Below you can find our list of the 5 best infrastructure stocks to buy now according to hedge funds. For a more comprehensive list, please see 12 best infrastructure stocks to buy now.
5. Rockwell Automation, Inc (NYSE:ROK)
No of HFs: 44
Total Value of HF Holdings: $521 Million
Rockwell Automation, Inc. provides industrial automation and information technology. During the second quarter of fiscal 2020, sales were $1,394.0 million, down 16.3 percent from $1,655.1million in the third quarter of fiscal 2019.
Amana Mutual Funds is bullish on ROK. “As its name implies, Rockwell has significant exposure to industrial automation, an arena that should provide a steadily growing market over the coming years,” the investment firm said in its Q1 letter. In an article, we mentioned what smart money thinks about Rockwell Automation, Inc.
“The largest stake in Rockwell Automation Inc. (NYSE:ROK) was held by Impax Asset Management, which reported holding $77 million worth of stock at the end of September. It was followed by Suvretta Capital Management with a $67.1 million position. Other investors bullish on the company included Nitorum Capital, GAMCO Investors, and Markel Gayner Asset Management. In terms of the portfolio weights assigned to each position Heathbridge Capital Management allocated the biggest weight to Rockwell Automation Inc. (NYSE:ROK), around 4.27% of its 13F portfolio. Bourgeon Capital is also relatively very bullish on the stock, dishing out 2.75 percent of its 13F equity portfolio to ROK.”