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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.

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 56, which is 28 points higher than the conglomerate industry average of 28. It passed 18 out of 33 due diligence checks and has strong fundamentals. Rcm Technologies has seen its stock return 56.81% over the past year, overperforming other conglomerate stocks by 66 percentage points.

Rcm Technologies has an average 1 year price target of $33.00, an upside of 50% from Rcm Technologies's current stock price of $22.00.

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.

Honeywell International (NASDAQ:HON) is the second best conglomerate stock with a Zen Score of 47, which is 19 points higher than the conglomerate industry average of 28. It passed 17 out of 38 due diligence checks and has strong fundamentals. Honeywell International has seen its stock return 5.08% over the past year, overperforming other conglomerate stocks by 15 percentage points.

Honeywell International has an average 1 year price target of $221.80, an upside of 7.69% from Honeywell International's current stock price of $205.97.

Honeywell International stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Honeywell International, 40% have issued a Strong Buy rating, 0% have issued a Buy, 60% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Seaboard (NYSEMKT:SEB) is the third best conglomerate stock with a Zen Score of 46, which is 18 points higher than the conglomerate industry average of 28. It passed 16 out of 38 due diligence checks and has strong fundamentals. Seaboard has seen its stock lose -11.78% over the past year, underperforming other conglomerate stocks by -2 percentage points.

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

Cresud (NASDAQ:CRESY) has an annual dividend yield of 6.7%, which is 4 percentage points higher than the conglomerate industry average of 2.44%. 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.

Compass Diversified Holdings (NYSE:CODI) has an annual dividend yield of 4.49%, which is 2 percentage points higher than the conglomerate industry average of 2.44%. 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 416.7% indicates that its high dividend yield might not be sustainable for the long-term.

3m Co (NYSE:MMM) has an annual dividend yield of 4.28%, which is 2 percentage points higher than the conglomerate industry average of 2.44%. 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 -47.3% indicates that its dividend yield might not be sustainable for the long-term.

Conglomerate stocks were up 0.59% in the last day, and up 4.32% over the last week.

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

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

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 56 points higher than the conglomerate industry average of 30. It passed 6 out of 7 valuation due diligence checks.

Rcm Technologies's stock has gained 56.81% in the past year. It has overperformed other stocks in the conglomerate industry by 66 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 41 points higher than the conglomerate industry average of 30. It passed 5 out of 7 valuation due diligence checks.

Seaboard's stock has dropped -11.78% in the past year. It has underperformed other stocks in the conglomerate industry by -2 percentage points.

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 41 points higher than the conglomerate industry average of 30. It passed 5 out of 7 valuation due diligence checks.

Brookfield Business Partners's stock has dropped -0.85% in the past year. It has overperformed other stocks in the conglomerate industry by 9 percentage points.