Sectors & Industries TechnologyScientific & Technical Instruments
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...

Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Price	Graham Fair Value	Graham Fair Value %	P/E	Forward P/E	P/S	P/B	PEG	Free Cash Flow	Free Cash Flow Yield	Book Value	BVPS	EV	EV/EBITDA
GRMN	GARMIN LTD	$169.96	N/A	N/A	23.87x	27.95x	5.97x	4.51x	N/A	$1.35B	4.15%	$7.25B	37.76	$30.83B	20.77
KEYS	KEYSIGHT TECHNOLOGIES INC	$150.10	$92.74	61.86%	27.39x	19.17x	4.92x	5.44x	0.84x	$1.19B	4.52%	$4.82B	27.53	$26.51B	16.99
FTV	FORTIVE CORP	$77.04	$41.04	87.73%	30.09x	21.64x	4.42x	2.59x	1.00x	$1.34B	4.96%	$10.48B	29.79	$30.36B	18.56
BMI	BADGER METER INC	$191.65	N/A	N/A	54.91x	68.45x	7.59x	10.52x	N/A	$103.20M	1.84%	$535.57M	18.27	$5.43B	33.38
MLAB	MESA LABORATORIES INC	$115.18	$53.36	115.86%	677.53x	11.54x	2.92x	1.54x	0.77x	$40.71M	6.55%	$402.96M	74.72	$826.03M	21.22
TDY	TELEDYNE TECHNOLOGIES INC	$393.03	$145.83	169.51%	20.95x	19.49x	3.32x	2.00x	3.21x	$817.70M	4.40%	$9.33B	197.21	$20.97B	15.64
SOTK	SONO TEK CORP	$4.62	$0.81	473.48%	66.00x	N/A	3.91x	4.53x	3.84x	$1.30M	1.80%	$16.07M	1.02	$69.76M	30.56
CGNX	COGNEX CORP	$45.90	$22.23	106.44%	79.14x	30.60x	9.30x	5.29x	0.84x	$77.38M	0.98%	$1.49B	8.67	$7.82B	51.52
ESE	ESCO TECHNOLOGIES INC	$109.15	$24.00	354.71%	30.24x	N/A	2.91x	2.44x	9.12x	$56.67M	2.01%	$1.15B	44.74	$2.97B	16.43
VNT	VONTIER CORP	$41.19	$45.75	-9.97%	14.71x	N/A	2.07x	6.46x	0.47x	$400.10M	6.29%	$984.90M	6.38	$8.25B	10.98
ITRI	ITRON INC	$108.25	N/A	N/A	30.84x	33.83x	2.17x	3.64x	N/A	$137.72M	2.79%	$1.36B	29.89	$5.15B	18.30
ELSE	ELECTRO SENSORS INC	$4.06	$0.59	586.61%	50.75x	N/A	1.63x	1.01x	9.34x	$60.00k	0.44%	$13.76M	4.01	$4.05M	8.56
VPG	VISHAY PRECISION GROUP INC	$33.53	N/A	N/A	18.42x	N/A	1.30x	1.37x	N/A	$30.01M	6.68%	$327.88M	24.46	$423.07M	7.50
BKSY	BLACKSKY TECHNOLOGY INC	$1.27	N/A	N/A	-3.18x	N/A	1.97x	1.99x	N/A	-$61.11M	-32.91%	$93.16M	0.64	$238.86M	550.37
CPTN	CEPTON INC	$3.03	N/A	N/A	-0.98x	-0.98x	3.66x	-1.26x	N/A	-$36.78M	-76.93%	-$38.37M	-2.43	$7.15M	-0.15
TRMB	TRIMBLE INC	$57.00	$43.88	29.89%	45.24x	19.13x	3.72x	3.11x	0.54x	$555.10M	3.93%	$4.50B	18.15	$16.96B	22.07
LUNA	LUNA INNOVATIONS INC	$2.80	N/A	N/A	-34.94x	N/A	0.81x	1.00x	N/A	-$15.87M	-16.74%	$94.61M	2.79	$129.02M	25.66
GNSS	GENASYS INC	$2.26	N/A	N/A	-4.11x	N/A	2.44x	2.45x	N/A	-$10.76M	-10.88%	$40.55M	0.93	$99.78M	-8.88
MVIS	MICROVISION INC	$1.62	N/A	N/A	-3.60x	N/A	40.50x	3.30x	N/A	-$69.03M	-23.33%	$95.80M	0.52	$282.94M	-3.83
WATT	ENERGOUS CORP	$1.54	N/A	N/A	-0.37x	N/A	15.10x	0.81x	N/A	-$19.44M	-270.65%	$11.50M	2.47	-$3.30M	0.17
SOBR	SOBR SAFE INC	$0.24	N/A	N/A	-0.43x	N/A	26.78x	2.37x	N/A	-$5.93M	-135.68%	$2.04M	0.11	$4.71M	-0.53
SVRE	SAVERONE 2014 LTD	$0.76	N/A	N/A	-0.14x	N/A	1.75x	1.00x	N/A	-$35.15M	-740.74%	$10.57M	1.68	$1.88M	-0.06
MIND	MIND TECHNOLOGY INC	$5.77	N/A	N/A	-2.31x	N/A	0.22x	0.36x	N/A	-$5.26M	-64.82%	$22.64M	16.11	$4.15M	1.33
FARO	FARO TECHNOLOGIES INC	$18.83	N/A	N/A	-8.41x	N/A	1.00x	1.38x	N/A	$12.74M	3.55%	$261.98M	13.76	$369.80M	-16.03
COHR	COHERENT CORP	$55.30	N/A	N/A	-19.27x	11.13x	1.83x	1.58x	N/A	$224.97M	2.67%	$5.34B	35.00	$11.68B	21.95
MSAI	MULTISENSOR AI HOLDINGS INC	$2.66	N/A	N/A	-0.75x	N/A	3.06x	-118.68x	N/A	-$6.06M	-36.43%	-$268.00k	-0.04	$37.88M	-1.79
NOVT	NOVANTA INC	$161.84	$12.35	1,210.65%	83.85x	N/A	6.51x	8.52x	32.28x	$119.97M	2.06%	$681.72M	18.98	$6.28B	40.14
MKSI	MKS INSTRUMENTS INC	$123.32	N/A	N/A	-4.48x	12.33x	2.27x	3.35x	N/A	$235.00M	2.85%	$2.47B	37.01	$12.39B	-10.54
ST	SENSATA TECHNOLOGIES HOLDING PLC	$41.99	N/A	N/A	-466.56x	8.38x	1.56x	2.13x	N/A	$276.42M	4.37%	$2.97B	19.74	$9.27B	18.76
WRAP	WRAP TECHNOLOGIES INC	$1.54	N/A	N/A	-4.04x	N/A	7.17x	3.30x	N/A	-$16.67M	-25.47%	$20.57M	0.48	$63.16M	-4.39
FCUV	FOCUS UNIVERSAL INC	$0.35	N/A	N/A	-4.34x	N/A	20.41x	6.34x	N/A	-$3.55M	-17.00%	$3.55M	0.06	$23.14M	-5.13
KNW	KNOW LABS INC	$0.63	N/A	N/A	-1.71x	-4.85x	N/A	41.87x	N/A	-$10.91M	-21.39%	$1.23M	0.02	$49.38M	-3.46
AWIN	AERWINS TECHNOLOGIES INC	$3.16	N/A	N/A	-0.11x	N/A	N/A	-0.16x	N/A	-$6.58M	-353.96%	-$18.48M	-31.43	$6.20M	-0.24

