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: B, Safety: A, Financials: A, and AI: B.
Lincoln Electric Holdings (NASDAQ:LECO) has a Due Diligence Score of 46, which is 9 points higher than the tool & accessory industry average of 37.
LECO passed 17 out of 38 due diligence checks and has strong fundamentals. Lincoln Electric Holdings has seen its stock return 21.3% over the past year, overperforming other tool & accessory stocks by 11 percentage points.
Lincoln Electric Holdings has an average 1 year
price target of $234.63, a downside of -2.7% from Lincoln Electric Holdings's current stock price of $241.14.
Lincoln Electric Holdings stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Lincoln Electric Holdings, 62.5% have issued a Strong Buy rating, 12.5% have issued a Buy, 12.5% have issued a hold, while 0% have issued a Sell rating, and 12.5% have issued a Strong Sell.
2. Hillman Solutions (NASDAQ:HLMN)
The Component Grade breakdown for Hillman Solutions (NASDAQ:HLMN) is: Value: C, Growth: B, Momentum: C, Sentiment: C, Safety: C, Financials: C, and AI: C.
Hillman Solutions (NASDAQ:HLMN) has a Due Diligence Score of 37, which is equal to the tool & accessory industry average of 37.
HLMN passed 12 out of 33 due diligence checks and has average fundamentals. Hillman Solutions has seen its stock lose -21.64% over the past year, underperforming other tool & accessory stocks by -32 percentage points.
Hillman Solutions has an average 1 year
price target of $10.38, an upside of 33.87% from Hillman Solutions's current stock price of $7.75.
Hillman Solutions stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Hillman Solutions, 50% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% 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 C. Stocks with a rating of C have had an average return of +7.53% per year.
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The Component Grade breakdown for Snap On (NYSE:SNA) is: Value: B, Growth: D, Momentum: C, Sentiment: C, Safety: A, Financials: A, and AI: B.
Snap On (NYSE:SNA) has a Due Diligence Score of 44, which is 7 points higher than the tool & accessory industry average of 37.
SNA passed 15 out of 38 due diligence checks and has strong fundamentals. Snap On has seen its stock return 13.91% over the past year, overperforming other tool & accessory stocks by 4 percentage points.
Snap On has an average 1 year
price target of $354.40, an upside of 11.52% from Snap On's current stock price of $317.79.
Snap On stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Snap On, 20% have issued a Strong Buy rating, 40% have issued a Buy, 20% have issued a hold, while 20% have issued a Sell rating, and 0% have issued a Strong Sell.