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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...
OverviewZen Score
PriceValuationFinancialsForecastEarnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Zen Score
Valuation Score
Financials Score
Forecast Score
Performance Score
Dividends Score
GRMN
GARMIN LTD
53
14
100
11
60
80
KEYS
KEYSIGHT TECHNOLOGIES INC
49
29
71
44
50
–
BMI
BADGER METER INC
48
0
86
22
90
40
FTV
FORTIVE CORP
48
43
71
56
10
60
MLAB
MESA LABORATORIES INC
42
57
29
67
20
40

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Use Zen Score to quickly analyze stock fundamentals, even if you don't have a finance background. We run time-tested due diligence checks inspired by legendary investors like Warren Buffett, and score each company based on how many they pass/fail.

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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 26 points higher than the scientific & technical instrument industry average of 27. It passed 19 out of 38 due diligence checks and has strong fundamentals. Garmin has seen its stock return 65.84% over the past year, overperforming other scientific & technical instrument stocks by 60 percentage points.

Garmin has an average 1 year price target of $159.33, a downside of -4% from Garmin's current stock price of $165.97.

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 22 points higher than the scientific & technical instrument industry average of 27. It passed 16 out of 33 due diligence checks and has strong fundamentals. Keysight Technologies has seen its stock return 4.64% over the past year, underperforming other scientific & technical instrument stocks by -1 percentage points.

Keysight Technologies has an average 1 year price target of $159.75, an upside of 7.09% from Keysight Technologies's current stock price of $149.18.

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 21 points higher than the scientific & technical instrument industry average of 27. It passed 17 out of 38 due diligence checks and has strong fundamentals. Fortive has seen its stock return 18.88% over the past year, overperforming other scientific & technical instrument stocks by 13 percentage points.

Fortive has an average 1 year price target of $90.14, an upside of 18.48% from Fortive's current stock price of $76.08.

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 1.76%, which is 1 percentage points higher than the scientific & technical instrument industry average of 0.69%. 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 1.2%, which is 1 percentage points higher than the scientific & technical instrument industry average of 0.69%.

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 0.72%, which is the same as the scientific & technical instrument industry average of 0.69%. 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 0.94% in the last day, and up 3.95% over the last week. Itron was the among the top gainers in the scientific & technical instruments industry, gaining 7.2% yesterday.

Itron shares are trading higher after multiple firms raised their respective price targets on the stock.

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 -31.45% in the past year. It has underperformed other stocks in the scientific & technical instrument industry by -37 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 18.88% in the past year. It has overperformed other stocks in the scientific & technical instrument industry by 13 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 47.77% in the past year. It has overperformed other stocks in the scientific & technical instrument industry by 42 percentage points.

Are scientific & technical instrument stocks a good buy now?

39.13% of scientific & technical instrument stocks rated by analysts are a buy right now. On average, analysts expect scientific & technical instrument stocks to rise by 8.77% 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 13.75x.
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