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Best Tool & Accessory Stocks to Buy Now (2024)
Top tool & accessory stocks in 2024 ranked by overall Zen Score. See the best tool & accessory stocks to buy now, according to analyst forecasts for the tools & accessories industry.

Industry: Tools & Accessories
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
KMT
KENNAMETAL INC
NYSE
Tools & Accessories
$2.05B$26.00-0.04%$291.70M18.98x0.96
TKR
TIMKEN CO
NYSE
Tools & Accessories
$6.38B$90.63-0.18%$827.80M17.13x1.46
LECO
LINCOLN ELECTRIC HOLDINGS INC
NASDAQ
Tools & Accessories
$12.92B$226.97-0.57%$816.96M23.74x1.58
SNA
SNAP-ON INC
NYSE
Tools & Accessories
$14.71B$278.980.78%$1.47B14.39x0.49
TTC
TORO CO
NYSE
Tools & Accessories
$9.21B$88.24-0.59%$496.41M31.97x1.46
EML
EASTERN CO
NASDAQ
Tools & Accessories
$184.70M$29.632.21%$21.04M18.64x0.89
SCX
STARRETT L S CO
NYSE
Tools & Accessories
$121.41M$16.160.00%$25.88M9.51x0.43
RBC
RBC BEARINGS INC
NYSE
Tools & Accessories
$8.45B$289.288.12%$466.60M44.71x0.70
TBLT
TOUGHBUILT INDUSTRIES INC
NASDAQ
Tools & Accessories
$1.73M$3.041.33%-$42.11M-0.02x6.80
CVR
CHICAGO RIVET & MACHINE CO
NYSEMKT
Tools & Accessories
$15.94M$16.500.00%-$4.57M-3.53x0.10
SWK
STANLEY BLACK & DECKER INC
NYSE
Tools & Accessories
$13.87B$90.120.37%$972.00M-130.61x1.69
HLMN
HILLMAN SOLUTIONS CORP
NASDAQ
Tools & Accessories
$1.87B$9.540.10%$194.09M-954.00x1.04

Tool & Accessory Stocks FAQ

What are the best tool & accessory stocks to buy right now in May 2024?

According to Zen Score, the 3 best tool & accessory stocks to buy right now are:

1. Kennametal (NYSE:KMT)


Kennametal (NYSE:KMT) is the top tool & accessory stock with a Zen Score of 57, which is 20 points higher than the tool & accessory industry average of 37. It passed 20 out of 38 due diligence checks and has strong fundamentals. Kennametal has seen its stock lose -0.04% over the past year, underperforming other tool & accessory stocks by -10 percentage points.

Kennametal has an average 1 year price target of $24.33, a downside of -6.41% from Kennametal's current stock price of $26.00.

Kennametal stock has a consensus Sell recommendation according to Wall Street analysts. Of the 3 analysts covering Kennametal, 0% have issued a Strong Buy rating, 0% have issued a Buy, 66.67% have issued a hold, while 0% have issued a Sell rating, and 33.33% have issued a Strong Sell.

2. Timken Co (NYSE:TKR)


Timken Co (NYSE:TKR) is the second best tool & accessory stock with a Zen Score of 50, which is 13 points higher than the tool & accessory industry average of 37. It passed 17 out of 38 due diligence checks and has strong fundamentals. Timken Co has seen its stock return 20.5% over the past year, overperforming other tool & accessory stocks by 11 percentage points.

Timken Co has an average 1 year price target of $89.33, a downside of -1.43% from Timken Co's current stock price of $90.63.

Timken Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Timken Co, 33.33% have issued a Strong Buy rating, 11.11% have issued a Buy, 55.56% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Lincoln Electric Holdings (NASDAQ:LECO)


Lincoln Electric Holdings (NASDAQ:LECO) is the third best tool & accessory stock with a Zen Score of 49, which is 12 points higher than the tool & accessory industry average of 37. It passed 18 out of 38 due diligence checks and has strong fundamentals. Lincoln Electric Holdings has seen its stock return 34.21% over the past year, overperforming other tool & accessory stocks by 25 percentage points.

