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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
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
RCMT
RCM TECHNOLOGIES INC
United States
$147.39M7,753,46837.02%62.98%Net Selling
GFF
GRIFFON CORP
United States
$3.22B49,553,35754.91%45.09%Net SellingNet Selling
MATW
MATTHEWS INTERNATIONAL CORP
United States
$767.44M30,709,85982.15%5.92%Net SellingNet Selling
HON
HONEYWELL INTERNATIONAL INC
United States
$140.06B651,185,51376.44%0.68%Net SellingNet Buying
SEB
SEABOARD CORP
United States
$3.00B971,0557.40%92.60%
VMI
VALMONT INDUSTRIES INC
United States
$5.53B20,191,60053.46%46.54%Net SellingNet Selling
CODI
COMPASS DIVERSIFIED HOLDINGS
United States
$1.63B75,384,05253.66%34.86%Net BuyingNet Buying
TRC
TEJON RANCH CO
United States
$444.84M26,797,44055.25%44.75%Net BuyingNet Buying
BBU
BROOKFIELD BUSINESS PARTNERS LP
Bermuda
$1.30B74,281,76382.57%0.00%
MDU
MDU RESOURCES GROUP INC
United States
$5.15B203,888,23772.32%2.69%Net SellingNet Buying
SPLP
STEEL PARTNERS HOLDINGS LP
United States
$755.67M20,393,2582.01%97.99%Net SellingNet Selling
CRESY
CRESUD INC
Argentina
$470.56M593,389,8831.25%0.00%
HHS
HARTE HANKS INC
United States
$55.90M7,240,9059.12%90.88%Net BuyingNet Buying
ALPP
ALPINE 4 HOLDINGS INC
United States
$14.47M27,055,5084.11%95.89%
MMM
3M CO
United States
$56.66B553,361,25764.22%0.50%Net BuyingNet Buying
TUSK
MAMMOTH ENERGY SERVICES INC
United States
$156.99M48,008,31930.28%69.72%Net SellingNet Buying
FIP
FTAI INFRASTRUCTURE INC
United States
$797.28M101,693,82374.95%13.16%Net Buying
NNBR
NN INC
United States
$149.01M50,004,84561.85%32.93%Net SellingNet Selling
EFSH
1847 HOLDINGS LLC
United States
$1.78M5,292,8510.43%78.29%Net BuyingNet Buying
FBYD
FALCON's BEYOND GLOBAL INC
United States
$1.31B124,913,3650.29%99.71%Net BuyingNet Buying

Conglomerate Stocks FAQ

What are the best conglomerate stocks to buy right now in Jun 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 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 3.37% over the past year, overperforming other conglomerate stocks by 16 percentage points.

Rcm Technologies has an average 1 year price target of $33.00, an upside of 73.59% from Rcm Technologies's current stock price of $19.01.

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. Griffon (NYSE:GFF)


Griffon (NYSE:GFF) is the second best conglomerate stock with a Zen Score of 53, which is 22 points higher than the conglomerate industry average of 31. It passed 21 out of 38 due diligence checks and has strong fundamentals. Griffon has seen its stock return 69.29% over the past year, overperforming other conglomerate stocks by 82 percentage points.

Griffon has an average 1 year price target of $81.00, an upside of 24.83% from Griffon's current stock price of $64.89.

Griffon stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Griffon, 66.67% have issued a Strong Buy rating, 33.33% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Matthews International (NASDAQ:MATW)


Matthews International (NASDAQ:MATW) is the third best conglomerate stock with a Zen Score of 52, which is 21 points higher than the conglomerate industry average of 31. It passed 19 out of 38 due diligence checks and has strong fundamentals. Matthews International has seen its stock lose -39.15% over the past year, underperforming other conglomerate stocks by -27 percentage points.

Matthews International has an average 1 year price target of $59.00, an upside of 136.09% from Matthews International's current stock price of $24.99.

Matthews International stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Matthews International, 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.

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 9.13%, which is 6 percentage points higher than the conglomerate industry average of 2.79%. 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 5.09%, which is 2 percentage points higher than the conglomerate industry average of 2.79%. 3m Co's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. 3m Co's dividend has not 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 4.61%, which is 2 percentage points higher than the conglomerate industry average of 2.79%. 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.

Why are conglomerate stocks up?

Conglomerate stocks were up 1.87% in the last day, and up 0.07% 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. Matthews International (NASDAQ:MATW)


Matthews International (NASDAQ:MATW) is the most undervalued conglomerate stock based on WallStreetZen's Valuation Score. Matthews International has a valuation score of 86, which is 55 points higher than the conglomerate industry average of 31. It passed 6 out of 7 valuation due diligence checks.

Matthews International's stock has dropped -39.15% in the past year. It has underperformed other stocks in the conglomerate industry by -27 percentage points.

2. Rcm Technologies (NASDAQ:RCMT)


Rcm Technologies (NASDAQ:RCMT) is the second most undervalued conglomerate stock based on WallStreetZen's Valuation Score. Rcm Technologies has a valuation score of 71, which is 40 points higher than the conglomerate industry average of 31. It passed 5 out of 7 valuation due diligence checks.

Rcm Technologies's stock has gained 3.37% in the past year. It has overperformed other stocks in the conglomerate industry by 16 percentage points.

3. Seaboard (NYSEMKT:SEB)


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 40 points higher than the conglomerate industry average of 31. It passed 5 out of 7 valuation due diligence checks.

Seaboard's stock has dropped -15.33% in the past year. It has underperformed other stocks in the conglomerate industry by -3 percentage points.

Are conglomerate stocks a good buy now?

60% of conglomerate stocks rated by analysts are a strong buy right now. On average, analysts expect conglomerate stocks to rise by 12.72% 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 16.99x.
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