5 Best Robotics Stocks To Buy Now

4. General Electric Company (NASDAQ:GE)

Number of Hedge Fund Holders: 76

General Electric Company (NASDAQ:GE) is a high-tech industrial company operating in Europe, China, Asia, the Americas, the Middle East, and Africa. The Robotics team at GE Research envisions service robots that collaborate closely with humans, handling tedious, dirty, and hazardous tasks. Intelligent industrial service robots are seen as the next significant industrial tool, amplifying human capabilities, enabling faster and safer operations in previously inaccessible areas, and possessing cognitive and physical abilities beyond our current imagination. General Electric Company (NASDAQ:GE) is one of the best robotics stocks to invest in. 

On January 23, General Electric Company (NASDAQ:GE) reported a Q4 non-GAAP EPS of $1.03 and a revenue of $19.4 billion, outperforming Wall Street estimates by $0.13 and $1.85 billion. 

According to Insider Monkey’s third quarter database, 76 hedge funds were bullish on General Electric Company (NASDAQ:GE), compared to 71 funds in the preceding quarter. Chris Hohn’s TCI Fund Management is the largest stakeholder of the company, with 41.65 million shares worth $4.60 billion. 

Longleaf Partners Fund stated the following regarding General Electric Company (NYSE:GE) in its fourth quarter 2023 investor letter:

“General Electric Company (NYSE:GE) – Industrial conglomerate General Electric (GE) was the top performer for the year. We exited this multi-year investment as its price went above our appraisal. In 1Q23, GE spun out GE Healthcare, which we sold as it traded at our value. The share price continued its strong performance throughout the spring and summer, and we ultimately sold the position in the third quarter when we no longer saw a margin of safety for the business. CEO Larry Culp was a great partner who created significant value for shareholders by reducing leverage, cutting costs, streamlining operations, improving company culture and simplifying the structure with plans to split the company into three businesses. We hope to have the opportunity to partner with him again in the future.”