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Best Tool & Accessory Stocks to Buy Now (2022)
Top tool & accessory stocks in 2022 ranked by overall Zen Score. See the best tool & accessory stocks to buy now, according to analyst forecasts for the tools & accessories industry.

Industry: Tools & Accessories
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
LECO
LINCOLN ELECTRIC HOLDINGS INC
NASDAQ
Tools & Accessories
$7.36B$127.14-0.59%$535.83M20.67x2.00
GFF
GRIFFON CORP
NYSE
Tools & Accessories
$1.68B$29.39-0.64%$432.73M6.29x2.87
SNA
SNAP-ON INC
NYSE
Tools & Accessories
$10.80B$202.76-2.56%$1.29B12.49x0.58
KMT
KENNAMETAL INC
NYSE
Tools & Accessories
$1.73B$21.24-1.53%$358.75M12.21x1.02
TTC
TORO CO
NYSE
Tools & Accessories
$9.05B$86.84-1.22%$584.24M23.66x1.67
TKR
TIMKEN CO
NYSE
Tools & Accessories
$4.32B$58.85-3.68%$722.70M11.77x1.43
EML
EASTERN CO
NASDAQ
Tools & Accessories
$108.18M$17.400.00%$28.89M7.22x1.29
SCX
STARRETT L S CO
NYSE
Tools & Accessories
$65.34M$8.960.67%$28.15M4.35x0.95
SWK
STANLEY BLACK & DECKER INC
NYSE
Tools & Accessories
$11.41B$77.21-2.99%$1.64B12.10x2.23
TBLT
TOUGHBUILT INDUSTRIES INC
NASDAQ
Tools & Accessories
$25.76M$2.09-9.91%-$44.80M-0.04x1.01
CVR
CHICAGO RIVET & MACHINE CO
NYSEMKT
Tools & Accessories
$25.26M$26.150.61%$2.38M29.72x0.12
RBC
RBC BEARINGS INC
NYSE
Tools & Accessories
$6.10B$210.74-1.79%$238.74M121.82x0.98
PFIN
P&F INDUSTRIES INC
NASDAQ
Tools & Accessories
$17.09M$5.350.00%$3.19M-35.67x0.44
HLMN
HILLMAN SOLUTIONS CORP
NASDAQ
Tools & Accessories
$1.48B$7.59-3.44%$145.93M-151.80x1.22

Tool & Accessory Stocks FAQ

What are the best tool & accessory stocks to buy right now in Oct 2022?

According to Zen Score, the 3 best tool & accessory stocks to buy right now are:

1. Lincoln Electric Holdings (NASDAQ:LECO)


Lincoln Electric Holdings (NASDAQ:LECO) is the top tool & accessory stock with a Zen Score of 64, which is 24 points higher than the tool & accessory industry average of 40. It passed 24 out of 38 due diligence checks and has strong fundamentals. Lincoln Electric Holdings has seen its stock lose -3.78% over the past year, overperforming other tool & accessory stocks by 18 percentage points.

Lincoln Electric Holdings has an average 1 year price target of $147.00, an upside of 15.62% from Lincoln Electric Holdings's current stock price of $127.14.

Lincoln Electric Holdings stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Lincoln Electric Holdings, 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.

2. Griffon (NYSE:GFF)


Griffon (NYSE:GFF) is the second best tool & accessory stock with a Zen Score of 59, which is 19 points higher than the tool & accessory industry average of 40. It passed 22 out of 38 due diligence checks and has strong fundamentals. Griffon has seen its stock return 19.37% over the past year, overperforming other tool & accessory stocks by 41 percentage points.

Griffon has an average 1 year price target of $47.00, an upside of 59.92% from Griffon's current stock price of $29.39.

Griffon stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Griffon, 50% have issued a Strong Buy rating, 50% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Snap On (NYSE:SNA)


Snap On (NYSE:SNA) is the third best tool & accessory stock with a Zen Score of 58, which is 18 points higher than the tool & accessory industry average of 40. It passed 21 out of 38 due diligence checks and has strong fundamentals. Snap On has seen its stock lose -5.72% over the past year, overperforming other tool & accessory stocks by 16 percentage points.

