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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.

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

Applied Industrial Technologies (NYSE:AIT) is the top industrial distribution stock with a Zen Score of 50, which is 12 points higher than the industrial distribution industry average of 38. It passed 18 out of 38 due diligence checks and has strong fundamentals. Applied Industrial Technologies has seen its stock return 32.22% over the past year.

Applied Industrial Technologies has an average 1 year price target of $222.50, an upside of 24.34% from Applied Industrial Technologies's current stock price of $178.94.

Applied Industrial Technologies stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Applied Industrial Technologies, 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.

Global Industrial Co (NYSE:GIC) is the second best industrial distribution stock with a Zen Score of 49, which is 11 points higher than the industrial distribution industry average of 38. It passed 17 out of 38 due diligence checks and has strong fundamentals. Global Industrial Co has seen its stock return 56.54% over the past year, overperforming other industrial distribution stocks by 24 percentage points.

Pool (NASDAQ:POOL) is the third best industrial distribution stock with a Zen Score of 48, which is 10 points higher than the industrial distribution industry average of 38. It passed 17 out of 38 due diligence checks and has strong fundamentals. Pool has seen its stock return 9.82% over the past year, underperforming other industrial distribution stocks by -22 percentage points.

Pool has an average 1 year price target of $402.00, an upside of 8.65% from Pool's current stock price of $370.00.

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.

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:

Msc Industrial Direct Co (NYSE:MSM) has an annual dividend yield of 3.52%, which is 2 percentage points higher than the industrial distribution industry average of 1.75%. 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 57.9% indicates that its dividend yield is sustainable for the long-term.

Fastenal Co (NASDAQ:FAST) has an annual dividend yield of 2.73%, which is 1 percentage points higher than the industrial distribution industry average of 1.75%. 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.

Watsco (NYSE:WSO) has an annual dividend yield of 2.26%, which is 1 percentage points higher than the industrial distribution industry average of 1.75%. 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 71.4% indicates that its dividend yield is sustainable for the long-term.

Industrial distribution stocks were down -0.73% in the last day, and up 2.69% over the last week.

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

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

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 35 points higher than the industrial distribution industry average of 36. It passed 5 out of 7 valuation due diligence checks.

Titan Machinery's stock has dropped -27.39% in the past year. It has underperformed other stocks in the industrial distribution industry by -60 percentage points.

Wesco International (NYSE:WCC) is the second most undervalued industrial distribution stock based on WallStreetZen's Valuation Score. Wesco International has a valuation score of 57, which is 21 points higher than the industrial distribution industry average of 36. It passed 4 out of 7 valuation due diligence checks.

Wesco International's stock has gained 10.85% in the past year. It has underperformed other stocks in the industrial distribution industry by -21 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 7 points higher than the industrial distribution industry average of 36. It passed 3 out of 7 valuation due diligence checks.

Global Industrial Co's stock has gained 56.54% in the past year. It has overperformed other stocks in the industrial distribution industry by 24 percentage points.