Lincoln Electric Holdings has an average 1 year price target of $239.60, an upside of 5.56% from Lincoln Electric Holdings's current stock price of $226.97.

Lincoln Electric Holdings stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Lincoln Electric Holdings, 40% have issued a Strong Buy rating, 20% have issued a Buy, 20% have issued a hold, while 0% have issued a Sell rating, and 20% have issued a Strong Sell.

What are the tool & accessory stocks with highest dividends?

Out of 8 tool & accessory stocks that have issued dividends in the past year, the 3 tool & accessory stocks with the highest dividend yields are:

1. Stanley Black & Decker (NYSE:SWK)


Stanley Black & Decker (NYSE:SWK) has an annual dividend yield of 3.58%, which is 1 percentage points higher than the tool & accessory industry average of 2.27%. Stanley Black & Decker's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Stanley Black & Decker's dividend has shown consistent growth over the last 10 years.

Stanley Black & Decker's dividend payout ratio of -468.1% indicates that its dividend yield might not be sustainable for the long-term.

2. Chicago Rivet & Machine Co (NYSEMKT:CVR)


Chicago Rivet & Machine Co (NYSEMKT:CVR) has an annual dividend yield of 3.15%, which is 1 percentage points higher than the tool & accessory industry average of 2.27%. Chicago Rivet & Machine Co's dividend payout is not stable, having dropped more than 10% seven times in the last 10 years. Chicago Rivet & Machine Co's dividend has not shown consistent growth over the last 10 years.

Chicago Rivet & Machine Co's dividend payout ratio of -11.1% indicates that its dividend yield might not be sustainable for the long-term.

3. Kennametal (NYSE:KMT)


Kennametal (NYSE:KMT) has an annual dividend yield of 3.08%, which is 1 percentage points higher than the tool & accessory industry average of 2.27%. Kennametal's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Kennametal's dividend has shown consistent growth over the last 10 years.

Kennametal's dividend payout ratio of 43.8% indicates that its dividend yield is sustainable for the long-term.

Why are tool & accessory stocks up?

Tool & accessory stocks were up 2.01% in the last day, and up 0.54% over the last week. Rbc Bearings was the among the top gainers in the tools & accessories industry, gaining 8.12% yesterday.

RBC Bearings shares are trading lower after the company reported Q4 financial results.

What are the most undervalued tool & accessory stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued tool & accessory stocks right now are:

1. Kennametal (NYSE:KMT)


Kennametal (NYSE:KMT) is the most undervalued tool & accessory stock based on WallStreetZen's Valuation Score. Kennametal has a valuation score of 71, which is 38 points higher than the tool & accessory industry average of 33. It passed 5 out of 7 valuation due diligence checks.

Kennametal's stock has dropped -0.04% in the past year. It has underperformed other stocks in the tool & accessory industry by -10 percentage points.

2. Starrett L S Co (NYSE:SCX)


Starrett L S Co (NYSE:SCX) is the second most undervalued tool & accessory stock based on WallStreetZen's Valuation Score. Starrett L S Co has a valuation score of 71, which is 38 points higher than the tool & accessory industry average of 33. It passed 5 out of 7 valuation due diligence checks.

Starrett L S Co's stock has gained 52.89% in the past year. It has overperformed other stocks in the tool & accessory industry by 43 percentage points.

3. Timken Co (NYSE:TKR)


Timken Co (NYSE:TKR) is the third most undervalued tool & accessory stock based on WallStreetZen's Valuation Score. Timken Co has a valuation score of 57, which is 24 points higher than the tool & accessory industry average of 33. It passed 4 out of 7 valuation due diligence checks.

Timken Co's stock has gained 20.5% in the past year. It has overperformed other stocks in the tool & accessory industry by 11 percentage points.

Are tool & accessory stocks a good buy now?

37.5% of tool & accessory stocks rated by analysts are a buy right now. On average, analysts expect tool & accessory stocks to rise by 3.96% over the next year.

What is the average p/e ratio of the tools & accessories industry?

The average P/E ratio of the tools & accessories industry is -32.28x.
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Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.