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Best Conglomerate Stocks to Buy Now (2024)
Top conglomerate stocks in 2024 ranked by overall Zen Score. See the best conglomerate stocks to buy now, according to analyst forecasts for the conglomerates industry.

Industry: Conglomerates
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
RCMT
RCM TECHNOLOGIES INC
NASDAQ
Conglomerates
$169.67M$21.37-0.28%$24.81M10.53x3.67
VMI
VALMONT INDUSTRIES INC
NYSE
Conglomerates
$4.61B$228.281.27%$396.49M33.33x1.52
HON
HONEYWELL INTERNATIONAL INC
NASDAQ
Conglomerates
$133.86B$205.250.06%$9.09B24.06x2.84
HHS
HARTE HANKS INC
NASDAQ
Conglomerates
$53.98M$7.480.13%$8.01M2.32x4.40
SPLP
STEEL PARTNERS HOLDINGS LP
NYSE
Conglomerates
$821.51M$39.652.40%$322.93M5.63x3.11
BBU
BROOKFIELD BUSINESS PARTNERS LP
NYSE
Conglomerates
$1.64B$22.10-0.25%$7.70B3.40x10.11
SEB
SEABOARD CORP
NYSEMKT
Conglomerates
$3.13B$3,223.921.09%$447.00M15.94x0.64
GFF
GRIFFON CORP
NYSE
Conglomerates
$3.74B$73.340.81%$270.06M50.93x7.40
CODI
COMPASS DIVERSIFIED HOLDINGS
NYSE
Conglomerates
$1.81B$24.070.12%$419.34M9.78x1.73
MDU
MDU RESOURCES GROUP INC
NYSE
Conglomerates
$5.13B$25.202.86%$802.09M12.35x1.70
MATW
MATTHEWS INTERNATIONAL CORP
NASDAQ
Conglomerates
$953.60M$31.081.54%$175.35M28.51x2.74
CRESY
CRESUD INC
NASDAQ
Conglomerates
$529.90M$8.934.32%-$14.70M4.29x2.80
MMM
3M CO
NYSE
Conglomerates
$58.62B$106.071.42%-$7.70B-8.40x9.51
TRC
TEJON RANCH CO
NYSE
Conglomerates
$412.79M$15.41-0.32%$10.39M128.42x0.20
ALPP
ALPINE 4 HOLDINGS INC
NASDAQ
Conglomerates
$18.90M$0.71-3.27%-$11.44M-0.88x1.34
EFSH
1847 HOLDINGS LLC
NYSEMKT
Conglomerates
$6.43M$2.034.10%$208.49k-0.06x23.36
FIP
FTAI INFRASTRUCTURE INC
NASDAQ
Conglomerates
$638.64M$6.281.29%$61.73M-3.53x3.39
TUSK
MAMMOTH ENERGY SERVICES INC
NASDAQ
Conglomerates
$174.51M$3.640.28%$70.44M-52.00x0.52
NNBR
NN INC
NASDAQ
Conglomerates
$233.04M$4.74-0.21%$19.39M-3.51x2.47
FBYD
FALCON's BEYOND GLOBAL INC
NASDAQ
Conglomerates
$1.40B$10.254.38%-$15.61M-31.06x0.97

Conglomerate Stocks FAQ

What are the best conglomerate stocks to buy right now in Mar 2024?

According to Zen Score, the 3 best conglomerate stocks to buy right now are:

1. Rcm Technologies (NASDAQ:RCMT)


Rcm Technologies (NASDAQ:RCMT) is the top conglomerate stock with a Zen Score of 56, which is 24 points higher than the conglomerate industry average of 32. It passed 18 out of 33 due diligence checks and has strong fundamentals. Rcm Technologies has seen its stock return 91.06% over the past year, overperforming other conglomerate stocks by 104 percentage points.

Rcm Technologies has an average 1 year price target of $33.00, an upside of 54.42% from Rcm Technologies's current stock price of $21.37.

Rcm Technologies stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Rcm Technologies, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Valmont Industries (NYSE:VMI)


Valmont Industries (NYSE:VMI) is the second best conglomerate stock with a Zen Score of 51, which is 19 points higher than the conglomerate industry average of 32. It passed 18 out of 38 due diligence checks and has strong fundamentals. Valmont Industries has seen its stock lose -27.48% over the past year, underperforming other conglomerate stocks by -14 percentage points.

