5 Best Home Appliances Stocks to Buy

In this piece, we will take a look at the five best home appliance stocks to buy. If you want to take a look at more stocks, then head on to 10 Best Home Appliances Stocks to Buy. If interested, you can subscribe to our free daily newsletter by entering your email address below to find out which stocks hedge funds are buying on a daily basis:

5. Modine Manufacturing Company (NYSE:MOD)

Number of Hedge Fund Holders: 13

Modine Manufacturing Company (NYSE:MOD) is an American company that sells heating products. These include furnaces, perimeter heating products, cabinet unit heaters, and fin tube radiators. The company is headquartered in Racine, Wisconsin.

Modine Manufacturing Company (NYSE:MOD) is one of the cheaper home appliance companies, with its forward price to adjusted operating cash flow ratio of 7.5 and enterprise value to operating income ratio of 6.4 both down from the 2022 readings. The company also posted a strong bottom line in its first quarter, with its net income of $14 million growing strongly over the year ago quarter’s $2.3 million.

Modine Manufacturing Company (NYSE:MOD)’s shares have appreciated by almost 68% on the stock market this year, and Insider Monkey’s June quarter of 2022 survey of 895 hedge funds revealed that 13 had held a stake in the company.

Out of these, Mario Gabelli’s GAMCO Investors is Modine Manufacturing Company (NYSE:MOD)’s largest investor. It owns 3.2 million shares that are worth $33 million.

4. Whirlpool Corporation (NYSE:WHR)

Number of Hedge Fund Holders: 24

Whirlpool Corporation (NYSE:WHR) sells several kinds of home appliances such as washing machines, ice makers, water filters, freezers, and refrigerators. The firm is based in Benton Harbor, Michigan.

Whirlpool Corporation (NYSE:WHR), like several other firms, is currently facing a normalization of its sales in the wake of coronavirus aided boost that saw consumers use their stimulus checks to buy products. The firm is also winding down its European operations, with the sales expected to net it $2 billion in cash. At the same time, Whirlpool Corporation (NYSE:WHR) is also slated to acquire the world’s largest manufacturer of food waste disposers and hot water dispensers, with the sale expected to add $1.25 to its earnings per share and $100 million in free cash flow.

Whirlpool Corporation (NYSE:WHR) also pays a $1.75 dividend for a 5.33% yield. By the end of this year’s June quarter, 24 out of the 895 hedge funds polled by Insider Monkey had invested in the firm.

Whirlpool Corporation (NYSE:WHR)’s largest investor is Edgar Wachenheim’s Greenhaven Associates which owns 3.8 million shares that are worth $438 million.

 3. Watsco, Inc. (NYSE:WSO-B)

Number of Hedge Fund Holders: 25

Watsco, Inc. (NYSE:WSO-B) sells products such as ducted and ductless residential air conditioners, replacement compressors, evaporator coils, and furnaces. The company is headquartered in Miami, Florida, the United States.

Watsco, Inc. (NYSE:WSO-B) is on a record breaking spree, with the firm’s third quarter earnings revealing it had grown its revenue to $2 billion by 14% and operating income to $236 million for another 14% growth. At the same time, its revenue for the first nine months of the year stood at $5.7 billion, as it marked yet another record through a 19% growth. Finally, to top things off, the operating income for the nine months stood at $694 – another all time high reading that came through a massive 37% growth.

Watsco, Inc. (NYSE:WSO-B) pays a $2.2 dividend for a 3.63% yield. Insider Monkey’s second quarter of 2022 survey outlined that 25 out 895 hedge funds had owned a stake in the company.

Watsco, Inc. (NYSE:WSO-B)’s largest investor is Tom Gayner’s Markel Gayner Asset Management which owns 443,750 shares that are worth $105 million.

2. Spectrum Brands Holdings, Inc. (NYSE:SPB)

Number of Hedge Fund Holders: 32

Spectrum Brands Holdings, Inc. (NYSE:SPB) is one of the more renowned home appliances brands in the world, as it sells its products through popular brands such as Black & Decker and Remington. The company is headquartered in Middleton, Wisconsin.

Spectrum Brands Holdings, Inc. (NYSE:SPB) is also among the stable companies in the industry as it has a strong brand portfolio that brings consistent operating income. This implies that the firm’s current free cash flow per share of 5.4x and post capital operating income of 7.7x are low, especially as a free cash flow multiple ranging between 10x to 12x is more normative.

Spectrum Brands Holdings, Inc. (NYSE:SPB) pays a 42 cent dividend for a 4% yield. By the end of this year’s second quarter, 32 out of the 895 hedge funds polled by Insider Monkey had invested in the firm.

1. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 252

Amazon.com, Inc. (NASDAQ:AMZN) is one of the largest technology companies in the world, which has over the years also diversified its business to include home appliances. These include its own smart speaker called Alexa, a reading tablet called Kindle, and even a home robot called Astro.

Amazon.com, Inc. (NASDAQ:AMZN)’s Astro robot is one of the few of its kind in the world and it is capable of several features such as home monitoring, security, and providing companionship. The firm’s Alexa smart speaker uses machine learning to decipher commands and deliver results and responses to queries. Alongside Alexa and Astro, Amazon.com, Inc. (NASDAQ:AMZN) also offers another smart speaker called Echo.

Insider Monkey’s Q2 2022 survey of 895 hedge funds revealed that 252 had owned Amazon.com, Inc. (NASDAQ:AMZN)’s shares.

Out of these, Ken Fisher’s Fisher Asset Management is Amazon.com, Inc. (NASDAQ:AMZN)’s largest investor through a $5.1 billion stake that comes via 48 million shares.

Disclosure: None. You can also take a look at Why These 10 Stocks Were in the Spotlight This Week and 10 Best Stocks to Buy According to Billionaire Dan Loeb.

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