[ad_1] The post Top Industrial Stocks for 2021: Here Are Some of the Best Industrial Stocks to Put On Your Watchlist appeared first on Millennial Money. The industrial sector is a behemoth of an investing category that includes a wide variety of companies that may not seem to fit in the same investing universe. Consider that logistics and shipping giant FedEx (FDX) is a major industrial stock, as well as construction equipment company Caterpillar (CAT). But glass company Corning (GLW) and airline stalwart Delta Airlines (DAL) fit into this broad category as well. These very different companies fall into subsectors of the broader industrial sector—which can include aerospace, commercial and professional services, industrial machinery, etc.—because they offer key elements that define the sector, including manufacturing, transportation, and commercial services. With such a broad group of stocks in the industrial sector, it’s no surprise that many investors are drawn to its outsized opportunities. And while investors can certainly find good long-term investments here, they should also know upfront that the industrial sector can be very cyclical and companies are often dependent on large sums of capital to get new projections up and running. Still, the industrial sector offers a unique angle to benefit from when the economy is booming and services are in high demand. And with the U.S. economy emerging from the coronavirus pandemic and the Biden administration looking to spend billions of dollars in new infrastructure construction in the coming years, now could be a great time to consider buying industrial stocks. Below are a mix of industrial stocks that are either very established in their industry or growing so fast that investors should pay attention to them—and all of them have share price gains that are trending higher than the S&P 500 over the past five years (as of Aug. 27, 2021). 5 Top Industrial Stocks Here are the best 5 industrial stocks in 2021. Waste Management Louisiana-Pacific Corp. Deere & Company Generac Holdings Inc. Caterpillar Waste Management (NYSE: WM) Waste Management (NYSE:WM) Market Cap: 65,325,083,991 document.addEventListener(“DOMContentLoaded”, function(event) { Highcharts.stockChart(“stockChart-439d1bd11d094d58e6134d4eb069e6c2”,{rangeSelector:{selected:1},title:{text:”Waste Management (NYSE:WM)Closing Stock Price”},subtitle: {text: “30-Day Historical Data”},navigator: { enabled: false },scrollbar: { enabled: false },credits: { enabled: false },xAxis: { type: “datetime”, labels: { formatter: function() { return Highcharts.dateFormat(“%m %d, %Y”, this.value); }}},colors: [“#118b4e”],rangeSelector : { enabled: false },series:[{name:”NYSE:WM”,data:[[1627876800000,147.27],[1627963200000,149.41],[1628049600000,148.86],[1628136000000,148.33],[1628222400000,147.84],[1628481600000,147.23],[1628568000000,146.98],[1628654400000,149.13],[1628740800000,150.08],[1628827200000,150.61],[1629086400000,151.93],[1629172800000,151.7],[1629259200000,149.56],[1629345600000,151.62],[1629432000000,152.94],[1629691200000,151.76],[1629777600000,152.39],[1629864000000,152.83],[1629950400000,153.6],[1630036800000,154.15],[1630296000000,155.13],],tooltip:{valueDecimals:2,xDateFormat: “%A, %B %e, %Y”}}]}); }); Waste Management is knee-deep in North America’s waste business—and that’s been a very good thing for the company and its investors. The company says it serves more than 20 million residential and industrial customers for waste collection, transfer, recycling, and disposal. In the second quarter of 2021, revenue jumped nearly 26% from the year-ago quarter, thanks in part to the company’s $4.6 billion acquisition of Advanced Disposal. Waste Management’s adjusted operating earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 28% and the company generated more than $1 billion in cash from operations. The company holds about 34% of the waste management market in the United States (its closest competitor has just 20%). When you combine this strong position with the company’s impressive growth, it’s no surprise that Waste Management’s stock has climbed 141% over the past five years, outpacing the S&P 500’s gains of 108%. Louisiana-Pacific Corp. (NYSE: LPX) Louisiana-Pacific (NYSE:LPX) Market Cap: 6,222,060,567 