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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
Zen Score
Valuation Score
Financials Score
Forecast Score
Performance Score
Dividends Score
RCMT
RCM TECHNOLOGIES INC
56
86
57
11
70
HON
HONEYWELL INTERNATIONAL INC
47
14
57
33
50
80
VMI
VALMONT INDUSTRIES INC
47
43
57
33
40
60
SEB
SEABOARD CORP
46
71
57
0
40
60
BBU
BROOKFIELD BUSINESS PARTNERS LP
44
71
57
0
50
40

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Use Zen Score to quickly analyze stock fundamentals, even if you don't have a finance background. We run time-tested due diligence checks inspired by legendary investors like Warren Buffett, and score each company based on how many they pass/fail.

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Conglomerate Stocks FAQ

What are the best conglomerate stocks to buy right now in May 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 26 points higher than the conglomerate industry average of 30. It passed 18 out of 33 due diligence checks and has strong fundamentals. Rcm Technologies has seen its stock return 48.51% over the past year, overperforming other conglomerate stocks by 64 percentage points.

Rcm Technologies has an average 1 year price target of $33.00, an upside of 74.14% from Rcm Technologies's current stock price of $18.95.

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 47, which is 17 points higher than the conglomerate industry average of 30. It passed 17 out of 38 due diligence checks and has strong fundamentals. Valmont Industries has seen its stock lose -29.86% 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 27.93% from Valmont Industries's current stock price of $204.80.

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 47, which is 17 points higher than the conglomerate industry average of 30. It passed 17 out of 38 due diligence checks and has strong fundamentals. Honeywell International has seen its stock lose -3.87% over the past year, overperforming other conglomerate stocks by 12 percentage points.

Honeywell International has an average 1 year price target of $221.80, an upside of 15.08% from Honeywell International's current stock price of $192.73.

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.

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 7.06%, which is 4 percentage points higher than the conglomerate industry average of 3.06%. 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 6.23%, which is 3 percentage points higher than the conglomerate industry average of 3.06%. 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 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 4.55%, which is 1 percentage points higher than the conglomerate industry average of 3.06%. 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 0.23% in the last day, and up 0.21% over the last week. 3m Co was the among the top gainers in the conglomerates industry, gaining 4.72% yesterday.

3M shares are trading higher after JP Morgan upgraded the stock from Neutral to Overweight and raised its price target to $111.

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 54 points higher than the conglomerate industry average of 32. It passed 6 out of 7 valuation due diligence checks.

Rcm Technologies's stock has gained 48.51% in the past year. It has overperformed other stocks in the conglomerate industry by 64 percentage points.

2. Seaboard (NYSEMKT:SEB)


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 39 points higher than the conglomerate industry average of 32. It passed 5 out of 7 valuation due diligence checks.

Seaboard's stock has dropped -16.53% in the past year. It has underperformed other stocks in the conglomerate industry by -1 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 39 points higher than the conglomerate industry average of 32. It passed 5 out of 7 valuation due diligence checks.

Brookfield Business Partners's stock has gained 7.99% in the past year. It has overperformed other stocks in the conglomerate industry by 23 percentage points.

Are conglomerate stocks a good buy now?

55.56% of conglomerate stocks rated by analysts are a strong buy right now. On average, analysts expect conglomerate stocks to rise by 25.74% 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 14.07x.
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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.