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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...
Ticker
Company
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
GRMN
GARMIN LTD
$28.38B$147.98$134.00-9.45%Buy69.91%-10.33%N/AN/A
ITRI
ITRON INC
$4.17B$91.54$90.13-1.55%Buy85.99%35.85%N/AN/A
KEYS
KEYSIGHT TECHNOLOGIES INC
$27.20B$155.84$159.752.51%Buy4-0.62%36.30%N/AN/A
FTV
FORTIVE CORP
$30.23B$86.02$83.38-3.07%Buy86.18%37.63%N/AN/A
SOTK
SONO TEK CORP
$77.15M$4.90N/AN/AN/AN/A10.27%N/AN/AN/A
BMI
BADGER METER INC
$4.73B$161.00$147.00-8.70%Hold17.58%1.66%N/AN/A
TDY
TELEDYNE TECHNOLOGIES INC
$20.32B$429.01$470.009.55%Strong Buy24.25%7.04%N/AN/A
CGNX
COGNEX CORP
$7.29B$42.48$47.8312.60%Buy612.63%88.29%N/AN/A
ESE
ESCO TECHNOLOGIES INC
$2.73B$105.94N/AN/AN/AN/AN/AN/AN/AN/A
MLAB
MESA LABORATORIES INC
$578.51M$107.25$125.0016.55%Buy15.97%666.20%N/AN/A
ELSE
ELECTRO SENSORS INC
$14.64M$4.27N/AN/AN/AN/AN/AN/AN/AN/A
CPTN
CEPTON INC
$44.21M$2.79$2.50-10.39%Hold1313.14%N/AN/A-17.12%
VPG
VISHAY PRECISION GROUP INC
$465.98M$34.82$41.0017.75%Strong Buy1-2.29%N/AN/AN/A
NOVT
NOVANTA INC
$6.23B$173.80N/AN/AN/AN/A11.84%N/AN/AN/A
BKSY
BLACKSKY TECHNOLOGY INC
$200.38M$1.37$3.00118.98%Strong Buy128.80%N/AN/AN/A
TRMB
TRIMBLE INC
$15.55B$63.30$64.001.11%Buy6-0.94%93.14%N/AN/A
LUNA
LUNA INNOVATIONS INC
$114.27M$3.37$8.00137.74%Buy118.45%N/AN/AN/A
FARO
FARO TECHNOLOGIES INC
$409.93M$21.61$27.0024.94%Buy1N/AN/AN/AN/A
MVIS
MICROVISION INC
$355.39M$1.82$3.0064.84%Hold1N/AN/AN/AN/A
GNSS
GENASYS INC
$105.67M$2.40$3.5045.83%Strong Buy119.96%N/AN/AN/A
SOBR
SOBR SAFE INC
$9.27M$0.50N/AN/AN/AN/AN/AN/AN/AN/A
SVRE
SAVERONE 2014 LTD
$19.06M$1.37N/AN/AN/AN/A11.03%N/AN/AN/A
WATT
ENERGOUS CORP
$10.16M$1.95N/AN/AN/AN/AN/AN/AN/AN/A
FCUV
FOCUS UNIVERSAL INC
$28.85M$0.45N/AN/AN/AN/AN/AN/AN/AN/A
MKSI
MKS INSTRUMENTS INC
$8.85B$131.92$131.67-0.19%Strong Buy34.52%N/AN/AN/A
COHR
COHERENT CORP
$9.24B$60.88$63.674.58%Strong Buy96.96%N/AN/AN/A
VNT
VONTIER CORP
$6.89B$44.74$44.830.21%Strong Buy6N/AN/AN/AN/A
MSAI
MULTISENSOR AI HOLDINGS INC
$24.15M$2.02N/AN/AN/AN/AN/AN/AN/AN/A
MIND
MIND TECHNOLOGY INC
$6.20M$4.41N/AN/AN/AN/AN/AN/AN/AN/A
ST
SENSATA TECHNOLOGIES HOLDING PLC
$5.48B$36.43$38.806.51%Hold52.14%N/AN/AN/A
WRAP
WRAP TECHNOLOGIES INC
$96.61M$2.19N/AN/AN/AN/AN/AN/AN/AN/A
KNW
KNOW LABS INC
$51.90M$0.64N/AN/AN/AN/AN/AN/AN/AN/A
AWIN
AERWINS TECHNOLOGIES INC
$4.64M$0.07N/AN/AN/AN/AN/AN/AN/AN/A

Scientific & Technical Instrument Stocks FAQ

What are the best scientific & technical instrument stocks to buy right now in Mar 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 53.51% over the past year, overperforming other scientific & technical instrument stocks by 43 percentage points.

