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7 top conglomerate stocks to buy in 2024

Ready to invest in the multinational business industry? Learn how to invest in conglomerate stocks in just a few steps.

The best conglomerate stocks depend on your portfolio and investment goals — while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

The top multinational business stocks included on this page all trade on the S&P 500, have an analyst recommendation of "Buy" or better and are sorted by year-to-date performance.

  1. Berkshire Hathaway (BRK-B)
  2. Honeywell International (HON)
  3. 3M Company (MMM)
  4. Seaboard Corporation (SEB)
  5. India Globalization Capital (IGC)
  6. GE Aerospace (GE)
  7. Siemens AG ADR (SIEGY)

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How to invest in conglomerate stocks

  1. Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps of 2024.
  2. Sign up for an account. Provide your personal information and sign up.
  3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
  4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like BRK-B or HON.
  5. Place your order. Buy the stock. It's that simple.

Take a deeper dive into conglomerate stocks

If you're interested in investing in the multinational business industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn't guarantee that a stock will continue to rise in the future.

1. Berkshire Hathaway (BRK-B)

Berkshire Hathaway Inc. , through its subsidiaries, engages in the insurance, freight rail transportation, and utility businesses worldwide. The company provides property, casualty, life, accident, and health insurance and reinsurance; and operates railroad systems in North America.

Berkshire Hathaway stock opened the day at $470.00 after a previous close of $468.86. The latest price was $468.83 (25-minute delay). Berkshire Hathaway is listed on the NYSE, has a trailing 12-month revenue of around USD369.9 billion and employs 396,500 staff.

  • Market capitalization: $1,014,436,331,520
  • P/E ratio: 9.5064
  • PEG ratio: 10.0559

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2. Honeywell International (HON)

Honeywell International Inc. engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.

Honeywell International stock opened the day at $227.24 after a previous close of $228.20. The latest price was $226.67 (25-minute delay). Honeywell International is listed on the NASDAQ, has a trailing 12-month revenue of around USD$37.9 billion and employs 95,000 staff.

  • Market capitalization: $148,900,052,992
  • P/E ratio: 26.4423
  • PEG ratio: 1.9014

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3. 3M Company (MMM)

3M Company provides diversified technology services in the United States and internationally. The company's Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles. Its Transportation and Electronics segment provides ceramic solutions; attachment/bonding products, films, sound, and temperature management for transportation vehicles; premium large format graphic films for advertising and fleet signage; light management films and electronics assembly solutions; packaging and interconnection solutions; semiconductor production materials; data centers solutions; and reflective signage for highway, and vehicle safety.

3M Company stock opened the day at $128.00 after a previous close of $128.19. The latest price was $127.84 (25-minute delay). 3M Company is listed on the NYSE, has a trailing 12-month revenue of around USD$32.6 billion and employs 85,000 staff.

  • Market capitalization: $71,582,277,632
  • P/E ratio: 13.5655
  • PEG ratio: 1.9045

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4. Seaboard Corporation (SEB)

Seaboard Corporation, together with its subsidiaries, operates as an agricultural and ocean transportation company worldwide. It operates through six segments: Pork, Commodity Trading and Milling (CT&M), Marine, Sugar and Alcohol, Power, and Turkey. The Pork segment produces and sells pork products to further processors, food service operators, grocery stores, and distributors; hogs; and biodiesel.

Seaboard Corporation stock opened the day at $2,645.45 after a previous close of $2,673.85. The latest price was $2,656.12 (25-minute delay). Seaboard Corporation is listed on the NYSE MKT, has a trailing 12-month revenue of around USD$8.9 billion and employs 12,847 staff.

  • Market capitalization: $2,626,810,624
  • PEG ratio: 0

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5. India Globalization Capital (IGC)

IGC Pharma, Inc. , a clinical stage pharmaceutical company, engages in developing treatments for Alzheimer's disease. The company's lead product is IGC-AD1, which is in a Phase 2B clinical trial as a treatment for agitation in dementia due to Alzheimer's; and TGR-63, IGC-1C, IGC-M3, and LMP in pre-clinical development.

India Globalization Capital stock opened the day at $0.34 after a previous close of $0.34. The latest price was $0.33 (25-minute delay). India Globalization Capital is listed on the NYSE MKT, has a trailing 12-month revenue of around USD$1.1 million and employs 67 staff.

  • Market capitalization: $27,055,140
  • PEG ratio: 0

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6. GE Aerospace (GE)

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.

GE Aerospace stock opened the day at $178.10 after a previous close of $177.56. The latest price was $177.98 (25-minute delay). GE Aerospace is listed on the NYSE, has a trailing 12-month revenue of around USD$70 billion and employs 125,000 staff.

  • Market capitalization: $193,080,541,184
  • P/E ratio: 36.2602
  • PEG ratio: 1.9183

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7. Siemens AG ADR (SIEGY)

Siemens Aktiengesellschaft, a technology company, focuses in the areas of automation and digitalization in Europe, Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia. It operates through Digital Industries, Smart Infrastructure, Mobility, Siemens Healthineers, and Siemens Financial Services (SFS) segments. The Digital Industries segment provides automation systems and software for factories, numerical control systems, servo motors, drives and inverters, and integrated automation systems for machine tools and production machines; process control systems, machine-to-machine communication products, sensors and radio frequency identification systems; software for production and product lifecycle management, and simulation and testing of mechatronic systems; and the Mendix cloud-native low-code application development platform.

Siemens AG ADR stock opened the day at $93.30 after a previous close of $94.38. The latest price was $93.56 (25-minute delay). Siemens AG ADR is listed on the PINK, has a trailing 12-month revenue of around USD$78.6 billion and employs 309,000 staff.

  • Market capitalization: $154,575,306,752
  • P/E ratio: 18.7249
  • PEG ratio: 2.1102

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Bottom line

While it’s possible to turn a profit investing in conglomerate stocks, keep in mind that — like any investment — conglomerate stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the multinational business industry, so carefully vet your picks before you invest. And if you’re new to investing, or if it’s been awhile since you’ve taken a critical look at your investing accounts, compare brokers to make sure you’re getting the best features in your trading account.

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