Global Capital Goods High ROE Growth Engines

ABB

Market Cap: CHF 142.1b

Provides electrification, motion, and automation solutions and products for customers in utilities, industry and transport, and infrastructure in Europe, the Americas, Asia, the Middle East, and Africa.

Safran

Market Cap: €133.8b

Engages in the aerospace and defense businesses in France, rest of Europe, the Americas, the Asia-Pacific, Africa, and the Middle East.

Siemens Energy

Market Cap: €124.1b

Operates as an energy technology company worldwide.

Fujikura

Market Cap: JP¥9.1t

Engages in telecommunication and power systems, electronic, and automotive products businesses in Japan, the rest of Asia, North America, Europe, and internationally.

Comfort Systems USA

Market Cap: US$57.9b

Provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States.

Fastenal

Market Cap: US$56.7b

Engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, and internationally.

WEG

Market Cap: R$216.9b

Produces and sells capital goods in Brazil and internationally.

EMCOR Group

Market Cap: US$34.1b

Provides electrical and mechanical construction and facilities, building, and industrial services in the United States and the United Kingdom.

Bharat Electronics

Market Cap: ₹3.0t

Designs, manufactures, and supplies electronic equipment and systems for the defense and civilian markets in India.

KONE Oyj

Market Cap: €25.8b

Engages in the elevator and escalator business worldwide.

Kongsberg Gruppen

Market Cap: NOK 263.2b

Provides high-tech systems and solutions primarily to customers in the defense markets.

Guangdong Dtech Technology

Market Cap: CN¥164.8b

Engages in the research and development, production, and sale of tools, materials, and equipment in China and internationally.

HD Hyundai Electric

Market Cap: ₩27.0t

Manufactures and sells electrical equipment in South Korea, North America, rest of Asia, the Middle East, Europe, and internationally.

Wärtsilä Oyj Abp

Market Cap: €17.3b

Offers technologies and lifecycle solutions for the marine and energy markets worldwide.

IHI

Market Cap: JP¥3.0t

Designs and builds engineering solutions in Japan, North America, Asia, Europe, and internationally.

Yangzijiang Shipbuilding (Holdings)

Market Cap: S$20.2b

An investment holding company, engages in shipbuilding activities in the Greater China, Canada, Japan, Italy, Greece, France, Bulgaria, United Kingdom, Singapore, Denmark, Switzerland, and internationally.

Ningbo Deye Technology Group

Market Cap: CN¥104.7b

Researches, designs, develops, produces, sells and services solar inverter systems, frequency conversion control systems, environmental electrical appliances, and heat exchangers in China.

Sterling Infrastructure

Market Cap: US$15.4b

Engages in the provision of e-infrastructure, transportation, and building solutions in the United States.

Cummins India

Market Cap: ₹1.4t

Engages in the design, manufacture, distribution, and service of engines, generator sets, and related technologies in India, Nepal, and Bhutan.

IES Holdings

Market Cap: US$13.7b

Designs and installs integrated electrical and technology systems and provides infrastructure products and services in the United States.

BELIMO Holding

Market Cap: CHF 10.4b

Engages in the development, production, and sale of damper actuators, control valves, sensors, and meters for heating, ventilation, and air conditioning systems (HVAC) in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

GE Vernova T&D India

Market Cap: ₹1.2t

Engages in power transmission and distribution business in India and internationally.

Plejd

Market Cap: €10.3b

A technology company, develops products and services for smart lighting, heating, and window covering in Sweden, Norway, Finland, the Netherlands, Germany, and internationally.

Siemens Energy India

Market Cap: ₹1.1t

Engages in energy business.

Nordex

Market Cap: €9.4b

Develops, manufactures, and distributes multi-megawatt onshore wind turbines in Europe, North America, Latin America, and internationally.

Sigenergy Technology

Market Cap: HK$82.4b

Develops and manufactures energy storage systems, inverters, and related smart energy solutions for residential, commercial, and industrial applications.

Goneo Group

Market Cap: CN¥70.1b

Provides electrical products.

Mazagon Dock Shipbuilders

Market Cap: ₹971.7b

Engages in the building and repairing of ships, submarines, vessels, and related engineering products in India and internationally.

Valmont Industries

Market Cap: US$9.3b

Operates as a manufacturer of products and services for infrastructure and agriculture markets in the United States, Australia, Brazil, and internationally.

Yutong BusLtd

Market Cap: CN¥61.7b

Manufactures and sells buses in China and internationally.

A. O. Smith

Market Cap: US$8.0b

Manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India.

RATIONAL

Market Cap: €6.7b

Engages in the development, production, and sale of cooking systems for industrial kitchens in Germany, Austria, Switzerland, United States, Canada, Mexico, China, Japan, and South Korea.

Powell Industries

Market Cap: US$6.6b

Designs, develops, manufactures, sells, and services custom-engineered equipment and systems.

Suzlon Energy

Market Cap: ₹624.7b

Manufactures and sells wind turbine generators and related components in India and internationally.

Argan

Market Cap: US$6.1b

Through its subsidiaries, provides engineering, procurement, construction, commissioning, maintenance, project development, and technical consulting services to the power generation market in the United States, Republic of Ireland, and the United Kingdom.

Everus Construction Group

Market Cap: US$6.1b

Provides contracting services in the United States.