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Best Conglomerate Stocks to Buy Now (2023)

Top conglomerate stocks in 2023 ranked by overall Zen Score. See the best conglomerate stocks to buy now, according to analyst forecasts for the conglomerates industry.

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

Rcm Technologies (NASDAQ:RCMT) is the top conglomerate stock with a Zen Score of 52, which is 20 points higher than the conglomerate industry average of 32. It passed 17 out of 33 due diligence checks and has strong fundamentals. Rcm Technologies has seen its stock return 93.46% over the past year, overperforming other conglomerate stocks by 101 percentage points.

Rcm Technologies has an average 1 year price target of $27.50, an upside of 2.12% from Rcm Technologies's current stock price of $26.93.

Rcm Technologies stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts 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.

Seaboard (NYSEMKT:SEB) 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. Seaboard has seen its stock lose -4.72% over the past year, overperforming other conglomerate stocks by 3 percentage points.

Valmont Industries (NYSE:VMI) 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. Valmont Industries has seen its stock lose -33.27% over the past year, underperforming other conglomerate stocks by -26 percentage points.

Valmont Industries has an average 1 year price target of $294.00, an upside of 33.68% from Valmont Industries's current stock price of $219.93.

Valmont Industries stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Valmont Industries, 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.

Out of 10 conglomerate stocks that have issued dividends in the past year, the 3 conglomerate stocks with the highest dividend yields are:

3m Co (NYSE:MMM) has an annual dividend yield of 5.8%, which is 3 percentage points higher than the conglomerate industry average of 2.76%. 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 -45.1% indicates that its high dividend yield might not be sustainable for the long-term.

Griffon (NYSE:GFF) has an annual dividend yield of 4.86%, which is 2 percentage points higher than the conglomerate industry average of 2.76%. Griffon's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Griffon's dividend has shown consistent growth over the last 10 years.

Griffon's dividend payout ratio of 164.4% indicates that its high dividend yield might not be sustainable for the long-term.

Compass Diversified Holdings (NYSE:CODI) has an annual dividend yield of 4.81%, which is 2 percentage points higher than the conglomerate industry average of 2.76%. 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 322.6% indicates that its high dividend yield might not be sustainable for the long-term.

Conglomerate stocks were down -0.56% in the last day, and up 1.84% over the last week.

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

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

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

Harte Hanks's stock has dropped -41.01% in the past year. It has underperformed other stocks in the conglomerate industry by -33 percentage points.

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

Seaboard's stock has dropped -4.72% in the past year. It has overperformed other stocks in the conglomerate industry by 3 percentage points.

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

Steel Partners Holdings's stock has dropped -4.47% in the past year. It has overperformed other stocks in the conglomerate industry by 3 percentage points.