Garmin has an average 1 year price target of $134.00, a downside of -9.45% from Garmin's current stock price of $147.98.

Garmin stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Garmin, 33.33% have issued a Strong Buy rating, 0% have issued a Buy, 66.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Itron (NASDAQ:ITRI)


Itron (NASDAQ:ITRI) is the second best scientific & technical instrument stock with a Zen Score of 54, which is 26 points higher than the scientific & technical instrument industry average of 28. It passed 17 out of 33 due diligence checks and has strong fundamentals. Itron has seen its stock return 74.43% over the past year, overperforming other scientific & technical instrument stocks by 64 percentage points.

Itron has an average 1 year price target of $90.13, a downside of -1.55% from Itron's current stock price of $91.54.

Itron stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Itron, 25% have issued a Strong Buy rating, 37.5% have issued a Buy, 37.5% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Keysight Technologies (NYSE:KEYS)


Keysight Technologies (NYSE:KEYS) is the third 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 0.06% over the past year, underperforming other scientific & technical instrument stocks by -11 percentage points.

Keysight Technologies has an average 1 year price target of $159.75, an upside of 2.51% from Keysight Technologies's current stock price of $155.84.

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.

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 1.97%, which is 1 percentage points higher than the scientific & technical instrument industry average of 0.73%. 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 1.32%, which is 1 percentage points higher than the scientific & technical instrument industry average of 0.73%.

Sensata Technologies Holding's dividend payout ratio of -1,600% indicates that its dividend yield might not be sustainable for the long-term.

3. Cognex (NASDAQ:CGNX)


Cognex (NASDAQ:CGNX) has an annual dividend yield of 0.68%, which is the same as the scientific & technical instrument industry average of 0.73%. Cognex's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Cognex's dividend has shown consistent growth over the last 10 years.

Cognex's dividend payout ratio of 43.2% indicates that its dividend yield is sustainable for the long-term.

Why are scientific & technical instrument stocks up?

Scientific & technical instrument stocks were up 1.99% in the last day, and up 1.82% 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. Itron (NASDAQ:ITRI)


Itron (NASDAQ:ITRI) is the most undervalued scientific & technical instrument stock based on WallStreetZen's Valuation Score. Itron has a valuation score of 57, which is 34 points higher than the scientific & technical instrument industry average of 23. It passed 4 out of 7 valuation due diligence checks.

Itron's stock has gained 74.43% in the past year. It has overperformed other stocks in the scientific & technical instrument industry by 64 percentage points.

2. Esco Technologies (NYSE:ESE)


Esco Technologies (NYSE:ESE) is the second most undervalued scientific & technical instrument stock based on WallStreetZen's Valuation Score. Esco Technologies has a valuation score of 43, which is 20 points higher than the scientific & technical instrument industry average of 23. It passed 3 out of 7 valuation due diligence checks.

Esco Technologies's stock has gained 16.61% in the past year. It has overperformed other stocks in the scientific & technical instrument industry by 6 percentage points.

3. Fortive (NYSE:FTV)


Fortive (NYSE:FTV) is the third most undervalued scientific & technical instrument stock based on WallStreetZen's Valuation Score. Fortive has a valuation score of 43, which is 20 points higher than the scientific & technical instrument industry average of 23. It passed 3 out of 7 valuation due diligence checks.

Fortive's stock has gained 30.43% in the past year. It has overperformed other stocks in the scientific & technical instrument industry by 20 percentage points.

Are scientific & technical instrument stocks a good buy now?

45% of scientific & technical instrument stocks rated by analysts are a buy right now. On average, analysts expect scientific & technical instrument stocks to rise by 3.78% 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 -6.68x.
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