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	$165.97	N/A	N/A	23.31x	27.30x	5.83x	4.40x	N/A	$1.35B	4.25%	$7.25B	37.76	$30.06B	20.25
KEYS	KEYSIGHT TECHNOLOGIES INC	$149.18	$92.74	60.87%	27.22x	19.05x	4.89x	5.41x	0.83x	$1.19B	4.55%	$4.82B	27.53	$26.35B	16.88
BMI	BADGER METER INC	$189.00	N/A	N/A	54.15x	67.50x	7.48x	10.37x	N/A	$103.20M	1.86%	$535.57M	18.27	$5.36B	32.91
FTV	FORTIVE CORP	$76.08	$41.04	85.39%	29.72x	21.37x	4.37x	2.56x	0.99x	$1.34B	5.02%	$10.48B	29.79	$30.02B	18.36
MLAB	MESA LABORATORIES INC	$115.50	$53.36	116.46%	679.41x	11.57x	2.93x	1.55x	0.77x	$40.71M	6.54%	$402.96M	74.72	$827.75M	21.26
TDY	TELEDYNE TECHNOLOGIES INC	$385.34	$145.83	164.24%	20.54x	19.10x	3.25x	1.96x	3.15x	$817.70M	4.49%	$9.33B	197.21	$20.61B	15.37
SOTK	SONO TEK CORP	$4.52	$0.81	461.07%	64.57x	N/A	3.83x	4.43x	3.75x	$1.30M	1.84%	$16.07M	1.02	$68.19M	29.87
CGNX	COGNEX CORP	$43.79	$22.23	96.95%	75.50x	29.19x	8.87x	5.05x	0.80x	$77.38M	1.03%	$1.49B	8.67	$7.46B	49.13
ESE	ESCO TECHNOLOGIES INC	$107.28	$24.00	346.92%	29.72x	N/A	2.86x	2.40x	8.96x	$56.67M	2.05%	$1.15B	44.74	$2.92B	16.16
VNT	VONTIER CORP	$39.44	$45.75	-13.80%	14.09x	N/A	1.98x	6.18x	0.45x	$400.10M	6.57%	$984.90M	6.38	$7.98B	10.62
ITRI	ITRON INC	$107.01	N/A	N/A	30.49x	33.44x	2.14x	3.60x	N/A	$137.72M	2.82%	$1.36B	29.89	$5.09B	18.09
ELSE	ELECTRO SENSORS INC	$4.25	$0.59	618.75%	53.13x	N/A	1.70x	1.06x	9.77x	$60.00k	0.42%	$13.76M	4.01	$4.70M	9.93
VPG	VISHAY PRECISION GROUP INC	$34.06	$11.07	207.80%	18.02x	N/A	1.30x	1.38x	17.22x	$30.78M	6.66%	$329.84M	24.30	$430.33M	7.46
BKSY	BLACKSKY TECHNOLOGY INC	$1.26	N/A	N/A	-3.15x	N/A	1.95x	1.98x	N/A	-$61.11M	-33.17%	$93.16M	0.64	$237.40M	547.00
CPTN	CEPTON INC	$3.05	N/A	N/A	-0.99x	-0.98x	3.68x	-1.27x	N/A	-$36.78M	-76.43%	-$38.37M	-2.43	$7.46M	-0.15
LUNA	LUNA INNOVATIONS INC	$3.06	N/A	N/A	-38.25x	N/A	0.89x	1.10x	N/A	-$15.87M	-15.29%	$94.61M	2.79	$138.02M	27.44
TRMB	TRIMBLE INC	$55.93	$43.88	27.45%	44.39x	18.77x	3.65x	3.05x	0.53x	$555.10M	4.00%	$4.50B	18.15	$16.70B	21.73
GNSS	GENASYS INC	$2.24	N/A	N/A	-4.07x	N/A	2.42x	2.43x	N/A	-$10.76M	-10.98%	$40.55M	0.93	$98.90M	-8.81
MVIS	MICROVISION INC	$1.61	N/A	N/A	-3.58x	N/A	40.25x	3.28x	N/A	-$69.03M	-23.48%	$95.80M	0.52	$280.99M	-3.81
WATT	ENERGOUS CORP	$1.47	N/A	N/A	-0.35x	N/A	14.41x	0.78x	N/A	-$19.44M	-283.54%	$11.50M	2.47	-$3.73M	0.19
NOVT	NOVANTA INC	$159.89	$14.67	989.81%	78.76x	N/A	6.50x	8.51x	15.86x	$100.18M	1.75%	$673.46M	18.79	$6.03B	38.59
SOBR	SOBR SAFE INC	$0.26	N/A	N/A	-0.46x	N/A	28.44x	2.52x	N/A	-$5.93M	-127.73%	$2.04M	0.11	$5.01M	-0.56
SVRE	SAVERONE 2014 LTD	$0.74	N/A	N/A	-0.14x	N/A	1.71x	0.97x	N/A	-$35.15M	-756.76%	$10.57M	1.68	$1.66M	-0.05
MIND	MIND TECHNOLOGY INC	$5.80	N/A	N/A	-2.32x	N/A	0.22x	0.36x	N/A	-$5.26M	-64.48%	$22.64M	16.11	$4.19M	1.34
FARO	FARO TECHNOLOGIES INC	$18.16	N/A	N/A	-8.11x	N/A	0.97x	1.33x	N/A	$12.74M	3.68%	$261.98M	13.76	$356.93M	-15.47
MKSI	MKS INSTRUMENTS INC	$122.02	N/A	N/A	-4.43x	12.20x	2.25x	3.31x	N/A	$235.00M	2.88%	$2.47B	37.01	$12.30B	-10.47
MSAI	MULTISENSOR AI HOLDINGS INC	$2.74	N/A	N/A	-0.77x	N/A	3.16x	-122.25x	N/A	-$6.06M	-35.36%	-$268.00k	-0.04	$38.84M	-1.84
COHR	COHERENT CORP	$56.51	N/A	N/A	-20.04x	11.37x	1.85x	1.57x	N/A	$256.06M	2.99%	$5.47B	36.04	$11.94B	20.57
WRAP	WRAP TECHNOLOGIES INC	$1.69	N/A	N/A	-4.45x	N/A	7.90x	3.63x	N/A	-$16.67M	-23.14%	$20.57M	0.48	$70.01M	-4.87
FCUV	FOCUS UNIVERSAL INC	$0.30	N/A	N/A	-3.76x	N/A	17.71x	5.50x	N/A	-$3.55M	-19.60%	$3.55M	0.06	$20.16M	-4.47
KNW	KNOW LABS INC	$0.68	N/A	N/A	-1.84x	-5.23x	N/A	45.12x	N/A	-$10.91M	-19.85%	$1.23M	0.02	$53.36M	-3.74
ST	SENSATA TECHNOLOGIES HOLDING PLC	$40.07	N/A	N/A	-445.22x	8.00x	1.49x	2.03x	N/A	$276.42M	4.58%	$2.97B	19.74	$8.98B	18.18
AWIN	AERWINS TECHNOLOGIES INC	$3.65	N/A	N/A	-0.13x	N/A	N/A	-0.18x	N/A	-$6.58M	-306.44%	-$18.48M	-31.43	$6.65M	-0.26

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.

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)

Company

Stock Tools

Stock Ideas