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: C, Safety: A, Financials: A, and AI: C.
Lincoln Electric Holdings (NASDAQ:LECO) has a Due Diligence Score of 49, which is 12 points higher than the tool & accessory industry average of 37.
LECO passed 18 out of 38 due diligence checks and has strong fundamentals. Lincoln Electric Holdings has seen its stock return 18.45% over the past year, overperforming other tool & accessory stocks by 2 percentage points.
Lincoln Electric Holdings has an average 1 year
price target of $212.83, a downside of -3.47% from Lincoln Electric Holdings's current stock price of $220.48.
Lincoln Electric Holdings stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Lincoln Electric Holdings, 50% have issued a Strong Buy rating, 16.67% have issued a Buy, 16.67% have issued a hold, while 0% have issued a Sell rating, and 16.67% have issued a Strong Sell.
2. Stanley Black & Decker (NYSE:SWK)
The Component Grade breakdown for Stanley Black & Decker (NYSE:SWK) is: Value: B, Growth: C, Momentum: D, Sentiment: B, Safety: C, Financials: C, and AI: C.
Stanley Black & Decker (NYSE:SWK) has a Due Diligence Score of 40, which is 3 points higher than the tool & accessory industry average of 37.
SWK passed 14 out of 38 due diligence checks and has average fundamentals. Stanley Black & Decker has seen its stock lose -9.82% over the past year, underperforming other tool & accessory stocks by -26 percentage points.
Stanley Black & Decker has an average 1 year
price target of $86.57, an upside of 18.74% from Stanley Black & Decker's current stock price of $72.91.
Stanley Black & Decker stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Stanley Black & Decker, 57.14% have issued a Strong Buy rating, 0% have issued a Buy, 28.57% have issued a hold, while 0% have issued a Sell rating, and 14.29% 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 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 Kennametal (NYSE:KMT) is: Value: B, Growth: D, Momentum: C, Sentiment: A, Safety: A, Financials: B, and AI: C.
Kennametal (NYSE:KMT) has a Due Diligence Score of 42, which is 5 points higher than the tool & accessory industry average of 37.
KMT passed 14 out of 38 due diligence checks and has strong fundamentals. Kennametal has seen its stock return 7.59% over the past year, underperforming other tool & accessory stocks by -9 percentage points.
Kennametal has an average 1 year
price target of $23.00, a downside of -5.15% from Kennametal's current stock price of $24.25.
Kennametal stock has a consensus Hold recommendation according to Wall Street analysts. Of the 3 analysts covering Kennametal, 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.