Hedge Fund Holders: 26

Snap-on Incorporated (NYSE: SNA) is a Wisconsin-based firm that manufactures and sells tools and equipment used in the transportation industry. The parts of the transport business that use these tools include the automotive, heavy duty, equipment, marine, aviation, and railroad sectors. Snap-on was founded in 1920 and is placed first on our list of 10 best hardware stocks to buy now. Some products that the firm sells include wrenches, sockets, ratchet wrenches, pliers, screwdrivers, punches and chisels, as well as saws and cutting tools.

On April 13, financial services firm Baird singled out Snap-on Incorporated (NYSE: SNA) as one of the stocks that had surprise upside potential for the second quarter of 2021. On March 8, the Wisconsin-based firm announced that it had acquired Ontario-based software solutions provider Dealer-FX Group for $200 million to extend strategic visibility into new technologies. 

Out of the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Ariel Investments is a leading shareholder in the firm with 1 million shares worth more than $184 million. 

You can also take a peek at 10 Best Biotech Stocks To Buy For 2021, and Top 10 Best Freelancing Platforms and Websites for 2021.

 

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