5 Best Robotics Stocks To Buy Now

In this piece, we will take a look at the five best robotics stocks to buy now. If you want to take a deeper look at the robotics industry, head on over to 12 Best Robotics Stocks To Buy Now.

5. Stryker Corporation (NYSE:SYK)

Number of Investors In Q1 2023: 42

Stryker Corporation (NYSE:SYK) is a medical devices company that designs and sells equipment that is used to aid surgeons during surgeries. It announced in May that five additional locations will its image guided neurosurgery platform as part of initial product usage tests.

Insider Monkey’s first quarter of 2023 survey covering 943 hedge funds revealed that 42 had invested in Stryker Corporation (NYSE:SYK). Out of these, the firm’s largest shareholder is Terry Smith’s Fundsmith LLP owning a stake worth $1.5 billion.

4. Emerson Electric Co. (NYSE:EMR)

Number of Investors In Q1 2023: 47

Emerson Electric Co. (NYSE:EMR) is an industrial equipment company that serves the needs of the automation industry by providing actuators, control systems, and other products. The firm’s automation technology products won an important contract earlier this year for sustainable chemical production.

As of March 2023, 47 of the 943 hedge funds part of Insider Monkey’s database had bought Emerson Electric Co. (NYSE:EMR)’s shares. The firm’s largest hedge fund investor in our database is Ken Griffin’s Citadel Investment Group with a stake that is worth $371 million.

3. Intuitive Surgical, Inc. (NASDAQ:ISRG)

Number of Investors In Q1 2023: 67

Intuitive Surgical, Inc. (NASDAQ:ISRG) is a must have on any list of robotics stocks. It is one of the world’s leading manufacturers of medical robots that aid surgeons during their complex tasks. The firm’s average share price target is $333, a sizeable upside over the current price of $314.

By the end of this year’s first quarter, 67 of the 943 hedge funds profiled by Insider Monkey had held a stake in the company. Intuitive Surgical, Inc. (NASDAQ:ISRG)’s biggest hedge fund shareholder is Ken Fisher’s Fisher Asset Management with a $1.1 billion stake.

2. Tesla, Inc. (NASDAQ:TSLA)

Number of Investors In Q1 2023: 82

While not strictly a robotics company, Tesla, Inc. (NASDAQ:TSLA) is one of the foremost users of robots in its manufacturing process. The firm is also designing its own robot for heavy duty industrial usage.

67 of the 943 hedge funds part of Insider Monkey’s database had bought Tesla, Inc. (NASDAQ:TSLA)’s shares during Q1 2023. D. E. Shaw’s D E Shaw is the biggest investor out of these, owning 6.2 million shares that are worth $1.2 billion.

1. Thermo Fisher Scientific Inc. (NYSE:TMO)

Number of Investors In Q1 2023: 98

Thermo Fisher Scientific Inc. (NYSE:TMO) is a healthcare company which sells a variety of robots that are used in laboratory settings for medical research. Out of the 15 analysts covering its stock, 14 have rated it either a Buy or a Strong Buy.

As of March 2023, 98 of the 943 hedge funds part of Insider Monkey’s research had held a stake in the firm. Ken Fisher’s Fisher Asset Management is Thermo Fisher Scientific Inc. (NYSE:TMO)’s largest shareholder in our database, courtesy of its $1.3 billion investment.

Disclosure: None. You can also take a look at 10 Best Stocks to Buy for the Next 10 Years and 20 Most Valuable European Tech Companies In The World.

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