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.

Take a deeper dive into hardware stocks

We round up a selection of stocks in or related to the tool 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, Inc. operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, building materials, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

The Home Depot stock opened the day at $320.54 after a previous close of $318.54. The latest price was $322.09 (25 minute delay). The Home Depot is listed on the NYSE, has a trailing 12-month revenue of around USD141.3 billion and employs 500,000 staff.

• Market capitalization: $348,036,890,624
• P/E ratio: 23.8614
• PEG ratio: 3.2954

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2. Lowes Companies (LOW)

Lowe's Companies, Inc. , together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating.

Lowes Companies stock opened the day at $194.18 after a previous close of $192.80. The latest price was $195.33 (25 minute delay). Lowes Companies is listed on the NYSE, has a trailing 12-month revenue of around USD$94.3 billion and employs 300,000 staff.

• Market capitalization: $136,868,036,608
• P/E ratio: 21.1191
• PEG ratio: 1.2856

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3. Stanley Black-and-Decker (SWK)

Stanley Black & Decker, Inc. engages in the tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

Stanley Black-and-Decker stock opened the day at $204.68 after a previous close of $204.82. The latest price was $204.84 (25 minute delay). Stanley Black-and-Decker is listed on the NYSE, has a trailing 12-month revenue of around USD$15.6 billion and employs 53,000 staff.

• Market capitalization: $31,942,096,896
• P/E ratio: 20.0924
• PEG ratio: 1.391

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4. Snap-on Incorporated (SNA)

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments. The company offers hand tools, including wrenches, sockets, ratchet wrenches, pliers, screwdrivers, punches and chisels, saws and cutting tools, pruning tools, torque measuring instruments, and other products; power tools, such as cordless, pneumatic, hydraulic, and corded tools; and tool storage products comprising tool chests, roll cabinets, and other products.

Snap-on Incorporated stock opened the day at $228.13 after a previous close of $223.75. The latest price was $227.65 (25 minute delay). Snap-on Incorporated is listed on the NYSE, has a trailing 12-month revenue of around USD$4.5 billion and employs 12,300 staff.

• Market capitalization: $11,929,099,264
• P/E ratio: 15.3846
• PEG ratio: 2.1314

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5. Fortive Corporation (FTV)

Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Its Intelligent Operating Solutions segment offers connected reliability tools; environment, health, safety, and quality enterprise software products; facility and asset lifecycle software; pre-construction planning and construction procurement solutions; ruggedized professional test tools; electric, pressure, and temperature calibration tools; and portable gas detection tools for a range of vertical end markets including manufacturing, process industries, healthcare, utilities and power, communications and electronics, and others. It markets its products and services under the ACCRUENT, FLUKE, FLUKE NETWORKS, GORDIAN, INDUSTRIAL SCIENTIFIC, INTELEX, and PRUFTECHNIK brands.

Fortive Corporation stock opened the day at $70.41 after a previous close of $69.57. The latest price was $70.68 (25 minute delay). Fortive Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$4.8 billion and employs 17,000 staff.

• Market capitalization: $23,283,818,496
• P/E ratio: 14.6903
• PEG ratio: 1.7077

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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.