document.addEventListener(“DOMContentLoaded”, function(event) { Highcharts.stockChart(“stockChart-82883d4e725db9a9652818ce130d16ea”,{rangeSelector:{selected:1},title:{text:”Louisiana-Pacific (NYSE:LPX)Closing Stock Price”},subtitle: {text: “30-Day Historical Data”},navigator: { enabled: false },scrollbar: { enabled: false },credits: { enabled: false },xAxis: { type: “datetime”, labels: { formatter: function() { return Highcharts.dateFormat(“%m %d, %Y”, this.value); }}},colors: [“#118b4e”],rangeSelector : { enabled: false },series:[{name:”NYSE:LPX”,data:[[1627876800000,54],[1627963200000,55.32],[1628049600000,55.34],[1628136000000,55.39],[1628222400000,56.94],[1628481600000,55.97],[1628568000000,57.82],[1628654400000,58.95],[1628740800000,60.43],[1628827200000,58.94],[1629086400000,57.83],[1629172800000,56.02],[1629259200000,57.4],[1629345600000,57.04],[1629432000000,58.44],[1629691200000,59.36],[1629777600000,60.39],[1629864000000,62.52],[1629950400000,62.81],[1630036800000,64.82],[1630296000000,65.34],],tooltip:{valueDecimals:2,xDateFormat: “%A, %B %e, %Y”}}]}); }); Louisiana-Pacific (LP) manufactures and sells a variety of building materials including siding, engineered wood products, laminated veneer lumber, Oriented Strand Board (OSB), and much more. The company is emerging strong from the pandemic and in the most recent quarter (reported on Aug. 3, 2021) the company’s sales skyrocketed more than 140% to a record high of $1.3 billion and adjusted EBITDA reached a new high of $684 million. In fact, the company’s sales growth exploded in the first six months of 2021, more than doubling revenue from the same period in 2020. Some of those impressive percentage growth rates come as the company experienced a slowdown in sales at the height of the pandemic, but LP is optimistic that the third quarter of 2021 will still result in impressive EBITDA of $530 million—which would be its second-highest quarter after setting a new record with its second-quarter 2021 results. One thing investors will be fond of with this stick is the fact that LP’s price-to-earnings ratio is just 5.4 right now, making its shares cheaper relative to other industrial stocks. Additionally, the company’s share price has more than doubled the S&P 500’s gains over the past five years. Deere & Company (NYSE: DE) Deere & Company (NYSE:DE) Market Cap: 118,133,423,118 document.addEventListener(“DOMContentLoaded”, function(event) { Highcharts.stockChart(“stockChart-7c7dfc8b3c2591d706f8fb22fce1f4a5”,{rangeSelector:{selected:1},title:{text:”Deere & Company (NYSE:DE)Closing Stock Price”},subtitle: {text: “30-Day Historical Data”},navigator: { enabled: false },scrollbar: { enabled: false },credits: { enabled: false },xAxis: { type: “datetime”, labels: { formatter: function() { return Highcharts.dateFormat(“%m %d, %Y”, this.value); }}},colors: [“#118b4e”],rangeSelector : { enabled: false },series:[{name:”NYSE:DE”,data:[[1627876800000,355.95],[1627963200000,365.86],[1628049600000,360.67],[1628136000000,364.32],[1628222400000,366.88],[1628481600000,369.32],[1628568000000,376.62],[1628654400000,386.08],[1628740800000,385.62],[1628827200000,384],[1629086400000,383.03],[1629172800000,376.33],[1629259200000,371.61],[1629345600000,358.98],[1629432000000,351.43],[1629691200000,362.8],[1629777600000,367.98],[1629864000000,376.37],[1629950400000,379.81],[1630036800000,379.49],[1630296000000,381],],tooltip:{valueDecimals:2,xDateFormat: “%A, %B %e, %Y”}}]}); }); Deere & Company may be one of the most well-known agricultural equipment companies in the world, and as one of the leading manufacturers in this industry, it’s no wonder investors have been drawn to Deere’s stock. Deere has experienced very impressive growth recently, with sales spiking 29% in the third quarter of 2021 and earnings more than doubling compared to the year-ago quarter—both of which beat analysts’ consensus estimates. The results were so good that Deere’s management raised its net income outlook for the full year to $5.8 billion, at the midpoint of guidance. “Looking ahead, we expect demand for farm and construction equipment to continue benefiting from favorable fundamentals,” Deere CEO John May said in a press release. The company said that rising crop prices are helping to drive sales of its equipment. Additionally, the infrastructure bill that’s currently making its way through Congress could boost equipment sales