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. Toro Co (NYSE:TTC)
Toro Co (NYSE:TTC) is the #1 top tool & accessory stock out of 10 with a Zen Rating of A. Stocks with a rating of A have had an average return of +28.5% per year.
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The Component Grade breakdown for Toro Co (NYSE:TTC) is: Value: B, Growth: B, Momentum: C, Sentiment: C, Safety: C, Financials: A, and AI: B.
Toro Co (NYSE:TTC) has a Due Diligence Score of 41, which is equal to the tool & accessory industry average of 41.
TTC passed 14 out of 38 due diligence checks and has strong fundamentals. Toro Co has seen its stock return 24.71% over the past year, underperforming other tool & accessory stocks by -11 percentage points.
Toro Co has an average 1 year
price target of $108.50, an upside of 17.04% from Toro Co's current stock price of $92.70.
Toro Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Toro Co, 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.
2. Kennametal (NYSE:KMT)
Kennametal (NYSE:KMT) is the #2 top tool & accessory stock out of 10 with a Zen Rating of A. Stocks with a rating of A have had an average return of +28.5% per year.
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The Component Grade breakdown for Kennametal (NYSE:KMT) is: Value: B, Growth: A, Momentum: C, Sentiment: C, Safety: A, Financials: C, and AI: B.
Kennametal (NYSE:KMT) has a Due Diligence Score of 47, which is 6 points higher than the tool & accessory industry average of 41.
KMT passed 17 out of 38 due diligence checks and has strong fundamentals. Kennametal has seen its stock return 38.77% over the past year, overperforming other tool & accessory stocks by 3 percentage points.
Kennametal has an average 1 year
price target of $38.25, an upside of 15.52% from Kennametal's current stock price of $33.11.
Kennametal stock has a consensus Sell recommendation according to Wall Street analysts. Of the 6 analysts covering Kennametal, 0% have issued a Strong Buy rating, 0% have issued a Buy, 66.67% have issued a hold, while 0% have issued a Sell rating, and 33.33% have issued a Strong Sell.
3. Stanley Black & Decker (NYSE:SWK)
The Component Grade breakdown for Stanley Black & Decker (NYSE:SWK) is: Value: B, Growth: B, Momentum: C, Sentiment: B, Safety: C, Financials: C, and AI: C.
Stanley Black & Decker (NYSE:SWK) has a Due Diligence Score of 33, which is -8 points lower than the tool & accessory industry average of 41. Although this number is below the industry average, our proven quant model rates SWK as a "B".
SWK passed 12 out of 38 due diligence checks and has average fundamentals. Stanley Black & Decker has seen its stock return 20.17% over the past year, underperforming other tool & accessory stocks by -15 percentage points.
Stanley Black & Decker has an average 1 year
price target of $86.57, an upside of 0.49% from Stanley Black & Decker's current stock price of $86.15.
Stanley Black & Decker stock has a consensus Hold recommendation according to Wall Street analysts. Of the 7 analysts covering Stanley Black & Decker, 28.57% have issued a Strong Buy rating, 0% have issued a Buy, 57.14% have issued a hold, while 0% have issued a Sell rating, and 14.29% have issued a Strong Sell.