Sectors & IndustriesIndustrialsSpecialty Industrial Machinery

Best Specialty Industrial Machinery Stocks to Buy Now (2023)

Top specialty industrial machinery stocks in 2023 ranked by overall Zen Score. See the best specialty industrial machinery stocks to buy now, according to analyst forecasts for the specialty industrial machinery industry.

According to Zen Score, the 3 best specialty industrial machinery stocks to buy right now are:

Nisun International Enterprise Development Group Co (NASDAQ:NISN) is the top specialty industrial machinery stock with a Zen Score of 65, which is 28 points higher than the specialty industrial machinery industry average of 37. It passed 21 out of 33 due diligence checks and has strong fundamentals. Nisun International Enterprise Development Group Co has seen its stock lose -50.21% over the past year, underperforming other specialty industrial machinery stocks by -56 percentage points.

Taylor Devices (NASDAQ:TAYD) is the second best specialty industrial machinery stock with a Zen Score of 64, which is 27 points higher than the specialty industrial machinery industry average of 37. It passed 20 out of 33 due diligence checks and has strong fundamentals. Taylor Devices has seen its stock return 111.86% over the past year, overperforming other specialty industrial machinery stocks by 106 percentage points.

Cummins (NYSE:CMI) is the third best specialty industrial machinery stock with a Zen Score of 62, which is 25 points higher than the specialty industrial machinery industry average of 37. It passed 23 out of 38 due diligence checks and has strong fundamentals. Cummins has seen its stock return 2.91% over the past year, underperforming other specialty industrial machinery stocks by -3 percentage points.

Cummins has an average 1 year price target of $255.57, an upside of 17.34% from Cummins's current stock price of $217.80.

Cummins stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Cummins, 14.29% have issued a Strong Buy rating, 28.57% have issued a Buy, 57.14% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 45 specialty industrial machinery stocks that have issued dividends in the past year, the 3 specialty industrial machinery stocks with the highest dividend yields are:

3m Co (NYSE:MMM) has an annual dividend yield of 5.83%, which is 4 percentage points higher than the specialty industrial machinery industry average of 1.46%. 3m Co's dividend payout is stable, having never dropped by more than 10% in the last 10 years. 3m Co's dividend has shown consistent growth over the last 10 years.

3m Co's dividend payout ratio of 61.4% indicates that its high dividend yield is sustainable for the long-term.

China Yuchai International (NYSE:CYD) has an annual dividend yield of 4.4%, which is 3 percentage points higher than the specialty industrial machinery industry average of 1.46%. China Yuchai International's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. China Yuchai International's dividend has not shown consistent growth over the last 10 years.

China Yuchai International's dividend payout ratio of 51.6% indicates that its dividend yield is sustainable for the long-term.

Luxfer Holdings (NYSEMKT:LXFR) has an annual dividend yield of 3.41%, which is 2 percentage points higher than the specialty industrial machinery industry average of 1.46%. Luxfer Holdings's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Luxfer Holdings's dividend has shown consistent growth over the last 10 years.

Luxfer Holdings's dividend payout ratio of 71.2% indicates that its dividend yield is sustainable for the long-term.

Specialty industrial machinery stocks were up 4.09% in the last day, and up 3.49% over the last week. American Superconductor was the among the top gainers in the specialty industrial machinery industry, gaining 14.29% yesterday.

Shares of several companies in the broader industrials space are trading higher on overall market strength amid renewed economic optimism following US Senate passage of a debt limit bill and strong US jobs data.

Based on WallStreetZen's Valuation Score, the 3 most undervalued specialty industrial machinery stocks right now are:

Taylor Devices (NASDAQ:TAYD) is the most undervalued specialty industrial machinery stock based on WallStreetZen's Valuation Score. Taylor Devices has a valuation score of 86, which is 55 points higher than the specialty industrial machinery industry average of 31. It passed 6 out of 7 valuation due diligence checks.

Taylor Devices's stock has gained 111.86% in the past year. It has overperformed other stocks in the specialty industrial machinery industry by 106 percentage points.

Greenland Technologies Holding (NASDAQ:GTEC) is the second most undervalued specialty industrial machinery stock based on WallStreetZen's Valuation Score. Greenland Technologies Holding has a valuation score of 71, which is 40 points higher than the specialty industrial machinery industry average of 31. It passed 5 out of 7 valuation due diligence checks.

Greenland Technologies Holding's stock has dropped -52.15% in the past year. It has underperformed other stocks in the specialty industrial machinery industry by -58 percentage points.

Hongli Group (NASDAQ:HLP) is the third most undervalued specialty industrial machinery stock based on WallStreetZen's Valuation Score. Hongli Group has a valuation score of 71, which is 40 points higher than the specialty industrial machinery industry average of 31. It passed 5 out of 7 valuation due diligence checks.