WallStreetZenWallStreetZen

Sectors & IndustriesIndustrialsTools & Accessories
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
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
KMT
KENNAMETAL INC
$1.98B3.21%52.30%$0.2000$0.8058%0
LECO
LINCOLN ELECTRIC HOLDINGS INC
$14.51B1.31%27.70%$0.7100$3.3426%02024-04-15
TKR
TIMKEN CO
$6.13B1.51%23.90%$0.3300$1.3230%0
SNA
SNAP-ON INC
$15.61B2.35%35.20%$1.8600$6.9647%0
TTC
TORO CO
$9.57B1.90%50.00%$0.3600$1.7439%02024-04-12
SCX
STARRETT L S CO
$119.25MN/A0.00%$0.1000N/AN/A0
RBC
RBC BEARINGS INC
$7.89BN/A0.00%$2.0000N/AN/A0
EML
EASTERN CO
$211.64M1.29%31.90%$0.1100$0.4426%1
TBLT
TOUGHBUILT INDUSTRIES INC
$1.85MN/A0.00%N/AN/AN/AN/A
CVR
CHICAGO RIVET & MACHINE CO
$16.42M3.06%-17.60%$0.1000$0.5256%8
HLMN
HILLMAN SOLUTIONS CORP
$2.08BN/A0.00%N/AN/AN/AN/A
SWK
STANLEY BLACK & DECKER INC
$15.06B3.30%-155.60%$0.8100$3.2360%0

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 20 points higher than the tool & accessory industry average of 37. It passed 20 out of 38 due diligence checks and has strong fundamentals. Kennametal has seen its stock lose -5.74% over the past year, underperforming other tool & accessory stocks by -19 percentage points.

Kennametal has an average 1 year price target of $24.00, a downside of -3.77% from Kennametal's current stock price of $24.94.

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 55, which is 18 points higher than the tool & accessory industry average of 37. It passed 20 out of 38 due diligence checks and has strong fundamentals. Lincoln Electric Holdings has seen its stock return 54.93% over the past year, overperforming other tool & accessory stocks by 42 percentage points.

Lincoln Electric Holdings has an average 1 year price target of $231.40, a downside of -9.41% from Lincoln Electric Holdings's current stock price of $255.44.

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 14 points higher than the tool & accessory industry average of 37. It passed 18 out of 38 due diligence checks and has strong fundamentals. Timken Co has seen its stock return 11.15% over the past year, underperforming other tool & accessory stocks by -2 percentage points.

Timken Co has an average 1 year price target of $85.90, a downside of -1.75% from Timken Co's current stock price of $87.43.

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 3.3%, which is 1 percentage points higher than the tool & accessory industry average of 2.24%. 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 3.21%, which is 1 percentage points higher than the tool & accessory industry average of 2.24%. 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 3.06%, which is 1 percentage points higher than the tool & accessory industry average of 2.24%. 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 down?

Tool & accessory stocks were down -0.21% in the last day, and up 0.79% over the last week.

We couldn't find a catalyst for why tool & accessory stocks are down.

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 30 points higher than the tool & accessory industry average of 27. It passed 4 out of 7 valuation due diligence checks.

Starrett L S Co's stock has gained 41.37% in the past year. It has overperformed other stocks in the tool & accessory industry by 28 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 30 points higher than the tool & accessory industry average of 27. It passed 4 out of 7 valuation due diligence checks.

Kennametal's stock has dropped -5.74% in the past year. It has underperformed other stocks in the tool & accessory industry by -19 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 16 points higher than the tool & accessory industry average of 27. It passed 3 out of 7 valuation due diligence checks.

Timken Co's stock has gained 11.15% in the past year. It has underperformed other stocks in the tool & accessory industry by -2 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 0.37% 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 3.88x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.