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Best Industrial Distribution Stocks to Buy Now (2023)

Top industrial distribution stocks in 2023 ranked by overall Zen Score. See the best industrial distribution stocks to buy now, according to analyst forecasts for the industrial distribution industry.

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

Titan Machinery (NASDAQ:TITN) is the top industrial distribution stock with a Zen Score of 56, which is 15 points higher than the industrial distribution industry average of 41. It passed 18 out of 33 due diligence checks and has strong fundamentals. Titan Machinery has seen its stock lose -13.89% over the past year, underperforming other industrial distribution stocks by -23 percentage points.

Titan Machinery has an average 1 year price target of $35.50, an upside of 23.69% from Titan Machinery's current stock price of $28.70.

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

Ww Grainger (NYSE:GWW) is the second best industrial distribution stock with a Zen Score of 55, which is 14 points higher than the industrial distribution industry average of 41. It passed 21 out of 38 due diligence checks and has strong fundamentals. Ww Grainger has seen its stock return 34.48% over the past year, overperforming other industrial distribution stocks by 26 percentage points.

Ww Grainger has an average 1 year price target of $644.56, a downside of -5.33% from Ww Grainger's current stock price of $680.82.

Ww Grainger stock has a consensus Hold recommendation according to Wall Street analysts. Of the 10 analysts covering Ww Grainger, 20% have issued a Strong Buy rating, 20% have issued a Buy, 40% have issued a hold, while 0% have issued a Sell rating, and 20% have issued a Strong Sell.

Watsco (NYSE:WSO) is the third best industrial distribution stock with a Zen Score of 52, which is 11 points higher than the industrial distribution industry average of 41. It passed 19 out of 38 due diligence checks and has strong fundamentals. Watsco has seen its stock lose -0.02% over the past year, underperforming other industrial distribution stocks by -9 percentage points.

Watsco has an average 1 year price target of $313.67, an upside of 3.35% from Watsco's current stock price of $303.50.

Watsco stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Watsco, 33.33% have issued a Strong Buy rating, 16.67% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 16.67% have issued a Strong Sell.

Out of 8 industrial distribution stocks that have issued dividends in the past year, the 3 industrial distribution stocks with the highest dividend yields are:

Park Ohio Holdings (NASDAQ:PKOH) has an annual dividend yield of 4.27%, which is 2 percentage points higher than the industrial distribution industry average of 2.4%. Park Ohio Holdings's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Park Ohio Holdings's dividend has not shown consistent growth over the last 10 years.

Park Ohio Holdings's dividend payout ratio of -42.7% indicates that its dividend yield might not be sustainable for the long-term.

Msc Industrial Direct Co (NYSE:MSM) has an annual dividend yield of 3.77%, which is 1 percentage points higher than the industrial distribution industry average of 2.4%. 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 47.9% indicates that its dividend yield is sustainable for the long-term.

Global Industrial Co (NYSE:GIC) has an annual dividend yield of 3.62%, which is 1 percentage points higher than the industrial distribution industry average of 2.4%. Global Industrial Co's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Global Industrial Co's dividend has shown consistent growth over the last 10 years.

Global Industrial Co's dividend payout ratio of 34.8% indicates that its dividend yield is sustainable for the long-term.

Industrial distribution stocks were up 1.56% in the last day, and down -1.58% over the last week.

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

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

Dxp Enterprises (NASDAQ:DXPE) is the most undervalued industrial distribution stock based on WallStreetZen's Valuation Score. Dxp Enterprises has a valuation score of 57, which is 22 points higher than the industrial distribution industry average of 35. It passed 4 out of 7 valuation due diligence checks.

Dxp Enterprises's stock has dropped -13.84% in the past year. It has underperformed other stocks in the industrial distribution industry by -22 percentage points.

Titan Machinery (NASDAQ:TITN) is the second most undervalued industrial distribution stock based on WallStreetZen's Valuation Score. Titan Machinery has a valuation score of 57, which is 22 points higher than the industrial distribution industry average of 35. It passed 4 out of 7 valuation due diligence checks.

Titan Machinery's stock has dropped -13.89% in the past year. It has underperformed other stocks in the industrial distribution industry by -23 percentage points.

Global Industrial Co (NYSE:GIC) is the third most undervalued industrial distribution stock based on WallStreetZen's Valuation Score. Global Industrial Co has a valuation score of 43, which is 8 points higher than the industrial distribution industry average of 35. It passed 3 out of 7 valuation due diligence checks.

Global Industrial Co's stock has dropped -24.67% in the past year. It has underperformed other stocks in the industrial distribution industry by -33 percentage points.