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Sectors & IndustriesTechnologyScientific & 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...
Ticker
Company
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
GRMN
GARMIN LTD
$32.65B$5.46B$1.48B$1.36B$7.1212.98%9.93%41.83%13.74%2024-06-07
KEYS
KEYSIGHT TECHNOLOGIES INC
$26.20B$5.34B$1.56B$969.00M$5.48-3.77%5.71%-14.91%41.09%2024-05-20
FTV
FORTIVE CORP
$27.12B$6.13B$1.64B$899.60M$2.563.71%9.46%19.63%-20.42%2024-05-15
BMI
BADGER METER INC
$5.63B$740.77M$162.77M$102.31M$3.4925.07%11.31%43.03%26.67%
MLAB
MESA LABORATORIES INC
$621.29M$212.87M$38.93M$948.00k$0.17-4.27%15.50%N/A-42.57%2024-05-24
TDY
TELEDYNE TECHNOLOGIES INC
$18.64B$5.60B$1.34B$885.50M$18.761.47%13.68%16.38%14.51%
SOTK
SONO TEK CORP
$72.74M$18.59M$2.28M$1.35M$0.0713.35%9.95%0.00%N/A2024-05-23
CGNX
COGNEX CORP
$7.88B$847.22M$151.74M$99.64M$0.58-8.39%0.90%-42.57%-14.24%
ESE
ESCO TECHNOLOGIES INC
$2.82B$968.85M$180.89M$92.99M$3.619.35%7.54%9.39%4.55%2024-05-09
VNT
VONTIER CORP
$6.36B$3.07B$751.30M$430.90M$2.80-4.30%N/A87.92%N/A2024-05-22
ITRI
ITRON INC
$4.97B$2.28B$281.57M$160.48M$3.5125.77%-0.86%N/A25.22%2024-05-09
ELSE
ELECTRO SENSORS INC
$13.92M$8.56M$473.00k$275.00k$0.08-5.25%2.68%166.67%N/A2024-05-10
VPG
VISHAY PRECISION GROUP INC
$447.76M$346.97M$56.40M$24.63M$1.82-4.62%2.73%-32.34%-1.87%2024-05-22
BKSY
BLACKSKY TECHNOLOGY INC
$185.75M$94.49M$434.00k-$53.86M-$0.4044.59%N/AN/AN/A2024-05-08
CPTN
CEPTON INC
$48.24M$13.06M-$49.23M-$48.55M-$3.0875.81%N/AN/AN/A2024-05-13
TRMB
TRIMBLE INC
$14.00B$3.80B$768.60M$311.30M$1.263.33%4.09%-30.39%2.20%2024-05-30
LUNA
LUNA INNOVATIONS INC
$94.91M$116.61M$5.03M-$2.12M-$0.0814.31%24.34%N/AN/A
GNSS
GENASYS INC
$99.50M$40.54M-$11.23M-$21.61M-$0.55-24.72%7.03%N/AN/A2024-05-14
MVIS
MICROVISION INC
$316.33M$7.26M-$73.83M-$82.84M-$0.45993.22%-16.24%N/AN/A2024-05-09
WATT
ENERGOUS CORP
$9.37M$474.18k-$19.18M-$19.37M-$4.15-44.30%-1.63%N/AN/A2024-05-08
SOBR
SOBR SAFE INC
$4.82M$157.29k-$8.97M-$10.21M-$0.56345.31%N/AN/AN/A2024-06-03
SVRE
SAVERONE 2014 LTD
$10.52M$2.72M-$32.09M-$33.84M-$5.40128.00%N/AN/AN/A
MIND
MIND TECHNOLOGY INC
$8.11M$36.51M$3.13M-$3.51M-$2.5045.97%-3.19%N/AN/A2024-06-11
FARO
FARO TECHNOLOGIES INC
$361.65M$358.11M-$23.07M-$42.68M-$2.241.14%-2.40%N/AN/A2024-06-13
COHR
COHERENT CORP
$8.43B$4.60B$532.28M-$414.57M-$2.87-5.03%28.34%N/AN/A
MSAI
MULTISENSOR AI HOLDINGS INC
$31.81M$5.43M-$21.12M-$22.27M-$3.56-25.29%N/AN/AN/A
NOVT
NOVANTA INC
$5.81B$893.45M$156.48M$69.29M$1.932.01%7.42%-6.31%3.56%2024-06-05
MKSI
MKS INSTRUMENTS INC
$8.27B$3.62B-$1.18B-$1.84B-$27.542.11%11.78%N/AN/A2024-05-08
ST
SENSATA TECHNOLOGIES HOLDING PLC
$6.33B$4.06B$494.06M-$14.31M-$0.090.27%2.99%N/AN/A2024-06-11
WRAP
WRAP TECHNOLOGIES INC
$67.87M$9.13M-$14.38M-$15.55M-$0.3832.04%445.50%N/AN/A2024-06-27
FCUV
FOCUS UNIVERSAL INC
$22.48M$1.05M-$4.51M-$4.72M-$0.08197.55%27.84%N/AN/A2024-05-17
KNW
KNOW LABS INC
$51.33M$0.00-$14.28M-$20.13M-$0.37-100.00%-100.00%N/AN/A2024-05-13
AWIN
AERWINS TECHNOLOGIES INC
$2.92M$0.00-$25.73M-$25.94M-$27.93N/AN/AN/AN/A

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.
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