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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
$23.700.72%-3.23%-2.79%-5.62%3.86%-9.65%-42.15%-40.87%-51.15%$30.60$22.0822.55%7.36%1.37712,60143.44%
TTC
TORO CO
$87.23-0.41%0.03%-1.73%-6.91%7.65%-17.18%-24.15%19.97%172.13%$108.50$78.3519.60%11.33%0.81552,198-55.72%
TKR
TIMKEN CO
$87.49-1.94%1.71%-0.41%2.76%27.18%12.99%2.38%68.93%38.52%$95.08$65.717.98%33.15%1.27738,183-47.63%
SNA
SNAP-ON INC
$267.74-0.08%-2.14%-9.13%-7.69%2.77%2.02%12.32%60.57%130.79%$298.49$247.6810.30%8.10%0.95358,75610.13%
LECO
LINCOLN ELECTRIC HOLDINGS INC
$219.33-0.09%-7.69%-13.18%-2.87%24.44%28.55%69.33%154.68%226.77%$261.13$164.0016.01%33.74%0.95403,841-5.32%
SCX
STARRETT L S CO
$16.10-0.06%0.44%1.39%15.91%53.92%57.53%165.68%122.38%4.01%$16.17$8.550.43%88.30%0.4340,733-31.41%
RBC
RBC BEARINGS INC
$248.231.50%1.36%-7.88%-9.49%13.73%7.47%23.08%79.49%302.97%$288.16$195.1813.86%27.18%1.34213,5732.34%
TBLT
TOUGHBUILT INDUSTRIES INC
$2.29-0.43%-17.48%-25.65%-64.93%-79.40%-96.03%-99.97%-100.00%N/A$70.85$2.1296.77%8.02%0.8834,18714.69%
EML
EASTERN CO
$31.980.60%-0.06%-2.88%32.41%96.74%81.19%10.70%22.29%84.96%$35.78$16.1010.62%98.63%1.1113,895-45.48%
CVR
CHICAGO RIVET & MACHINE CO
$16.020.00%2.10%-5.76%-10.35%-9.70%-45.14%-38.62%-43.11%-58.26%$29.33$14.7345.38%8.76%0.23229-76.87%
HLMN
HILLMAN SOLUTIONS CORP
$9.691.36%0.00%-7.98%7.55%46.82%15.22%-14.17%N/AN/A$10.85$6.0210.65%60.96%0.971,071,299-5.64%
SWK
STANLEY BLACK & DECKER INC
$91.900.55%1.81%-3.73%0.04%8.14%5.90%-56.36%-38.06%6.87%$104.21$73.8711.81%24.41%1.362,940,46612.12%

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 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 -9.65% over the past year, underperforming other tool & accessory stocks by -11 percentage points.

Kennametal has an average 1 year price target of $23.75, an upside of 0.21% from Kennametal's current stock price of $23.70.

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. Toro Co (NYSE:TTC)


Toro Co (NYSE:TTC) is the second best tool & accessory stock with a Zen Score of 50, which is 14 points higher than the tool & accessory industry average of 36. It passed 18 out of 38 due diligence checks and has strong fundamentals. Toro Co has seen its stock lose -17.18% over the past year, underperforming other tool & accessory stocks by -19 percentage points.

Toro Co has an average 1 year price target of $97.50, an upside of 11.77% from Toro Co's current stock price of $87.23.

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 48, which is 12 points higher than the tool & accessory industry average of 36. It passed 16 out of 38 due diligence checks and has strong fundamentals. Timken Co has seen its stock return 12.99% over the past year, overperforming other tool & accessory stocks by 11 percentage points.

Timken Co has an average 1 year price target of $88.89, an upside of 1.6% from Timken Co's current stock price of $87.49.

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 3.51%, which is 1 percentage points higher than the tool & accessory industry average of 2.31%. 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 3.38%, which is 1 percentage points higher than the tool & accessory industry average of 2.31%. 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 3.25%, which is 1 percentage points higher than the tool & accessory industry average of 2.31%. 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 0.19% in the last day, and down -1.66% 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 57, which is 32 points higher than the tool & accessory industry average of 25. It passed 4 out of 7 valuation due diligence checks.

Kennametal's stock has dropped -9.65% in the past year. It has underperformed other stocks in the tool & accessory industry by -11 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 57, which is 32 points higher than the tool & accessory industry average of 25. It passed 4 out of 7 valuation due diligence checks.

Starrett L S Co's stock has gained 57.53% in the past year. It has overperformed other stocks in the tool & accessory industry by 56 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 18 points higher than the tool & accessory industry average of 25. It passed 3 out of 7 valuation due diligence checks.

Timken Co's stock has gained 12.99% in the past year. It has overperformed other stocks in the tool & accessory industry by 11 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 9.58% 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 3.1x.
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