Top 5 Automation Companies in the US

In this piece, we will take a look at the top five automation companies in the U.S. For more companies, head on over to Top 15 Automation Companies in the U.S.

5. ABB Ltd (NYSE:ABB)

Market Capitalization as of December 6, 2022: $57.2 billion

ABB Ltd (NYSE:ABB) is a Swiss industrial company that sells its products in its home country and internationally, including the United States. The firm is based in Zurich, Switzerland.

ABB Ltd (NYSE:ABB) operates through different business segments, including one which sells robotics and automation equipment. The products are industrial robots, other robotic solutions, field software, servo motion, and machine vision equipment. Some examples of ABB Ltd (NYSE:ABB)’s robotics are industrial, autonomous, and collaborative robots.

16 out of the 920 hedge funds part of Insider Monkey’s Q3 2022 survey had bought ABB Ltd (NYSE:ABB)’s shares.

ABB Ltd (NYSE:ABB)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 20.6 million shares that are worth $530 million.

4. Emerson Electric Co. (NYSE:EMR)

Market Capitalization as of December 6, 2022: $59.93 billion

Emerson Electric Co. (NYSE:EMR) is an American firm that is headquartered in St. Louis, Missouri, and was set up in 1890.

Emerson Electric Co. (NYSE:EMR)’s Automation Solutions business segment provides a mix of 11 different hardware and software solutions. These allow companies to operate fluid control systems, manage their assets, and conduct a variety of different operations such as welding and assembly.

Insider Monkey studied 920 hedge funds for their third quarter of 2022 investments to determine that 48 had held a stake in Emerson Electric Co. (NYSE:EMR).

Emerson Electric Co. (NYSE:EMR)’s largest shareholder in our database is D.E. Shaw’s D E Shaw which owns 1.9 million shares that are worth $144 million.

3. General Electric Company (NYSE:GE)

Market Capitalization as of December 6, 2022: $93.25 billion

General Electric Company (NYSE:GE) is an American industrial company with global operations across several industries such as power, healthcare, and aviation.

General Electric Company (NYSE:GE)’s power division provides a variety of different automation products. The firm has roughly 4,500 automation systems that are deployed all over the world in steam power plants. These enable users to manage downtime, perform consistent upgrades, and ensure that all facilities are up to date.

By the end of this year’s September quarter, 53 of the 920 hedge funds surveyed by Insider Monkey had invested in General Electric Company (NYSE:GE).

Richard S. Pzena’s Pzena Investment Management is General Electric Company (NYSE:GE)’s largest hedge fund investor through an $851 million stake that comes via 13.7 million shares.

2. Intuitive Surgical, Inc. (NASDAQ:ISRG)

Market Capitalization as of December 6, 2022: $94.03 billion

Intuitive Surgical, Inc. (NASDAQ:ISRG) is a robotics company that caters exclusively to the needs of the healthcare segment. The firm is based in Sunnyvale, California.

Intuitive Surgical, Inc. (NASDAQ:ISRG)’s DaVinci platform is the leading robotic surgery assistant in the world. DaVinci not only allows surgeons to conduct complex surgeries in a minimally invasive manner, but it also expands its portfolio to include other medical operations as well such as biopsies.

69 of the 920 hedge fund portfolios for Q3 2022 that were analyzed by Insider Monkey had held a stake in Intuitive Surgical, Inc. (NASDAQ:ISRG).

Intuitive Surgical, Inc. (NASDAQ:ISRG)’s largest shareholder is Ken Fisher’s Fisher Asset Management which owns 4.2 million shares that are worth $796 million.

1. Honeywell International Inc. (NASDAQ:HON)

Market Capitalization as of December 6, 2022: $142.78 billion

Honeywell International Inc. (NASDAQ:HON) is one of the leading aerospace and defense companies in the world. It also caters to the needs of the construction and industrial equipment industries.

Automation is central to Honeywell International Inc. (NASDAQ:HON)’s operations as the firm requires precise manufacturing and production alongside high output. It has automated several of its crucial processes such as welding. Welding is very important for Honeywell International Inc. (NASDAQ:HON) because it has to be done to exact aerospace specifications and skilled technicians are often hard to find.

Insider Monkey profiled 920 hedge funds for their September quarter of 2022 investments to discover that 53 had bought Honeywell International Inc. (NASDAQ:HON)’s shares.

Honeywell International Inc. (NASDAQ:HON)’s largest investor is Ric Dillon’s Diamond Hill Capital which owns 1.1 million shares that are worth $190 million.

Disclosure: None. You can also take a peek at 15 Best Cybersecurity Stocks To Buy and 12 Very High-Yield Dividend Stocks To Buy Now.

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