5 Best Stocks to Buy According to Billionaire Mario Gabelli

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In this article, we discuss the 5 best stocks to buy according to billionaire Mario Gabelli. If you want to read our detailed analysis of these stocks, go directly to the 10 Best Stocks to Buy According to Billionaire Mario Gabelli.

5. Crane Co. (NYSE: CR)

Number of Hedge Fund Holders: 25    

Crane Co. (NYSE: CR) is ranked fifth on our list of 10 best stocks to buy according to billionaire Mario Gabelli. The firm markets engineered industrial products and is headquartered in Connecticut. GAMCO Investors, according to the latest filings, owned more than 1.5 million shares in the firm at the end of the second quarter of 2021, representing 1.18% of the portfolio. These shares are worth $140 million and GAMCO has trimmed stake in the company by 1% when compared to the filings for the first three months of 2021. 

On July 27, investment advisory DA Davidson maintained a Buy rating on Crane Co. (NYSE: CR) stock and raised the price target to $115 from $110, noting that the earnings beat of the firm in the second quarter was driven by strong organic sales growth. 

At the end of the second quarter of 2021, 25 hedge funds in the database of Insider Monkey held stakes worth $303 million in Crane Co. (NYSE: CR), up from 17 in the previous quarter worth $277 million.

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