5 Best Industrial Stocks to Buy Now

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Below we presented the list of 5 Best Industrial Stocks to Buy Now. For our detailed discussion and a more comprehensive list please see 12 Best Industrial Stocks to Buy Now.

5. Accenture Plc (NYSE:ACN)

No of HFs: 46

Total Value of HF Holdings: $1.14 Billion

The top hedge fund holder of this stock is Cliff Asness’ AQR Capital Management which had $293 million invested in the stock at the end of September. In Aoris Investment Management’s Q1 2020 investor letter, they talked about the stock.

“Accenture is the world’s largest IT consulting and outsourcing company. It has $6 billion of cash on its balance sheet and negligible debt. It has unusually stable management, with an average tenure of the top 5000 executives of 15 years. Accenture has an outstanding record over the last decade of consistently taking market share, drawing on its enormous benefits of size and scale and leadership.

Over the next 6–18 months, some of Accenture’s consulting engagements will likely be deferred. On the other hand, many of Accenture’s large private and public sector clients will emerge from this period with new problems to be solved, such as the IT infrastructure to better enable safe and productive working from home in the future. We expect Accenture to take market share at an accelerating rate and have additional opportunities for sensible bolt-on acquisitions that add discrete capabilities.”

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