Valmont Industries has an average 1 year price target of $262.00, an upside of 14.77% from Valmont Industries's current stock price of $228.28.

Valmont Industries stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Valmont Industries, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Honeywell International (NASDAQ:HON)


Honeywell International (NASDAQ:HON) is the third best conglomerate stock with a Zen Score of 50, which is 18 points higher than the conglomerate industry average of 32. It passed 18 out of 38 due diligence checks and has strong fundamentals. Honeywell International has seen its stock return 9.22% over the past year, overperforming other conglomerate stocks by 23 percentage points.

Honeywell International has an average 1 year price target of $223.00, an upside of 8.65% from Honeywell International's current stock price of $205.25.

Honeywell International stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Honeywell International, 50% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the conglomerate stocks with highest dividends?

Out of 9 conglomerate stocks that have issued dividends in the past year, the 3 conglomerate stocks with the highest dividend yields are:

1. Cresud (NASDAQ:CRESY)


Cresud (NASDAQ:CRESY) has an annual dividend yield of 7.54%, which is 5 percentage points higher than the conglomerate industry average of 2.91%. Cresud's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Cresud's dividend has not shown consistent growth over the last 10 years.

Cresud's dividend payout ratio of 23.2% indicates that its high dividend yield is sustainable for the long-term.

2. 3m Co (NYSE:MMM)


3m Co (NYSE:MMM) has an annual dividend yield of 5.67%, which is 3 percentage points higher than the conglomerate industry average of 2.91%. 3m Co's dividend payout is stable, having never dropped by more than 10% in the last 10 years. 3m Co's dividend has shown consistent growth over the last 10 years.

3m Co's dividend payout ratio of -47.5% indicates that its high dividend yield might not be sustainable for the long-term.

3. Compass Diversified Holdings (NYSE:CODI)


Compass Diversified Holdings (NYSE:CODI) has an annual dividend yield of 4.15%, which is 1 percentage points higher than the conglomerate industry average of 2.91%. Compass Diversified Holdings's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Compass Diversified Holdings's dividend has not shown consistent growth over the last 10 years.

Compass Diversified Holdings's dividend payout ratio of 40.7% indicates that its dividend yield is sustainable for the long-term.

Why are conglomerate stocks up?

Conglomerate stocks were up 1.06% in the last day, and down -0.94% over the last week.

We couldn't find a catalyst for why conglomerate stocks are up.

What are the most undervalued conglomerate stocks?

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

1. Rcm Technologies (NASDAQ:RCMT)


Rcm Technologies (NASDAQ:RCMT) is the most undervalued conglomerate stock based on WallStreetZen's Valuation Score. Rcm Technologies has a valuation score of 86, which is 50 points higher than the conglomerate industry average of 36. It passed 6 out of 7 valuation due diligence checks.

Rcm Technologies's stock has gained 91.06% in the past year. It has overperformed other stocks in the conglomerate industry by 104 percentage points.

2. Harte Hanks (NASDAQ:HHS)


Harte Hanks (NASDAQ:HHS) is the second most undervalued conglomerate stock based on WallStreetZen's Valuation Score. Harte Hanks has a valuation score of 71, which is 35 points higher than the conglomerate industry average of 36. It passed 5 out of 7 valuation due diligence checks.

Harte Hanks's stock has dropped -19.4% in the past year. It has underperformed other stocks in the conglomerate industry by -6 percentage points.

3. Brookfield Business Partners (NYSE:BBU)


Brookfield Business Partners (NYSE:BBU) is the third most undervalued conglomerate stock based on WallStreetZen's Valuation Score. Brookfield Business Partners has a valuation score of 71, which is 35 points higher than the conglomerate industry average of 36. It passed 5 out of 7 valuation due diligence checks.

Brookfield Business Partners's stock has gained 30.74% in the past year. It has overperformed other stocks in the conglomerate industry by 44 percentage points.

Are conglomerate stocks a good buy now?

50% of conglomerate stocks rated by analysts are a strong buy right now. On average, analysts expect conglomerate stocks to rise by 14.61% over the next year.

What is the average p/e ratio of the conglomerates industry?

The average P/E ratio of the conglomerates industry is 14.88x.
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