13 Best Manufacturing Stocks to Buy Right Now

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7. Cummins Inc. (NYSE:CMI)

Number of Hedge Fund Holders: 59

Cummins Inc. (NYSE:CMI), a global leader in power solutions spanning diesel, natural gas, electric, and hybrid technologies, is strengthening its push into clean energy through new strategic partnerships and shareholder-focused initiatives. The company operates across five segments, Engine, Components, Distribution, Power Systems, and Accelera by Cummins, under its Destination Zero strategy to drive decarbonization.

In September 2025, Cummins Inc. (NYSE:CMI) signed a memorandum of understanding with Komatsu Ltd. to co-develop hybrid powertrains for heavy mining equipment, with Wabtec providing drive systems. This collaboration highlights the corporation’s commitment to low-emission, electrified solutions and its broader role in transitioning heavy industries toward sustainable energy.

The business also raised its quarterly dividend by 10% to $2.00 per share, payable in September, marking 16 consecutive years of dividend growth and reflecting confidence in strong cash flow.

Financial results for Q2 2025 were mixed, with revenue declining 2% year-over-year to $8.6 billion, while net income rose to $890 million. Despite cyclical softness in truck markets, Cummins Inc. (NYSE:CMI) has benefited from rising demand in power generation and backup systems, particularly from data centers. Investor sentiment remains positive, with the stock trending upward and reinforcing its standing among the best manufacturing stocks as the company advances its clean energy transition.

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