5 Industrial Stocks to Buy Today According to Mario Gabelli’s GAMCO Investors

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

GAMCO Investors’ Stake Value: $233 million

Percentage of GAMCO Investors’ 13F Portfolio: 1.99%

Number of Hedge Fund Holders: 35

CNH Industrial N.V. (NYSE:CNHI) is a British company headquartered in London. The company offers several kinds of equipment to the farming, construction, transportation, and power generation segments.

GAMCO Investors held a $233 million stake in CNH Industrial N.V. (NYSE:CNHI) during the fourth quarter of last year, by owning 9.9 million shares of the company. Insider Monkey scanned 924 hedge fund holdings during Q4 2021 and learned that 35 had also held a stake in the company.

CNH Industrial N.V. (NYSE:CNHI) posted $9 billion in revenue and $0.25 in non-GAAP EPS for its fiscal Q4, beating analyst estimates for both. JPMorgan raised its price target to $20 from $19 in March 2022 and kept an Overweight rating on the shares.

CNH Industrial N.V. (NYSE:CNHI)’s largest investor is Natixis Global Asset Management’s Harris Associates which owns 97.9 million shares worth $1.9 billion.

Oakmark Funds mentioned the company in its fourth quarter 2021 investor letter. Here is what the fund said:

“Despite ongoing concerns about supply shortages, CNH Industrial (U.K.) was a top contributor to the Fund’s performance for the quarter. In November, the global agricultural and construction equipment manufacturer reported excellent third-quarter results, highlighted by strong organic growth and margin expansion. Within the company’s largest division, agricultural equipment, sales trended ahead of expectations as CNH benefited from rising farmer incomes, low channel inventory levels and aging fleets that farmers are looking to upgrade with enhanced technology. Net pricing in this segment was strongly positive and more than offset rising cost inflation. During the quarter, CNH shareholders approved the spin-off of its “on-highway” business, Iveco Group. CNH shares began trading without Iveco in early January. We believe the separation made strategic and financial sense and will allow for increased focus and value creation.”

Disclosure: None. You can also take a peek at 10 Best Stocks for Animal Lovers and 10 Best Dividend Stocks for College Students.

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