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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
Volume
Vol 1d %
SMA 10
SMA 20
SMA 50
SMA 100
SMA 200
RSI
Stochastic %K
Stochastic %D
StochRSI %K
StochRSI %D
MACD
MACD Signal
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Beta
KMT
KENNAMETAL INC
$24.86401,68617.39%24.1224.6324.6024.4825.4954.3241.4937.3451.9246.29-0.12-0.11-0.001.37
LECO
LINCOLN ELECTRIC HOLDINGS INC
$258.37370,00530.61%253.47253.58240.78222.11205.3263.9166.0568.4551.9160.743.964.44-0.470.95
TKR
TIMKEN CO
$88.14397,645-10.11%86.4385.8983.1979.4579.5560.5153.0058.5627.5837.041.271.250.031.27
SNA
SNAP-ON INC
$296.94242,447-24.75%291.32289.56283.69281.44274.5864.5266.0861.8538.4932.763.543.300.240.96
TTC
TORO CO
$90.10591,518-13.75%89.7890.3792.4790.1591.8947.2448.9946.6474.0074.86-0.73-0.860.130.81
SCX
STARRETT L S CO
$15.9020,002-69.98%15.8413.7813.0011.8611.3876.3398.4498.6799.6099.451.140.970.170.43
RBC
RBC BEARINGS INC
$271.7481,261-11.38%264.92266.15269.50263.60244.5555.7356.5746.6171.1465.24-0.71-1.300.601.35
EML
EASTERN CO
$34.2030,53899.84%30.3927.4725.6622.9620.4985.2690.9993.94100.0099.822.301.510.791.11
TBLT
TOUGHBUILT INDUSTRIES INC
$2.9814,060-60.28%3.063.404.607.5913.3227.216.167.0931.4528.78-0.50-0.560.060.86
CVR
CHICAGO RIVET & MACHINE CO
$16.38385-4.23%15.8415.5615.9516.3218.7055.7145.7937.9870.6062.550.09-0.070.160.23
HLMN
HILLMAN SOLUTIONS CORP
$10.661,174,858-9.74%10.149.939.418.718.6971.7787.1784.6880.9474.680.290.250.040.97
SWK
STANLEY BLACK & DECKER INC
$97.061,415,74233.35%92.4591.5191.2392.1890.8464.8680.3378.6780.1680.561.200.510.691.36

Tool & Accessory Stocks FAQ

What are the best tool & accessory stocks to buy right now in Mar 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 57, which is 21 points higher than the tool & accessory industry average of 36. It passed 20 out of 38 due diligence checks and has strong fundamentals. Kennametal has seen its stock lose -4.64% over the past year, underperforming other tool & accessory stocks by -18 percentage points.

Kennametal has an average 1 year price target of $24.00, a downside of -3.46% from Kennametal's current stock price of $24.86.

Kennametal stock has a consensus Sell recommendation according to Wall Street analysts. Of the 4 analysts covering Kennametal, 0% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 50% have issued a Strong Sell.

2. Lincoln Electric Holdings (NASDAQ:LECO)


Lincoln Electric Holdings (NASDAQ:LECO) is the second best tool & accessory stock with a Zen Score of 53, which is 17 points higher than the tool & accessory industry average of 36. It passed 19 out of 38 due diligence checks and has strong fundamentals. Lincoln Electric Holdings has seen its stock return 59.21% over the past year, overperforming other tool & accessory stocks by 46 percentage points.

Lincoln Electric Holdings has an average 1 year price target of $231.40, a downside of -10.44% from Lincoln Electric Holdings's current stock price of $258.37.

Lincoln Electric Holdings stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Lincoln Electric Holdings, 40% have issued a Strong Buy rating, 20% have issued a Buy, 20% have issued a hold, while 0% have issued a Sell rating, and 20% 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 51, which is 15 points higher than the tool & accessory industry average of 36. It passed 18 out of 38 due diligence checks and has strong fundamentals. Timken Co has seen its stock return 12.67% over the past year, underperforming other tool & accessory stocks by -1 percentage points.

Timken Co has an average 1 year price target of $85.90, a downside of -2.54% from Timken Co's current stock price of $88.14.

Timken Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Timken Co, 30% have issued a Strong Buy rating, 10% have issued a Buy, 50% have issued a hold, while 10% 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 3.33%, which is 1 percentage points higher than the tool & accessory industry average of 2.21%. 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 -155.6% 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 3.22%, which is 1 percentage points higher than the tool & accessory industry average of 2.21%. 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 3.18%, which is 1 percentage points higher than the tool & accessory industry average of 2.21%. Chicago Rivet & Machine Co's dividend payout is not stable, having dropped more than 10% eight 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 -17.6% indicates that its dividend yield might not be sustainable for the long-term.

Why are tool & accessory stocks up?

Tool & accessory stocks were up 2.17% in the last day, and up 2.09% 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. Starrett L S Co (NYSE:SCX)


Starrett L S Co (NYSE:SCX) is the most undervalued tool & accessory stock based on WallStreetZen's Valuation Score. Starrett L S Co has a valuation score of 57, which is 31 points higher than the tool & accessory industry average of 26. It passed 4 out of 7 valuation due diligence checks.

Starrett L S Co's stock has gained 46.01% in the past year. It has overperformed other stocks in the tool & accessory industry by 33 percentage points.

2. Kennametal (NYSE:KMT)


Kennametal (NYSE:KMT) is the second most undervalued tool & accessory stock based on WallStreetZen's Valuation Score. Kennametal has a valuation score of 57, which is 31 points higher than the tool & accessory industry average of 26. It passed 4 out of 7 valuation due diligence checks.

Kennametal's stock has dropped -4.64% in the past year. It has underperformed other stocks in the tool & accessory industry by -18 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 43, which is 17 points higher than the tool & accessory industry average of 26. It passed 3 out of 7 valuation due diligence checks.

Timken Co's stock has gained 12.67% in the past year. It has underperformed other stocks in the tool & accessory industry by -1 percentage points.

Are tool & accessory stocks a good buy now?

62.5% of tool & accessory stocks rated by analysts are a buy right now. On average, analysts expect tool & accessory stocks to rise by 0.08% 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 4.09x.
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