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Best Industrial Distribution Stocks to Buy Now (2024)
Top industrial distribution stocks in 2024 ranked by overall Zen Score. See the best industrial distribution stocks to buy now, according to analyst forecasts for the industrial distribution industry.

Industry: Industrial Distribution
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
POOL
POOL CORP
NASDAQ
Industrial Distribution
$15.05B$389.101.13%$752.18M27.81x1.42
GWW
WW GRAINGER INC
NYSE
Industrial Distribution
$46.71B$941.040.63%$2.73B26.12x1.54
AIT
APPLIED INDUSTRIAL TECHNOLOGIES INC
NYSE
Industrial Distribution
$7.20B$186.28-0.14%$547.64M19.26x0.73
WSO
WATSCO INC
NYSE
Industrial Distribution
$14.96B$379.870.52%$755.82M25.01x0.62
FAST
FASTENAL CO
NASDAQ
Industrial Distribution
$40.25B$70.330.36%$1.71B34.82x0.33
SITE
SITEONE LANDSCAPE SUPPLY INC
NYSE
Industrial Distribution
$7.36B$163.13-0.48%$289.70M41.83x1.00
TITN
TITAN MACHINERY INC
NASDAQ
Industrial Distribution
$595.91M$26.080.54%$185.10M5.56x1.64
TRNS
TRANSCAT INC
NASDAQ
Industrial Distribution
$919.73M$104.171.02%$29.04M78.32x0.29
GIC
GLOBAL INDUSTRIAL CO
NYSE
Industrial Distribution
$1.69B$44.38-0.18%$98.40M24.52x1.14
CNM
CORE & MAIN INC
NYSE
Industrial Distribution
$9.65B$44.64-0.25%$723.00M21.06x1.61
MSM
MSC INDUSTRIAL DIRECT CO INC
NYSE
Industrial Distribution
$5.64B$100.081.37%$558.81M16.91x0.79
DXPE
DXP ENTERPRISES INC
NASDAQ
Industrial Distribution
$555.34M$34.330.26%$141.01M9.86x1.88
EVI
EVI INDUSTRIES INC
NYSEMKT
Industrial Distribution
$266.29M$21.01-0.80%$20.33M42.02x0.88
WCC
WESCO INTERNATIONAL INC
NYSE
Industrial Distribution
$7.26B$142.55-1.71%$1.56B10.28x1.99
DSGR
DISTRIBUTION SOLUTIONS GROUP INC
NASDAQ
Industrial Distribution
$1.49B$31.80-2.57%$109.58M254.40x1.36
BXC
BLUELINX HOLDINGS INC
NYSE
Industrial Distribution
$993.46M$114.85-1.92%$137.68M21.27x1.42
FERG
FERGUSON PLC
NYSE
Industrial Distribution
$41.07B$201.81-0.13%$2.87B2,293.30x2.06
BECN
BEACON ROOFING SUPPLY INC
NASDAQ
Industrial Distribution
$5.39B$85.270.82%$844.70M-87.91x2.75

Industrial Distribution Stocks FAQ

What are the best industrial distribution stocks to buy right now in Feb 2024?

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

1. Pool (NASDAQ:POOL)


Pool (NASDAQ:POOL) is the top industrial distribution stock with a Zen Score of 52, which is 13 points higher than the industrial distribution industry average of 39. It passed 19 out of 38 due diligence checks and has strong fundamentals. Pool has seen its stock return 8.82% over the past year, underperforming other industrial distribution stocks by -17 percentage points.

Pool has an average 1 year price target of $380.00, a downside of -2.34% from Pool's current stock price of $389.10.

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

2. Ww Grainger (NYSE:GWW)


Ww Grainger (NYSE:GWW) is the second best industrial distribution stock with a Zen Score of 51, which is 12 points higher than the industrial distribution industry average of 39. It passed 19 out of 38 due diligence checks and has strong fundamentals. Ww Grainger has seen its stock return 43.41% over the past year, overperforming other industrial distribution stocks by 17 percentage points.

