In this article, we discuss the 5 best robotics stocks to buy now. If you want to read our discussion on the robotics industry, you can go directly to the 13 Best Robotics Stocks To Buy Now.
5. Honeywell International Inc. (NASDAQ:HON)
Number of Hedge Fund Holders: 61
Value of Hedge Fund Holdings: $2,519,406,500
Market Capitalization: $124.75 billion
Honeywell International Inc. (NASDAQ:HON) is a Charlotte, North Carolina-based industrial conglomerate involved in aerospace, building technologies, performance materials, and safety products. The company has a dedicated robotics division that is focused on providing warehousing solutions to enhance distribution, fulfillment, and manufacturing operations by offering AI-powered robots for picking. Honeywell International Inc. (NASDAQ:HON) also offers a smart depalletizer that reduces the risk of injury to the labor.
Here’s what ClearBridge Investments said about Honeywell International Inc. (NASDAQ:HON) in its Q1 2023 investor letter:
“We also used the strength in the market to sell our position in diversified industrial company Honeywell International Inc. (NASDAQ:HON). While a recovery in its commercial aerospace business remains a tailwind, we believe the valuation is extended and industrial demand continues to soften.”
4. Medtronic plc (NYSE:MDT)
Number of Hedge Fund Holders: 63
Value of Hedge Fund Holdings: $1,862,101,400
Market Capitalization: $105.05 billion
Medtronic plc (NYSE:MDT) is a Dublin, Ireland-based medical device company. The company’s Hugo system is a robotic-assisted surgery (RAS) system designed for knee replacement procedures. The robotic arm tracks the surgeon’s movements and guides the angle and alignment of the surgical instruments. The device debuted at Guy’s and St Thomas’ Hospital in the UK after receiving FDA approval in 2021.
3. Intuitive Surgical, Inc. (NASDAQ:ISRG)
Number of Hedge Fund Holders: 68
Value of Hedge Fund Holdings: $3,494,106,000
Market Capitalization: $102.15 billion
Intuitive Surgical, Inc. (NASDAQ:ISRG) is a Sunnyvale, California-based company that is considered a pioneer and market leader in the field of surgical robots. Intuitive Surgical, Inc. (NASDAQ:ISRG) manufactures the da Vinci surgical system, which enables minimally invasive surgery. The da Vinci system comprises a surgeon’s console, a patient-side cart equipped with four robotic arms, a 3D vision system, and proprietary instruments. Surgeons control the robotic instruments using master controllers that translate hand movements into precise micro-movements inside the patient’s body.
Here’s what RiverPark Advisors said about Intuitive Surgical, Inc. (NASDAQ:ISRG) in its Q1 2023 investor letter:
“Intuitive Surgical, Inc. (NASDAQ:ISRG): ISRG shares were a top detractor in the quarter despite 4Q results largely in line with expectations. The company used the quarterly release to define the timeline of upcoming products including its next-gen platform, now expected next year. The market was disappointed by this timing.
Intuitive is the pioneer and clear leader in robotic surgery and remains one of our most compelling long-term growth opportunities. The company’s products address a massive market with very low current penetration, and the company has a strong moat. Its major competitors, J&J and Medtronic, are facing large delays (to at least 2024) in introducing their platforms as the FDA approval process has become more difficult. These delays give Intuitive more time to place systems, train surgeons and launch new products, extending its competitive advantage. The company’s “Extended Use Program” aims to make its tools more price-competitive to traditional non-robotic procedures, which increases the company’s moat.”
2. General Electric Company (NYSE:GE)
Number of Hedge Fund Holders: 71
Value of Hedge Fund Holdings: $10,191,097,000
Market Capitalization: $119.65 billion
General Electric Company (NYSE:GE) is a Boston, Massachusetts-based conglomerate that has integrated robotics technologies into its industrial IoT and AI capabilities for predictive maintenance and asset optimization. In the healthcare sector, General Electric Company (NYSE:GE) offers robotic arms and navigation systems for assisted surgery and imaging applications. General Electric Company (NYSE:GE) estimates that robotics-enabled automation could result in over $200 billion in global cost savings across major industries by 2025.
1. Thermo Fisher Scientific Inc. (NYSE:TMO)
Number of Hedge Fund Holders: 103
Value of Hedge Fund Holdings: $7,190,980,700
Market Capitalization: $193.59 billion
Thermo Fisher Scientific Inc. (NYSE:TMO) is a Waltham, Massachusetts-based life sciences company that provides instruments, equipment, software, and services for research and diagnostics. The company utilizes robotics in several products to automate workflows in drug discovery, biotech research, pathology labs, and more. In 2019, Thermo Fisher Scientific Inc. (NYSE:TMO) acquired Brammer Bio, gaining viral vector manufacturing capability for gene and cell therapies.
Here’s what Weitz Investment Management said about Thermo Fisher Scientific Inc. (NYSE:TMO) in its Q1 2023 investor letter:
“Portfolio activity this quarter included opportunistically initiating a position in life sciences tool and equipment maker Thermo Fisher Scientific Inc. (NYSE:TMO), a long-time holding of other Weitz portfolios, at an attractive valuation.”
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