Snap On has an average 1 year price target of $268.00, an upside of 32.18% from Snap On's current stock price of $202.76.

Snap On stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Snap On, 0% have issued a Strong Buy rating, 50% 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 tool & accessory stocks with highest dividends?

Out of 10 tool & accessory stocks that have issued dividends in the past year, the 3 tool & accessory stocks with the highest dividend yields are:

1. Griffon (NYSE:GFF)


Griffon (NYSE:GFF) has an annual dividend yield of 8.03%, which is 5 percentage points higher than the tool & accessory industry average of 3.07%. Griffon's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Griffon's dividend has shown consistent growth over the last 10 years.

Griffon's dividend payout ratio of 50.3% indicates that its high dividend yield is sustainable for the long-term.

2. Stanley Black & Decker (NYSE:SWK)


Stanley Black & Decker (NYSE:SWK) has an annual dividend yield of 4.11%, which is 1 percentage points higher than the tool & accessory industry average of 3.07%. Stanley Black & Decker's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Stanley Black & Decker's dividend has shown consistent growth over the last 10 years.

Stanley Black & Decker's dividend payout ratio of 49.5% indicates that its dividend yield is sustainable for the long-term.

3. Kennametal (NYSE:KMT)


Kennametal (NYSE:KMT) has an annual dividend yield of 3.77%, which is 1 percentage points higher than the tool & accessory industry average of 3.07%. Kennametal's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Kennametal's dividend has shown consistent growth over the last 10 years.

Kennametal's dividend payout ratio of 46% indicates that its dividend yield is sustainable for the long-term.

Why are tool & accessory stocks down?

Tool & accessory stocks were down -1.83% in the last day, and down -3.16% over the last week. Stanley Black & Decker was the among the top losers in the tools & accessories industry, dropping -2.99% yesterday.

Shares of several companies in the broader industrials sector are trading lower as stocks pull back after gaining on Wednesday. Jobless claims for September came in below estimates, adding to concern of further Fed rate hikes which could impact economic activity and consumer spending.

What are the most undervalued tool & accessory stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued tool & accessory stocks right now are:

1. Eastern Co (NASDAQ:EML)


Eastern Co (NASDAQ:EML) is the most undervalued tool & accessory stock based on WallStreetZen's Valuation Score. Eastern Co has a valuation score of 86, which is 42 points higher than the tool & accessory industry average of 44. It passed 6 out of 7 valuation due diligence checks.

Eastern Co's stock has dropped -30.29% in the past year. It has underperformed other stocks in the tool & accessory industry by -8 percentage points.

2. Starrett L S Co (NYSE:SCX)


Starrett L S Co (NYSE:SCX) is the second most undervalued tool & accessory stock based on WallStreetZen's Valuation Score. Starrett L S Co has a valuation score of 71, which is 27 points higher than the tool & accessory industry average of 44. It passed 5 out of 7 valuation due diligence checks.

Starrett L S Co's stock has dropped -28.72% in the past year. It has underperformed other stocks in the tool & accessory industry by -7 percentage points.

3. Kennametal (NYSE:KMT)


Kennametal (NYSE:KMT) is the third most undervalued tool & accessory stock based on WallStreetZen's Valuation Score. Kennametal has a valuation score of 57, which is 13 points higher than the tool & accessory industry average of 44. It passed 4 out of 7 valuation due diligence checks.

Kennametal's stock has dropped -39.45% in the past year. It has underperformed other stocks in the tool & accessory industry by -18 percentage points.

Are tool & accessory stocks a good buy now?

50% of tool & accessory stocks rated by analysts are a buy right now. On average, analysts expect tool & accessory stocks to rise by 24.64% over the next year.

What is the average p/e ratio of the tools & accessories industry?

The average P/E ratio of the tools & accessories industry is 22.93x.
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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.