Ww Grainger has an average 1 year price target of $905.29, a downside of -3.8% from Ww Grainger's current stock price of $941.04.

Ww Grainger stock has a consensus Hold recommendation according to Wall Street analysts. Of the 7 analysts covering Ww Grainger, 0% have issued a Strong Buy rating, 14.29% have issued a Buy, 85.71% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Applied Industrial Technologies (NYSE:AIT)


Applied Industrial Technologies (NYSE:AIT) is the third best industrial distribution stock with a Zen Score of 50, which is 11 points higher than the industrial distribution industry average of 39. It passed 18 out of 38 due diligence checks and has strong fundamentals. Applied Industrial Technologies has seen its stock return 32.73% over the past year, overperforming other industrial distribution stocks by 7 percentage points.

Applied Industrial Technologies has an average 1 year price target of $195.00, an upside of 4.68% from Applied Industrial Technologies's current stock price of $186.28.

Applied Industrial Technologies stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Applied Industrial 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.

What are the industrial distribution stocks with highest dividends?

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

1. Msc Industrial Direct Co (NYSE:MSM)


Msc Industrial Direct Co (NYSE:MSM) has an annual dividend yield of 3.24%, which is 2 percentage points higher than the industrial distribution industry average of 1.69%. Msc Industrial Direct Co's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Msc Industrial Direct Co's dividend has shown consistent growth over the last 10 years.

Msc Industrial Direct Co's dividend payout ratio of 54.7% indicates that its dividend yield is sustainable for the long-term.

2. Fastenal Co (NASDAQ:FAST)


Fastenal Co (NASDAQ:FAST) has an annual dividend yield of 2.59%, which is 1 percentage points higher than the industrial distribution industry average of 1.69%. Fastenal Co's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Fastenal Co's dividend has shown consistent growth over the last 10 years.

Fastenal Co's dividend payout ratio of 90.1% indicates that its dividend yield might not be sustainable for the long-term.

3. Watsco (NYSE:WSO)


Watsco (NYSE:WSO) has an annual dividend yield of 2.58%, which is 1 percentage points higher than the industrial distribution industry average of 1.69%. Watsco's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Watsco's dividend has shown consistent growth over the last 10 years.

Watsco's dividend payout ratio of 64.5% indicates that its dividend yield is sustainable for the long-term.

Why are industrial distribution stocks up?

Industrial distribution stocks were up 0.28% in the last day, and down -0.36% over the last week.

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

What are the most undervalued industrial distribution stocks?

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

1. Titan Machinery (NASDAQ:TITN)


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

Titan Machinery's stock has dropped -40.66% in the past year. It has underperformed other stocks in the industrial distribution industry by -67 percentage points.

2. Dxp Enterprises (NASDAQ:DXPE)


Dxp Enterprises (NASDAQ:DXPE) is the second most undervalued industrial distribution stock based on WallStreetZen's Valuation Score. Dxp Enterprises has a valuation score of 57, which is 20 points higher than the industrial distribution industry average of 37. It passed 4 out of 7 valuation due diligence checks.

Dxp Enterprises's stock has gained 20.58% in the past year. It has underperformed other stocks in the industrial distribution industry by -6 percentage points.

3. Wesco International (NYSE:WCC)


Wesco International (NYSE:WCC) is the third most undervalued industrial distribution stock based on WallStreetZen's Valuation Score. Wesco International has a valuation score of 57, which is 20 points higher than the industrial distribution industry average of 37. It passed 4 out of 7 valuation due diligence checks.

Wesco International's stock has dropped -12.21% in the past year. It has underperformed other stocks in the industrial distribution industry by -38 percentage points.

Are industrial distribution stocks a good buy now?

42.86% of industrial distribution stocks rated by analysts are a strong buy right now. On average, analysts expect industrial distribution stocks to rise by 3.02% over the next year.

What is the average p/e ratio of the industrial distribution industry?

The average P/E ratio of the industrial distribution industry is 475.58x.
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