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	$143.45	N/A	N/A	21.28x	23.59x	5.26x	3.92x	N/A	$1.18B	4.30%	$7.01B	36.56	$25.93B	18.82
KEYS	KEYSIGHT TECHNOLOGIES INC	$148.55	$92.74	60.19%	27.11x	18.97x	4.87x	5.38x	0.83x	$1.19B	4.57%	$4.82B	27.53	$26.24B	16.81
FTV	FORTIVE CORP	$75.97	$41.04	85.12%	29.68x	21.34x	4.36x	2.55x	0.99x	$1.34B	5.03%	$10.48B	29.79	$29.98B	18.33
BMI	BADGER METER INC	$185.52	N/A	N/A	53.16x	66.26x	7.34x	10.18x	N/A	$103.20M	1.90%	$535.57M	18.27	$5.25B	32.28
SOTK	SONO TEK CORP	$4.44	$0.81	451.13%	63.43x	N/A	3.76x	4.35x	3.69x	$1.30M	1.87%	$16.07M	1.02	$66.93M	29.32
MLAB	MESA LABORATORIES INC	$103.19	$53.36	93.39%	607.00x	10.34x	2.61x	1.38x	0.69x	$40.71M	7.32%	$402.96M	74.72	$761.35M	19.56
ITRI	ITRON INC	$95.75	$38.42	149.24%	44.95x	29.92x	2.00x	3.33x	1.25x	$98.09M	2.26%	$1.31B	28.86	$4.55B	22.03
TDY	TELEDYNE TECHNOLOGIES INC	$374.64	$144.88	158.59%	19.93x	18.57x	3.13x	1.92x	3.15x	$721.20M	4.09%	$9.22B	195.78	$20.35B	15.05
CGNX	COGNEX CORP	$40.61	$21.98	84.76%	61.53x	27.07x	8.35x	4.63x	0.77x	$89.84M	1.29%	$1.50B	8.74	$6.85B	43.54
ESE	ESCO TECHNOLOGIES INC	$105.34	$24.00	338.83%	29.18x	N/A	2.80x	2.35x	8.80x	$56.67M	2.09%	$1.15B	44.74	$2.87B	15.89
ELSE	ELECTRO SENSORS INC	$4.15	$0.59	601.16%	51.83x	N/A	1.66x	1.03x	9.53x	$60.00k	0.43%	$13.76M	4.01	$4.34M	9.18
CPTN	CEPTON INC	$2.91	N/A	N/A	-0.94x	-0.94x	3.51x	-1.21x	N/A	-$36.78M	-80.10%	-$38.37M	-2.43	$5.24M	-0.11
VPG	VISHAY PRECISION GROUP INC	$33.41	$11.07	201.93%	17.68x	N/A	1.28x	1.36x	16.89x	$30.78M	6.79%	$329.84M	24.30	$421.63M	7.31
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
MVIS	MICROVISION INC	$1.50	N/A	N/A	-3.33x	N/A	37.50x	3.06x	N/A	-$69.03M	-25.20%	$95.80M	0.52	$259.51M	-3.51
NOVT	NOVANTA INC	$159.41	$14.67	986.54%	78.53x	N/A	6.48x	8.48x	15.81x	$100.18M	1.75%	$673.46M	18.79	$6.01B	38.48
TRMB	TRIMBLE INC	$60.15	$43.88	37.07%	47.74x	20.18x	3.93x	3.28x	0.57x	$555.10M	3.72%	$4.50B	18.15	$17.74B	23.08
LUNA	LUNA INNOVATIONS INC	$1.99	N/A	N/A	-24.88x	N/A	0.58x	0.71x	N/A	-$15.87M	-23.52%	$94.61M	2.79	$101.68M	20.22
GNSS	GENASYS INC	$2.17	N/A	N/A	-3.95x	N/A	2.34x	2.36x	N/A	-$10.76M	-11.34%	$40.55M	0.93	$95.82M	-8.53
WATT	ENERGOUS CORP	$1.36	N/A	N/A	-0.33x	N/A	13.33x	0.72x	N/A	-$19.44M	-306.47%	$11.50M	2.47	-$4.40M	0.23
SOBR	SOBR SAFE INC	$0.28	N/A	N/A	-0.51x	N/A	31.44x	2.78x	N/A	-$5.93M	-115.55%	$2.04M	0.11	$5.55M	-0.62
FARO	FARO TECHNOLOGIES INC	$18.92	N/A	N/A	-6.33x	N/A	1.00x	1.34x	N/A	-$12.92M	-3.61%	$268.61M	14.20	$371.14M	-10.50
SVRE	SAVERONE 2014 LTD	$0.66	N/A	N/A	-0.12x	N/A	1.52x	0.86x	N/A	-$35.15M	-853.66%	$10.57M	1.68	$487.80k	-0.02
VNT	VONTIER CORP	$41.22	$14.08	192.81%	16.96x	N/A	2.07x	7.12x	19.49x	$399.40M	6.25%	$890.40M	5.74	$8.35B	11.89
COHR	COHERENT CORP	$55.06	N/A	N/A	-19.52x	11.08x	1.81x	1.53x	N/A	$256.06M	3.06%	$5.47B	36.04	$11.72B	20.19
MSAI	MULTISENSOR AI HOLDINGS INC	$2.73	N/A	N/A	-0.77x	N/A	3.15x	-121.80x	N/A	-$6.06M	-35.49%	-$268.00k	-0.04	$38.72M	-1.83
MIND	MIND TECHNOLOGY INC	$4.15	N/A	N/A	-1.31x	N/A	0.15x	0.28x	N/A	-$6.14M	-105.28%	$21.20M	15.08	$1.78M	0.78
ST	SENSATA TECHNOLOGIES HOLDING PLC	$34.98	N/A	N/A	-1,166.00x	6.98x	1.30x	1.76x	N/A	$272.07M	5.17%	$3.00B	19.91	$8.15B	16.08
MKSI	MKS INSTRUMENTS INC	$120.75	N/A	N/A	-4.38x	12.08x	2.23x	3.28x	N/A	$235.00M	2.91%	$2.47B	37.01	$12.22B	-10.40
WRAP	WRAP TECHNOLOGIES INC	$1.84	N/A	N/A	-4.84x	N/A	8.60x	3.95x	N/A	-$16.67M	-21.25%	$20.57M	0.48	$76.64M	-5.33
KNW	KNOW LABS INC	$0.65	N/A	N/A	-1.75x	-4.98x	N/A	42.93x	N/A	-$10.91M	-20.87%	$1.23M	0.02	$50.68M	-3.55
FCUV	FOCUS UNIVERSAL INC	$0.32	N/A	N/A	-4.03x	N/A	18.94x	5.88x	N/A	-$3.55M	-18.32%	$3.55M	0.06	$21.52M	-4.77
AWIN	AERWINS TECHNOLOGIES INC	$2.99	N/A	N/A	-0.06x	N/A	0.59x	-0.13x	N/A	-$13.43M	-718.06%	-$14.96M	-23.92	$8.60M	-0.35

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.

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. Esco Technologies (NYSE:ESE)

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