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Best Scientific & Technical Instrument Stocks to Buy Now (2024)
Top scientific & technical instrument stocks in 2024 ranked by overall Zen Score. See the best scientific & technical instrument stocks to buy now, according to analyst forecasts for the scientific & technical instruments industry.

Industry: Scientific & Technical In...
Ticker
Company
Financials Score
Market Cap
ROE
ROA
ROCE
ROIC
D/E
Current Ratio
Gross Margin
Profit Margin
Operating Margin
GRMN
GARMIN LTD
$27.51B19.90%16.00%16.46%25.90%0.233.4157.50%24.70%22.96%
KEYS
KEYSIGHT TECHNOLOGIES INC
$25.93B20.30%11.00%19.21%28.30%0.881.9364.80%18.10%24.97%
FTV
FORTIVE CORP
$26.74B8.80%5.50%7.31%29.40%0.671.5059.60%14.70%18.83%
BMI
BADGER METER INC
$5.45B20.30%14.60%21.96%57.60%0.393.4839.30%13.80%18.03%
SOTK
SONO TEK CORP
$69.91M8.90%6.30%10.64%14.70%0.412.8350.20%7.30%9.20%
MLAB
MESA LABORATORIES INC
$556.61M0.20%0.10%0.66%1.70%0.842.6861.00%0.40%2.16%
ITRI
ITRON INC
$4.36B7.90%3.90%6.50%12.10%0.971.9532.80%4.50%6.18%
TDY
TELEDYNE TECHNOLOGIES INC
$17.75B10.20%6.20%8.11%19.60%0.581.6943.30%15.70%18.37%
CGNX
COGNEX CORP
$6.97B7.70%5.70%7.25%10.20%0.344.4771.80%13.50%16.16%
ESE
ESCO TECHNOLOGIES INC
$2.72B8.30%5.40%8.81%20.80%0.541.9839.30%9.60%13.34%
ELSE
ELECTRO SENSORS INC
$14.21M2.00%1.90%2.76%5.20%0.0519.0449.60%3.20%4.43%
CPTN
CEPTON INC
$46.33MN/A-54.20%-73.97%-102.60%-0.429.0027.20%-371.80%-393.09%
VPG
VISHAY PRECISION GROUP INC
$447.11M8.00%5.30%10.27%13.50%0.433.9442.30%7.20%11.86%
BKSY
BLACKSKY TECHNOLOGY INC
$184.29M-54.90%-23.80%-22.32%-18.70%1.412.8964.20%-57.00%-46.44%
MVIS
MICROVISION INC
$292.90M-84.30%-61.60%-74.86%-135.10%0.354.2361.80%-1,141.20%-1,125.44%
NOVT
NOVANTA INC
$5.71B11.50%6.00%10.08%14.00%0.822.9845.40%8.30%12.43%
TRMB
TRIMBLE INC
$14.78B7.10%3.40%6.72%13.10%1.121.0061.40%8.20%13.64%
LUNA
LUNA INNOVATIONS INC
$67.58M-2.30%-1.40%-0.40%-0.50%0.752.8659.00%-1.80%-0.45%
GNSS
GENASYS INC
$95.54M-53.10%-37.70%-32.47%-60.30%0.402.3445.40%-53.30%-36.12%
WATT
ENERGOUS CORP
$8.27M-117.70%-86.90%-160.66%4,912.90%0.453.2541.10%-4,084.20%-4,084.23%
SOBR
SOBR SAFE INC
$5.66M-204.90%-116.90%-203.50%-421.10%2.052.2139.60%-6,494.10%-5,982.79%
FARO
FARO TECHNOLOGIES INC
$358.90M-20.70%-11.20%-12.96%-19.70%0.882.3146.00%-15.80%-14.13%
SVRE
SAVERONE 2014 LTD
$9.13M-182.30%-110.20%-267.65%-517.40%1.551.6427.60%-1,243.90%-1,199.12%
VNT
VONTIER CORP
$6.34B50.50%8.90%17.29%18.00%3.821.4046.20%12.20%18.65%
COHR
COHERENT CORP
$8.36B-7.90%-2.90%-0.45%-0.70%1.192.8830.70%-8.70%-1.30%
MSAI
MULTISENSOR AI HOLDINGS INC
$32.64MN/A-51.90%-391.20%-52.30%-62.091.1626.60%-410.10%-404.53%
MIND
MIND TECHNOLOGY INC
$5.83M-19.40%-13.10%2.72%3.00%0.413.0940.20%-11.10%1.54%
ST
SENSATA TECHNOLOGIES HOLDING PLC
$5.26B-0.10%0.00%2.92%3.60%1.562.5531.10%-0.10%4.93%
MKSI
MKS INSTRUMENTS INC
$8.10B-61.90%-19.00%-19.01%-21.40%2.693.1845.30%-50.80%-43.40%
WRAP
WRAP TECHNOLOGIES INC
$81.35M-68.40%-51.70%-73.63%-125.20%0.542.3953.60%-170.30%-168.18%
KNW
KNOW LABS INC
$52.63M-886.20%-324.00%-1,198.97%1,836.30%3.091.27N/AN/AN/A
FCUV
FOCUS UNIVERSAL INC
$20.86M-90.00%-74.20%-127.29%-101.90%0.500.628.90%-448.40%-444.77%
AWIN
AERWINS TECHNOLOGIES INC
$1.87MN/A-320.50%290.94%-669.20%-1.200.24-38.20%-825.70%-790.07%

Scientific & Technical Instrument Stocks FAQ

What are the best scientific & technical instrument stocks to buy right now in Apr 2024?

