5 Best Heavy Equipment and Industrial Machinery Stocks to Buy

In this article, we will take a look at the 5 best heavy equipment and industrial machinery stocks to buy now. If you want to explore similar stocks, you can go to 10 Best Heavy Equipment and Industrial Machinery Stocks to Buy.

5. AGCO Corporation (NYSE:AGCO)

Number of Hedge Fund Holders: 31

AGCO Corporation (NYSE:AGCO) is a leading global manufacturer of agricultural equipment and machinery. As of April 28, the stock is trading at a TTM PE ratio of 10.44 and is offering a forward dividend yield of 0.94%. AGCO Corporation (NYSE:AGCO) is placed fifth on our list of the best heavy equipment and industrial machinery stocks to buy now.

On April 12, Deutsche Bank analyst Nicole Deblase revised her price target on AGCO Corporation (NYSE:AGCO) to $137 from $140 and reiterated a Hold rating on the shares.

31 hedge funds held stakes in AGCO Corporation (NYSE:AGCO) at the close of the fourth quarter of 2022. The total value of these stakes amounted to $462 million. As of December 31, Balyasny Asset Management is the largest shareholder in the company and has a stake worth $80.9 million.