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. Eastern Co (NASDAQ:EML)
Eastern Co (NASDAQ:EML) is the #1 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 +17.17% per year.
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The Component Grade breakdown for Eastern Co (NASDAQ:EML) is: Value: C, Growth: A, Momentum: B, Sentiment: C, Safety: C, Financials: C, and AI: C.
Eastern Co (NASDAQ:EML) has a Due Diligence Score of 38, which is -5 points lower than the tool & accessory industry average of 43. Although this number is below the industry average, our proven quant model rates EML as a "B".
EML passed 13 out of 38 due diligence checks and has average fundamentals. Eastern Co has seen its stock return 61.12% over the past year, overperforming other tool & accessory stocks by 41 percentage points.
2. Toro Co (NYSE:TTC)
Toro Co (NYSE:TTC) 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 +17.17% per year.
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The Component Grade breakdown for Toro Co (NYSE:TTC) is: Value: C, Growth: C, Momentum: C, Sentiment: C, Safety: C, Financials: A, and AI: C.
Toro Co (NYSE:TTC) has a Due Diligence Score of 52, which is 9 points higher than the tool & accessory industry average of 43.
TTC passed 19 out of 38 due diligence checks and has strong fundamentals. Toro Co has seen its stock return 47.89% over the past year, overperforming other tool & accessory stocks by 27 percentage points.
Toro Co has an average 1 year
price target of $111.67, an upside of 5.46% from Toro Co's current stock price of $105.89.
Toro Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Toro Co, 33.33% have issued a Strong Buy rating, 33.33% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
3. Kennametal (NYSE:KMT)
Kennametal (NYSE:KMT) 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 +17.17% per year.
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The Component Grade breakdown for Kennametal (NYSE:KMT) is: Value: A, Growth: C, Momentum: D, Sentiment: C, Safety: C, Financials: C, and AI: C.
Kennametal (NYSE:KMT) has a Due Diligence Score of 48, which is 5 points higher than the tool & accessory industry average of 43.
KMT passed 18 out of 38 due diligence checks and has strong fundamentals. Kennametal has seen its stock lose -13.05% over the past year, underperforming other tool & accessory stocks by -34 percentage points.
Kennametal has an average 1 year
price target of $29.40, an upside of 22.55% from Kennametal's current stock price of $23.99.
Kennametal stock has a consensus Sell recommendation according to Wall Street analysts. Of the 5 analysts covering Kennametal, 0% have issued a Strong Buy rating, 0% have issued a Buy, 40% have issued a hold, while 0% have issued a Sell rating, and 60% have issued a Strong Sell.