5 Best Automation Stocks For 2021

4. ABB Ltd (NYSE: ABB)

Number of Hedge Fund Holders: 8
Market Cap: $66.69 billion

ABB Ltd is a Swedish-Swiss multinational corporation which is highly regarded as one of the best automation stocks today. Founded in 1883, the company is headquartered in Zurich and primarily operates in robotics, power heavy electrical equipment, as well as automation technologies. ABB is at the forefront of next-generation manufacturing equipment and recently made news for its latest satellite-mounted optical equipment that can measure the level of greenhouse gases in the atmosphere. The company has a strong robotics and discrete automation segment which develops industrial robots, robotic solutions and systems, field services, and digital services. ABB Ltd also has a strategic collaboration with International Business Machines Corporation (NYSE: IBM). In the fiscal year of 2020, the company reported a total revenue of $26.13 billion. In 2021, ABB had a high first quarter margin of 13.8% and it registered order growth of 6% in 2020 as compared to 2019. The EPS is $2.44 as reported by Yahoo Finance. According to ABB’s latest quarterly report, the Operational EBITA margin for the Group is expected to significantly improve year-on-year, to approximately 14%. All business areas are expected to increase their margin by more than 100 basis points which is in line towards the company’s 2023 targets. The sales growth for the next quarter of 2021 is expected to be 11.10%. The company seems to be on track to be one of the best automation stocks for 2021.

Our database shows that 8 hedge funds held stakes in ABB as of the end of the fourth quarter of 2020, versus 13 funds in the third quarter.