In a recent article, Usman Kabir of Insider Monkey listed the top five automation stocks to buy. These are:
- Teradyne, Inc.;
- Alteryx Inc;
- Emerson Electric Co.;
- Honeywell International Inc.; and
- Intuitive Surgical Inc.
Start with the Massachusetts-based company, Teradyne, Inc. (NASDAQ:TER), a leading provider of automatic test equipment. The firm recently received a “Hold” rating from Deutsche Bank who also raised the price target on its stock from $95 to $100. Among the hedge fund holders, ARK Investment Management is a significant shareholder with over 1.4 million shares worth more than $142 million.
Next on the list is Alteryx Inc. (NYSE: AYX). Unfortunately, specific details about their recent performance or shareholding composition were not provided in the original article.
Emerson Electric Co. (NYSE: EMR) follows as a significant player in the automation sector. Just like Alteryx, the article did not provide specific details on Emerson’s recent performance or shareholding details.
Further, Honeywell International Inc. (NASDAQ: HON), a well-known brand in the automation and digital transformation industry, finds a position in the top five.
Lastly, the article identifies Intuitive Surgical Inc. (NASDAQ: ISRG) as a promising automation investment.
The details provided in the original article are limited, and potential investors may require additional research to make informed decisions. These five companies are, however, noted for their performance in the automation industry.