Sectors & IndustriesIndustrialsConglomerates

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 58, which is 27 points higher than the conglomerate industry average of 31. It passed 19 out of 33 due diligence checks and has strong fundamentals. Rcm Technologies has seen its stock return 5.26% over the past year, overperforming other conglomerate stocks by 14 percentage points.

Rcm Technologies has an average 1 year price target of $33.00, an upside of 58.5% from Rcm Technologies's current stock price of $20.82.

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 54, which is 23 points higher than the conglomerate industry average of 31. It passed 20 out of 38 due diligence checks and has strong fundamentals. Honeywell International has seen its stock return 9.01% over the past year, overperforming other conglomerate stocks by 18 percentage points.

Honeywell International has an average 1 year price target of $217.50, an upside of 6.97% from Honeywell International's current stock price of $203.33.

Honeywell International stock has a consensus Hold recommendation according to Wall Street analysts. Of the 6 analysts covering Honeywell International, 16.67% have issued a Strong Buy rating, 0% have issued a Buy, 83.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Griffon (NYSE:GFF) is the third best conglomerate stock with a Zen Score of 50, which is 19 points higher than the conglomerate industry average of 31. It passed 20 out of 38 due diligence checks and has strong fundamentals. Griffon has seen its stock return 70.89% over the past year, overperforming other conglomerate stocks by 79 percentage points.

Griffon has an average 1 year price target of $84.50, an upside of 23.56% from Griffon's current stock price of $68.39.

Griffon stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Griffon, 50% have issued a Strong Buy rating, 50% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

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 8.17%, which is 5 percentage points higher than the conglomerate industry average of 2.81%. 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 4.68%, which is 2 percentage points higher than the conglomerate industry average of 2.81%. 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 714.3% indicates that its high dividend yield might not be sustainable for the long-term.

Matthews International (NASDAQ:MATW) has an annual dividend yield of 4.49%, which is 2 percentage points higher than the conglomerate industry average of 2.81%. Matthews International's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Matthews International's dividend has shown consistent growth over the last 10 years.

Matthews International's dividend payout ratio of 110.5% indicates that its high dividend yield might not be sustainable for the long-term.

Conglomerate stocks were up 0.85% in the last day, and down -0.52% 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 71, which is 37 points higher than the conglomerate industry average of 34. It passed 5 out of 7 valuation due diligence checks.

Rcm Technologies's stock has gained 5.26% in the past year. It has overperformed other stocks in the conglomerate industry by 14 percentage points.

Matthews International (NASDAQ:MATW) is the second most undervalued conglomerate stock based on WallStreetZen's Valuation Score. Matthews International has a valuation score of 71, which is 37 points higher than the conglomerate industry average of 34. It passed 5 out of 7 valuation due diligence checks.

Matthews International's stock has dropped -46.25% in the past year. It has underperformed other stocks in the conglomerate industry by -38 percentage points.

Seaboard (NYSEMKT:SEB) is the third most undervalued conglomerate stock based on WallStreetZen's Valuation Score. Seaboard has a valuation score of 71, which is 37 points higher than the conglomerate industry average of 34. It passed 5 out of 7 valuation due diligence checks.

Seaboard's stock has dropped -14.5% in the past year. It has underperformed other stocks in the conglomerate industry by -6 percentage points.