Hardware stocks

The best hardware stocks depend on your portfolio and investment goals — while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

How to buy hardware stocks

Sign up with an online broker or platform to invest in one of more of these hardware stocks.

1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Use our comparison table to narrow down top brokers by fees and bonuses.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
3. Search for the stock you're interested in. Find the stock by name or ticker symbol, like HD or LOW. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Invest in the tool industry today with a market order or use a limit order to delay your purchase until the stock reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy fractional shares, depending on your broker.
6. Check in on your investment. Congratulations, you own a part of a hardware company. Optimize your portfolio by tracking how your stock — and even the tool sector as a whole — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Compare hardware stocks

We round up a selection of stocks in or related to the farm industry, weighting the list more heavily towards popular mid- and large-cap US stocks.

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1. The Home Depot (HD)

The Home Depot stock opened the day at $324.84 after a previous close of $322.74. The latest price was $328.08 (25 minute delay). The Home Depot is listed on the NYSE, has a trailing 12-month revenue of around USD132.1 billion and employs 504,800 staff.

• Market capitalization: $346,865,958,912
• P/E ratio: 27.0184
• PEG ratio: 3.4709

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2. Lowes Companies (LOW)

Lowes Companies stock opened the day at $170.59 after a previous close of $168.46. The latest price was $171.52 (25 minute delay). Lowes Companies is listed on the NYSE, has a trailing 12-month revenue of around USD$89.6 billion and employs 220,000 staff.

• Market capitalization: $146,722,095,104
• P/E ratio: 26.3948
• PEG ratio: 1.8716

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3. Stanley Black-and-Decker (SWK)

Stanley Black-and-Decker stock opened the day at $204.34 after a previous close of $202.58. The latest price was $205.68 (25 minute delay). Stanley Black-and-Decker is listed on the NYSE, has a trailing 12-month revenue of around USD$14.5 billion and employs 53,100 staff.

• Market capitalization: $32,640,374,784
• P/E ratio: 26.0875
• PEG ratio: 2.162

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4. Snap-on Incorporated (SNA)

Snap-on Incorporated stock opened the day at $233.88 after a previous close of $232.14. The latest price was $235.52 (25 minute delay). Snap-on Incorporated is listed on the NYSE, has a trailing 12-month revenue of around USD$3.9 billion and employs 12,300 staff.

• Market capitalization: $12,743,866,368
• P/E ratio: 20.4633
• PEG ratio: 2.4871

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5. Fortive Corporation (FTV)

Fortive Corporation stock opened the day at $69.57 after a previous close of $69.43. The latest price was $69.76 (25 minute delay). Fortive Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$4.6 billion and employs 17,000 staff.

• Market capitalization: $24,466,343,936
• P/E ratio: 16.1037
• PEG ratio: 2.0578

Compare trading platforms

Compare online trading platforms by fees, asset types and bonuses to find the best for your investment in hardware stocks.

*Signup bonus information updated weekly.

Bottom line

While it’s possible to turn a profit investing in hardware stocks, keep in mind that — like any investment — hardware stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the tool industry, so carefully vet your picks before you invest. And if you’re new to investing, or if it’s been awhile since you’ve taken a critical look at your investing accounts, compare brokers to make sure you’re getting the best features in your trading account.