Scientific & Technical Instrument Stocks FAQ

What are the best scientific & technical instrument stocks to buy right now in May 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 53, which is 27 points higher than the scientific & technical instrument industry average of 26. It passed 19 out of 38 due diligence checks and has strong fundamentals. Garmin has seen its stock return 64.12% over the past year, overperforming other scientific & technical instrument stocks by 57 percentage points.

Garmin has an average 1 year price target of $159.33, a downside of -6.25% from Garmin's current stock price of $169.96.

Garmin stock has a consensus Hold recommendation according to Wall Street analysts. Of the 6 analysts covering Garmin, 16.67% have issued a Strong Buy rating, 0% have issued a Buy, 83.33% 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 49, which is 23 points higher than the scientific & technical instrument industry average of 26. It passed 16 out of 33 due diligence checks and has strong fundamentals. Keysight Technologies has seen its stock return 4.87% over the past year, underperforming other scientific & technical instrument stocks by -2 percentage points.

Keysight Technologies has an average 1 year price target of $159.75, an upside of 6.43% from Keysight Technologies's current stock price of $150.10.

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 48, which is 22 points higher than the scientific & technical instrument industry average of 26. It passed 17 out of 38 due diligence checks and has strong fundamentals. Fortive has seen its stock return 18.89% over the past year, overperforming other scientific & technical instrument stocks by 12 percentage points.

Fortive has an average 1 year price target of $90.14, an upside of 17.01% from Fortive's current stock price of $77.04.

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 1.72%, which is 1 percentage points higher than the scientific & technical instrument industry average of 0.7%. 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 41% 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 1.43%, which is 1 percentage points higher than the scientific & technical instrument industry average of 0.7%.

Sensata Technologies Holding's dividend payout ratio of -533.3% 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 0.71%, which is the same as the scientific & technical instrument industry average of 0.7%. 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 0.33% in the last day, and up 5.47% over the last week.

We couldn't find a catalyst for why scientific & technical instrument stocks are up.

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 57, which is 41 points higher than the scientific & technical instrument industry average of 16. It passed 4 out of 7 valuation due diligence checks.

Mesa Laboratories's stock has dropped -28.6% in the past year. It has underperformed other stocks in the scientific & technical instrument industry by -35 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 43, which is 27 points higher than the scientific & technical instrument industry average of 16. It passed 3 out of 7 valuation due diligence checks.

Fortive's stock has gained 18.89% in the past year. It has overperformed other stocks in the scientific & technical instrument industry by 12 percentage points.

3. Vontier (NYSE:VNT)

Vontier (NYSE:VNT) is the third most undervalued scientific & technical instrument stock based on WallStreetZen's Valuation Score. Vontier has a valuation score of 43, which is 27 points higher than the scientific & technical instrument industry average of 16. It passed 3 out of 7 valuation due diligence checks.

Vontier's stock has gained 49.67% in the past year. It has overperformed other stocks in the scientific & technical instrument industry by 43 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 7.26% 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 13.3x.

WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.

Scientific & Technical Instrument Stocks FAQ

1. Garmin (NYSE:GRMN)

2. Keysight Technologies (NYSE:KEYS)

3. Fortive (NYSE:FTV)

1. Garmin (NYSE:GRMN)

2. Sensata Technologies Holding (NYSE:ST)

3. Mks Instruments (NASDAQ:MKSI)

1. Mesa Laboratories (NASDAQ:MLAB)

2. Fortive (NYSE:FTV)

3. Vontier (NYSE:VNT)

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