According to
Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best tool & accessory stocks to buy right now are:
1. Lincoln Electric Holdings (NASDAQ:LECO)
The Component Grade breakdown for Lincoln Electric Holdings (NASDAQ:LECO) is: Value: C, Growth: C, Momentum: C, Sentiment: B, Safety: A, Financials: A, and AI: C.
Lincoln Electric Holdings (NASDAQ:LECO) has a Due Diligence Score of 51, which is 15 points higher than the tool & accessory industry average of 36.
LECO passed 19 out of 38 due diligence checks and has strong fundamentals. Lincoln Electric Holdings has seen its stock lose -26.75% over the past year, underperforming other tool & accessory stocks by -20 percentage points.
Lincoln Electric Holdings has an average 1 year
price target of $213.40, an upside of 23.88% from Lincoln Electric Holdings's current stock price of $172.26.
Lincoln Electric Holdings stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Lincoln Electric Holdings, 60% have issued a Strong Buy rating, 0% have issued a Buy, 20% have issued a hold, while 0% have issued a Sell rating, and 20% have issued a Strong Sell.
2. Eastern Co (NASDAQ:EML)
Eastern Co (NASDAQ:EML) is the #2 top tool & accessory stock out of 10 with a Zen Rating of B. Stocks with a rating of B have had an average return of +19.88% per year.
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The Component Grade breakdown for Eastern Co (NASDAQ:EML) is: Value: A, Growth: D, Momentum: C, Sentiment: C, Safety: B, Financials: B, and AI: C.
Eastern Co (NASDAQ:EML) has a Due Diligence Score of 16, which is -20 points lower than the tool & accessory industry average of 36. Although this number is below the industry average, our proven quant model rates EML as a "B".
EML passed 6 out of 38 due diligence checks and has weak fundamentals. Eastern Co has seen its stock lose -36.85% over the past year, underperforming other tool & accessory stocks by -30 percentage points.
3. Stanley Black & Decker (NYSE:SWK)
The Component Grade breakdown for Stanley Black & Decker (NYSE:SWK) is: Value: B, Growth: B, Momentum: C, Sentiment: C, Safety: C, Financials: C, and AI: C.
Stanley Black & Decker (NYSE:SWK) has a Due Diligence Score of 35, which is -1 points lower than the tool & accessory industry average of 36. Although this number is below the industry average, our proven quant model rates SWK as a "B".
SWK passed 12 out of 38 due diligence checks and has average fundamentals. Stanley Black & Decker has seen its stock lose -36.91% over the past year, underperforming other tool & accessory stocks by -30 percentage points.
Stanley Black & Decker has an average 1 year
price target of $104.14, an upside of 84.75% from Stanley Black & Decker's current stock price of $56.37.
Stanley Black & Decker stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Stanley Black & Decker, 42.86% have issued a Strong Buy rating, 14.29% have issued a Buy, 42.86% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.