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Best Tool & Accessory Stocks to Buy Now (2024)
Top tool & accessory stocks in 2024 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
Price
1d %
1w %
1m %
3m %
6m %
1y %
3y %
5y %
10y %
52-week High
52-week Low
% off 52-week High
% off 52-week Low
Beta
Volume
Vol 1d %
KMT
KENNAMETAL INC
$24.161.94%1.68%0.29%-3.51%3.47%-11.63%-41.03%-39.20%-49.77%$30.60$22.0821.05%9.45%1.37691,997-2.89%
TTC
TORO CO
$87.740.58%1.18%1.05%-6.60%4.83%-15.84%-23.70%19.46%172.78%$108.50$78.3519.13%11.98%0.81432,984-21.59%
TKR
TIMKEN CO
$89.171.92%5.09%3.21%3.78%25.70%15.46%4.34%76.47%41.65%$95.08$65.716.22%35.70%1.26578,864-21.58%
SNA
SNAP-ON INC
$266.87-0.32%-1.22%-8.63%-8.80%1.33%1.83%11.96%57.54%131.32%$298.49$247.6810.59%7.75%0.95338,949-5.52%
LECO
LINCOLN ELECTRIC HOLDINGS INC
$222.561.47%-2.36%-10.69%-1.74%23.30%30.78%71.82%157.21%231.73%$261.13$164.0014.77%35.71%0.95237,879-41.10%
SCX
STARRETT L S CO
$16.08-0.12%0.37%1.58%15.68%50.14%62.84%165.35%105.89%5.58%$16.17$8.550.56%88.07%0.4343,5266.86%
RBC
RBC BEARINGS INC
$251.181.19%2.84%-4.66%-8.95%13.59%8.42%24.54%81.25%303.63%$288.16$195.1812.83%28.69%1.3497,677-54.27%
EML
EASTERN CO
$30.96-3.19%-3.61%-5.26%28.73%77.52%82.44%7.17%18.30%78.14%$35.78$16.1013.47%92.30%1.1014,8176.64%
TBLT
TOUGHBUILT INDUSTRIES INC
$2.373.49%-5.95%-19.93%-61.77%-79.69%-96.15%-99.97%-100.00%N/A$70.85$2.1296.65%11.79%0.8839,36415.14%
CVR
CHICAGO RIVET & MACHINE CO
$16.291.69%4.83%-0.97%-5.01%-6.97%-43.83%-37.59%-42.36%-57.56%$29.33$14.7344.46%10.59%0.231,221433.19%
SWK
STANLEY BLACK & DECKER INC
$84.99-7.52%-4.32%-10.05%-6.22%-1.77%-0.58%-59.64%-43.33%-1.09%$104.21$73.8718.44%15.05%1.357,172,158143.91%
HLMN
HILLMAN SOLUTIONS CORP
$9.881.96%2.07%-4.36%10.76%44.87%20.63%-12.49%N/AN/A$10.85$6.028.90%64.12%0.98639,966-40.26%

Tool & Accessory Stocks FAQ

What are the best tool & accessory stocks to buy right now in May 2024?

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

1. Kennametal (NYSE:KMT)


Kennametal (NYSE:KMT) is the top tool & accessory stock with a Zen Score of 59, which is 22 points higher than the tool & accessory industry average of 37. It passed 21 out of 38 due diligence checks and has strong fundamentals. Kennametal has seen its stock lose -11.63% over the past year, underperforming other tool & accessory stocks by -13 percentage points.

Kennametal has an average 1 year price target of $24.00, a downside of -0.66% from Kennametal's current stock price of $24.16.

Kennametal stock has a consensus Sell recommendation according to Wall Street analysts. Of the 3 analysts covering Kennametal, 0% 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 33.33% have issued a Strong Sell.

2. Toro Co (NYSE:TTC)


Toro Co (NYSE:TTC) is the second best tool & accessory stock with a Zen Score of 51, which is 14 points higher than the tool & accessory industry average of 37. It passed 18 out of 38 due diligence checks and has strong fundamentals. Toro Co has seen its stock lose -15.84% over the past year, underperforming other tool & accessory stocks by -18 percentage points.

Toro Co has an average 1 year price target of $97.50, an upside of 11.12% from Toro Co's current stock price of $87.74.

Toro Co stock has a consensus Hold recommendation according to Wall Street analysts. Of the 2 analysts covering Toro Co, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Timken Co (NYSE:TKR)


Timken Co (NYSE:TKR) is the third best tool & accessory stock with a Zen Score of 50, which is 13 points higher than the tool & accessory industry average of 37. It passed 17 out of 38 due diligence checks and has strong fundamentals. Timken Co has seen its stock return 15.46% over the past year, overperforming other tool & accessory stocks by 14 percentage points.

Timken Co has an average 1 year price target of $89.33, an upside of 0.18% from Timken Co's current stock price of $89.17.

Timken Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Timken Co, 33.33% have issued a Strong Buy rating, 11.11% have issued a Buy, 55.56% 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 8 tool & accessory stocks that have issued dividends in the past year, the 3 tool & accessory stocks with the highest dividend yields are:

1. Stanley Black & Decker (NYSE:SWK)


Stanley Black & Decker (NYSE:SWK) has an annual dividend yield of 3.8%, which is 1 percentage points higher than the tool & accessory industry average of 2.33%. 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 -468.1% indicates that its dividend yield might not be sustainable for the long-term.

2. Kennametal (NYSE:KMT)


Kennametal (NYSE:KMT) has an annual dividend yield of 3.31%, which is 1 percentage points higher than the tool & accessory industry average of 2.33%. 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 52.3% indicates that its dividend yield is sustainable for the long-term.

3. Chicago Rivet & Machine Co (NYSEMKT:CVR)


Chicago Rivet & Machine Co (NYSEMKT:CVR) has an annual dividend yield of 3.19%, which is 1 percentage points higher than the tool & accessory industry average of 2.33%. Chicago Rivet & Machine Co's dividend payout is not stable, having dropped more than 10% seven times in the last 10 years. Chicago Rivet & Machine Co's dividend has not shown consistent growth over the last 10 years.

Chicago Rivet & Machine Co's dividend payout ratio of -11.4% indicates that its dividend yield might not be sustainable for the long-term.

Why are tool & accessory stocks up?

Tool & accessory stocks were up 0.05% in the last day, and down -0.01% over the last week.

We couldn't find a catalyst for why tool & accessory stocks are up.

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. Kennametal (NYSE:KMT)


Kennametal (NYSE:KMT) is the most undervalued tool & accessory stock based on WallStreetZen's Valuation Score. Kennametal has a valuation score of 71, which is 37 points higher than the tool & accessory industry average of 34. It passed 5 out of 7 valuation due diligence checks.

Kennametal's stock has dropped -11.63% in the past year. It has underperformed other stocks in the tool & accessory industry by -13 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 37 points higher than the tool & accessory industry average of 34. It passed 5 out of 7 valuation due diligence checks.

Starrett L S Co's stock has gained 62.84% in the past year. It has overperformed other stocks in the tool & accessory industry by 61 percentage points.

3. Timken Co (NYSE:TKR)


Timken Co (NYSE:TKR) is the third most undervalued tool & accessory stock based on WallStreetZen's Valuation Score. Timken Co has a valuation score of 57, which is 23 points higher than the tool & accessory industry average of 34. It passed 4 out of 7 valuation due diligence checks.

Timken Co's stock has gained 15.46% in the past year. It has overperformed other stocks in the tool & accessory industry by 14 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 9.52% 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 -11.48x.
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