5 Best Manufacturing Stocks To Buy Now

In this article, we discuss 5 best manufacturing stocks to buy now. If you want to read our detailed analysis of the manufacturing sector, head directly to 12 Best Manufacturing Stocks To Buy Now. 

5. Caterpillar Inc. (NYSE:CAT)

Number of Hedge Fund Holders: 52

Caterpillar Inc. (NYSE:CAT) is the largest construction equipment manufacturer in the world. It is one of the best manufacturing stocks to buy. On June 14, Caterpillar Inc. (NYSE:CAT) declared a $1.30 per share quarterly dividend, an 8.3% increase from its prior dividend of $1.20. The dividend is payable on August 18, to shareholders of record on July 20. 

According to Insider Monkey’s first quarter database, 52 hedge funds were bullish on Caterpillar Inc. (NYSE:CAT), compared to 50 funds in the prior quarter. Bill & Melinda Gates Foundation Trust is the biggest stakeholder of the company, with 7.35 million shares worth $1.68 billion. 

Diamond Hill Large Cap Strategy made the following comment about Caterpillar Inc. (NYSE:CAT) in its Q4 2022 investor letter:

“In the case of Caterpillar Inc. (NYSE:CAT), the company reported a better-than-expected Q3 as demand in mining, non-residential construction and energy remained healthy through the year even as recession fears grew. Caterpillar showed strong pricing power and operating efficiency in the face of supply chain constraints and labor shortages, which in turn contributed to better-than-expected share price performance.”