According to
Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best tool & accessory stocks to buy right now are:
1. Lincoln Electric Holdings (NASDAQ:LECO)
The Component Grade breakdown for Lincoln Electric Holdings (NASDAQ:LECO) is: Value: C, Growth: C, Momentum: C, Sentiment: C, Safety: A, Financials: A, and AI: B.
Lincoln Electric Holdings (NASDAQ:LECO) has a Due Diligence Score of 54, which is 12 points higher than the tool & accessory industry average of 42.
LECO passed 20 out of 38 due diligence checks and has strong fundamentals. Lincoln Electric Holdings has seen its stock return 4.51% over the past year.
Lincoln Electric Holdings has an average 1 year
price target of $266.80, an upside of 17.59% from Lincoln Electric Holdings's current stock price of $226.89.
Lincoln Electric Holdings stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Lincoln Electric Holdings, 80% have issued a Strong Buy rating, 0% have issued a Buy, 20% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
2. Kennametal (NYSE:KMT)
Kennametal (NYSE:KMT) is the #2 top tool & accessory stock out of 10 with a Zen Rating of B. Stocks with a rating of B have had an average return of +19.88% per year.
Learn more.
The Component Grade breakdown for Kennametal (NYSE:KMT) is: Value: B, Growth: C, Momentum: C, Sentiment: B, Safety: A, Financials: C, and AI: C.
Kennametal (NYSE:KMT) has a Due Diligence Score of 37, which is -5 points lower than the tool & accessory industry average of 42. Although this number is below the industry average, our proven quant model rates KMT as a "B".
KMT passed 12 out of 38 due diligence checks and has average fundamentals. Kennametal has seen its stock lose -10.53% over the past year, underperforming other tool & accessory stocks by -15 percentage points.
Kennametal has an average 1 year
price target of $23.20, a downside of -11.65% from Kennametal's current stock price of $26.26.
Kennametal stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Kennametal, 0% have issued a Strong Buy rating, 0% have issued a Buy, 80% have issued a hold, while 0% have issued a Sell rating, and 20% have issued a Strong Sell.
3. Snap On (NYSE:SNA)
Snap On (NYSE:SNA) is the #3 top tool & accessory stock out of 10 with a Zen Rating of B. Stocks with a rating of B have had an average return of +19.88% per year.
Learn more.
The Component Grade breakdown for Snap On (NYSE:SNA) is: Value: B, Growth: C, Momentum: C, Sentiment: C, Safety: A, Financials: A, and AI: B.
Snap On (NYSE:SNA) has a Due Diligence Score of 46, which is 4 points higher than the tool & accessory industry average of 42.
SNA passed 16 out of 38 due diligence checks and has strong fundamentals. Snap On has seen its stock lose -2.67% over the past year, underperforming other tool & accessory stocks by -7 percentage points.
Snap On has an average 1 year
price target of $351.25, an upside of 2.19% from Snap On's current stock price of $343.71.
Snap On stock has a consensus Hold recommendation according to Wall Street analysts. Of the 4 analysts covering Snap On, 0% have issued a Strong Buy rating, 50% have issued a Buy, 25% have issued a hold, while 25% have issued a Sell rating, and 0% have issued a Strong Sell.