5 Best Industrial Dividend Stocks To Buy Now

1. Union Pacific Corporation (NYSE:UNP)

Number of Hedge Fund Holders: 65    

Dividend Yield as of October 13: 2.71%

Union Pacific Corporation (NYSE:UNP) operates in the railroad business in the United States. It is one of the elite industrial stocks to invest in. On September 30, Barclays analyst Brandon Oglenski kept an Overweight rating on the Union Pacific Corporation (NYSE:UNP) stock and lowered the price target to $235 from $255, highlighting the robust earnings of the firm in the ratings update. 

At the end of the second quarter of 2022, 65 hedge funds in the database of Insider Monkey held stakes worth $6.4 billion in Union Pacific Corporation (NYSE:UNP), compared to 89 the preceding quarter worth $7 billion.

In its Q2 2022 investor letter, Diamond Hill Capital Management, an asset management firm, highlighted a few stocks and Union Pacific Corporation (NYSE:UNP) was one of them. Here is what the fund said:

“Union Pacific Corporation (NYSE:UNP) is a large railroad company that carries freight across the western US and between Canada and Mexico. It transports a variety of industrial goods, raw materials and containerized freight between major US ports, industrial hubs and international gateways. The goods that Union Pacific and other railroads transport are fundamental inputs in the economy and are resilient to long-term trends in the business cycle. We believe Union Pacific offers a compelling investment opportunity as its substantial infrastructure investments, relative cost advantages, limited leverage and the essential nature of the products it delivers provides the company with what we believe is one of the widest moats in the transportation sector. We also like that Union Pacific has a shareholder-oriented management team that is focused on growing earnings while returning capital to shareholders.”

You can also take a peek at 10 Best Stocks to Buy According to Angela Aldrich’s Bayberry Capital Partners and Top 10 Tech Stocks to Buy According to Billionaire Louis Bacon.

Follow Insider Monkey on Twitter