5 Best Industrial Stocks To Buy Now

3. 3M Company (NYSE:MMM)

Number of Hedge Fund Holders: 54 

3M Company (NYSE:MMM) operates as a diversified technology company worldwide. It is one of the major industrial stocks to invest in. On September 08, Wells Fargo analyst Joseph O’Dea kept an Equal Weight rating on 3M Company (NYSE:MMM) stock and lowered the price target to $125 from $144, remarking that the insolvency court’s denial of a prior instruction to the MDL trials against the firm was not viewed as a big surprise. The Equal Weight rating was given after hosting an expert call with Georgetown law professor Adam Levitin to discuss recent developments in the Combat Arms case.

In its Q2 2022 investor letter, Mayar Capital, an asset management firm, highlighted a few stocks and 3M Company (NYSE:MMM) was one of them. Here is what the fund said:

“We also bought back into 3M (NYSE:MMM) as the stock reached attractive levels. We’d sold our shares in 3M last year when the price exceeded our estimated fair value, and as better opportunities to invest in presented themselves at the time. Nonetheless, we’ve always liked this business with its diversified revenues, its R&D leadership and its stable margins.”