The manufacturing industry plays a crucial role in any economy. Manufacturing firms produce goods and services used directly by consumers or further refined to create secondary goods like cars, clothing, and electronics. As a result, the manufacturing sector is an essential source of jobs. This article will explore some of the best industrial machinery stocks you can buy today. Each company on this list has demonstrated the potential to grow its earnings through new product launches, partnerships with other businesses, expansions into untapped markets, or similar strategies. As a result, these industrial machinery stocks could be excellent long-term investments for your portfolio.
RBC Bearings (ROLL)
RBC Bearings is a manufacturer and supplier of industrial bearings, mechanical seals, and specialty engineered equipment. Its products are used in various industries, including aerospace, oil and gas, process manufacturing, mining, wind and solar power, marine, agriculture, and more. RBC also sells a variety of products for aerospace and defense applications, including electric motor bearings, mechanical seals, and critical components for aircraft engines, aircraft landing systems, and military equipment. RBC’s services include product design, engineering, assembly, and after-sales support. That company is a reliable investment because it has a leading position in its industry. RBC has been producing bearings and seals since the 1930s. It currently has 19 manufacturing facilities across the United States, Canada, and Mexico. RBC also has a network of international distributors. This extensive network allows this company to serve its customers’ needs, including custom-made products.
Parker-Hannifin (PH)
Parker-Hannifin is a diversified industrial manufacturer best known for its aerospace and defense products. The company also produces process control systems such as valves, pumps, and sensors; specialty chemicals; and energy management systems, including energy storage and distribution systems. Parker’s products are used in various industries, such as healthcare, oil and gas, mining, and transportation. Parker generates around two-thirds of its annual sales from end markets outside the U.S. The company has three distinct business groups: aerospace and defense, energy, and process management. Parker has a strong brand presence worldwide. Its products are used in everything from passenger planes to military aircraft and vehicles. This company has a long history of technological innovations, including the first computer-controlled valve and the first fiber optic cable.
Stanley Black & Decker (SWK)
Stanley Black & Decker is a diversified industrial manufacturer that produces everything from hand tools to power tools, construction and mining equipment, security systems, and home appliances. In addition, this company has recreational products like sports equipment, games, and toys. Approximately three-quarters of Stanley’s annual sales come from outside the U.S. The company’s product offerings are divided into six industrial segments: construction, power, industrial, security, energy, and health. Stanley has a strong brand presence. It produces a wide variety of tools and equipment used daily by homeowners, contractors, and professionals.
EnPro Industries (NPO)
EnPro Industries manufactures and distributes industrial products in the oil and gas, chemical, process, and power industries. The company produces valves, pumps, and other equipment used in various applications, including transporting liquids and processing gases, liquids, and solids. EnPro’s products are used in electricity, natural gas, and oil transmission and distribution. The company has a geographically diversified customer base. It has manufacturing operations in the U.S., Mexico, and the U.K. EnPro has strong brand recognition in the industries it serves. In addition, the company has been a leader in its product lines for decades. As a result, EnPro is a reliable investment because it has a leading position in its industry. The company has been producing valves and other products since the 1940s. It currently has 14 manufacturing facilities across the U.S., Mexico, and the U.K.
Other Industrial Stocks
Companies like 3M, Dover, and General Electric are household names, but they also make some excellent industrial stocks worth considering. You might want to consider some other stocks when building your industrial stocks portfolio: Honeywell, Ingersoll-Rand, Lincoln Electric, Mitsubishi Electric, Siemens, and United Technologies. Industrial stocks can be a good choice for investors looking for steady long-term growth when growth in the broader economy is uncertain. Industrial businesses are sensitive to changes in the economic climate, but they can also benefit from those changes. Strong economic growth can lead to rising demand for industrial goods and services. Weak economic growth can also help industrial companies, as businesses can turn to industrial suppliers for cost-cutting solutions.
Conclusion
Industrial machinery stocks are an exciting investment opportunity, and there are plenty of great stocks to choose from. With the right strategy, investors can benefit from the long-term growth this industry expects over the next several years. This article has explored some of the best industrial stocks you can buy today.
