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: C.
Lincoln Electric Holdings (NASDAQ:LECO) has a Due Diligence Score of 39, which is 1 points higher than the tool & accessory industry average of 38.
LECO passed 16 out of 38 due diligence checks and has average fundamentals. Lincoln Electric Holdings has seen its stock lose -23.32% over the past year, underperforming other tool & accessory stocks by -23 percentage points.
Lincoln Electric Holdings has an average 1 year
price target of $230.25, an upside of 17.27% from Lincoln Electric Holdings's current stock price of $196.35.
Lincoln Electric Holdings stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Lincoln Electric Holdings, 75% have issued a Strong Buy rating, 0% have issued a Buy, 25% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
2. Timken Co (NYSE:TKR)
Timken Co (NYSE:TKR) is the #2 top tool & accessory stock out of 10 with a Zen Rating of B. Stocks with a rating of B have had an average return of +19.88% per year.
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The Component Grade breakdown for Timken Co (NYSE:TKR) is: Value: C, Growth: C, Momentum: C, Sentiment: C, Safety: A, Financials: B, and AI: C.
Timken Co (NYSE:TKR) has a Due Diligence Score of 37, which is -1 points lower than the tool & accessory industry average of 38. Although this number is below the industry average, our proven quant model rates TKR as a "B".
TKR passed 12 out of 38 due diligence checks and has average fundamentals. Timken Co has seen its stock lose -11.65% over the past year, underperforming other tool & accessory stocks by -12 percentage points.
Timken Co has an average 1 year
price target of $93.38, an upside of 22.19% from Timken Co's current stock price of $76.42.
Timken Co stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Timken Co, 62.5% have issued a Strong Buy rating, 25% have issued a Buy, 12.5% 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: C, Momentum: C, Sentiment: C, Safety: A, Financials: A, and AI: C.
Snap On (NYSE:SNA) has a Due Diligence Score of 51, which is 13 points higher than the tool & accessory industry average of 38.
SNA passed 18 out of 38 due diligence checks and has strong fundamentals. Snap On has seen its stock return 15.08% over the past year, overperforming other tool & accessory stocks by 15 percentage points.
Snap On has an average 1 year
price target of $346.40, an upside of 3.12% from Snap On's current stock price of $335.92.
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.