According to Zen Score, the 3 best scientific & technical instrument stocks to buy right now are:

1. Garmin (NYSE:GRMN)


Garmin (NYSE:GRMN) is the top scientific & technical instrument stock with a Zen Score of 56, which is 28 points higher than the scientific & technical instrument industry average of 28. It passed 20 out of 38 due diligence checks and has strong fundamentals. Garmin has seen its stock return 50.68% over the past year, overperforming other scientific & technical instrument stocks by 47 percentage points.

Garmin has an average 1 year price target of $140.50, a downside of -2.06% from Garmin's current stock price of $143.45.

Garmin stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Garmin, 25% have issued a Strong Buy rating, 0% have issued a Buy, 75% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Keysight Technologies (NYSE:KEYS)


Keysight Technologies (NYSE:KEYS) is the second best scientific & technical instrument stock with a Zen Score of 52, which is 24 points higher than the scientific & technical instrument industry average of 28. It passed 17 out of 33 due diligence checks and has strong fundamentals. Keysight Technologies has seen its stock return 5.17% over the past year, overperforming other scientific & technical instrument stocks by 2 percentage points.

Keysight Technologies has an average 1 year price target of $159.75, an upside of 7.54% from Keysight Technologies's current stock price of $148.55.

Keysight Technologies stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Keysight Technologies, 25% have issued a Strong Buy rating, 25% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Fortive (NYSE:FTV)


Fortive (NYSE:FTV) is the third best scientific & technical instrument stock with a Zen Score of 51, which is 23 points higher than the scientific & technical instrument industry average of 28. It passed 18 out of 38 due diligence checks and has strong fundamentals. Fortive has seen its stock return 20.47% over the past year, overperforming other scientific & technical instrument stocks by 17 percentage points.

Fortive has an average 1 year price target of $90.14, an upside of 18.66% from Fortive's current stock price of $75.97.

Fortive stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Fortive, 42.86% have issued a Strong Buy rating, 0% have issued a Buy, 57.14% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the scientific & technical instrument stocks with highest dividends?

Out of 8 scientific & technical instrument stocks that have issued dividends in the past year, the 3 scientific & technical instrument stocks with the highest dividend yields are:

1. Garmin (NYSE:GRMN)


Garmin (NYSE:GRMN) has an annual dividend yield of 2.04%, which is 1 percentage points higher than the scientific & technical instrument industry average of 0.75%. Garmin's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Garmin's dividend has shown consistent growth over the last 10 years.

Garmin's dividend payout ratio of 43.3% indicates that its dividend yield is sustainable for the long-term.

2. Sensata Technologies Holding (NYSE:ST)


Sensata Technologies Holding (NYSE:ST) has an annual dividend yield of 1.37%, which is 1 percentage points higher than the scientific & technical instrument industry average of 0.75%.

Sensata Technologies Holding's dividend payout ratio of -1,600% indicates that its dividend yield might not be sustainable for the long-term.

3. Mks Instruments (NASDAQ:MKSI)


Mks Instruments (NASDAQ:MKSI) has an annual dividend yield of 0.73%, which is the same as the scientific & technical instrument industry average of 0.75%. Mks Instruments's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Mks Instruments's dividend has shown consistent growth over the last 10 years.

Mks Instruments's dividend payout ratio of -3.2% indicates that its dividend yield might not be sustainable for the long-term.

Why are scientific & technical instrument stocks up?

Scientific & technical instrument stocks were up 1.03% in the last day, and up 1.91% over the last week. Focus Universal was the among the top gainers in the scientific & technical instruments industry, gaining 13.78% yesterday.

Focus Universal shares are trading higher after the company announced board approval for the spin-off of Lusher.

What are the most undervalued scientific & technical instrument stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued scientific & technical instrument stocks right now are:

1. Mesa Laboratories (NASDAQ:MLAB)


Mesa Laboratories (NASDAQ:MLAB) is the most undervalued scientific & technical instrument stock based on WallStreetZen's Valuation Score. Mesa Laboratories has a valuation score of 71, which is 49 points higher than the scientific & technical instrument industry average of 22. It passed 5 out of 7 valuation due diligence checks.

Mesa Laboratories's stock has dropped -35.9% in the past year. It has underperformed other stocks in the scientific & technical instrument industry by -39 percentage points.

2. Fortive (NYSE:FTV)


Fortive (NYSE:FTV) is the second most undervalued scientific & technical instrument stock based on WallStreetZen's Valuation Score. Fortive has a valuation score of 57, which is 35 points higher than the scientific & technical instrument industry average of 22. It passed 4 out of 7 valuation due diligence checks.

Fortive's stock has gained 20.47% in the past year. It has overperformed other stocks in the scientific & technical instrument industry by 17 percentage points.

3. Esco Technologies (NYSE:ESE)


Esco Technologies (NYSE:ESE) is the third most undervalued scientific & technical instrument stock based on WallStreetZen's Valuation Score. Esco Technologies has a valuation score of 43, which is 21 points higher than the scientific & technical instrument industry average of 22. It passed 3 out of 7 valuation due diligence checks.

Esco Technologies's stock has gained 14.52% in the past year. It has overperformed other stocks in the scientific & technical instrument industry by 11 percentage points.

Are scientific & technical instrument stocks a good buy now?

43.48% of scientific & technical instrument stocks rated by analysts are a buy right now. On average, analysts expect scientific & technical instrument stocks to rise by 10.94% over the next year.

What is the average p/e ratio of the scientific & technical instruments industry?

The average P/E ratio of the scientific & technical instruments industry is -7.72x.
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