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Hardware stocks

Ready to invest in the tool industry? Consider these 5 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.

5 hardware stocks to watch

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.

  1. Home Depot (HD)
  2. Lowes Companies (LOW)
  3. Stanley Black-and-Decker (SWK)
  4. Snap-On (SNA)
  5. Fortive (FTV)

Compare trading platforms

Compare online trading platforms by fees, asset types and bonuses to find the best for your investment in hardware stocks.
1 - 6 of 6
Name Product Asset types Signup bonus
SoFi Invest
Stocks, ETFs, Cryptocurrency
$10 - $100
when you open an account and place a first crypto trade of $50 - $5,000+
A free way to invest in most equities.
Stocks, ETFs, Cryptocurrency
8%-12% of your deposit
when you sign up and deposit at least $50. T&Cs apply.
Trade stocks in the app or online with $0 commissions. Not available in NY, NV, MN, TN, and HI.
Stocks, Options, ETFs, Cryptocurrency
$200 in US stocks
when you open and fund an account with min. $2,000 for 3+ mos.
Trade stocks, options, ETFs and futures on mobile or desktop with this advanced platform.
Stocks, ETFs, Cryptocurrency
Receive a free stock slice worth between $3–$300
when you sign up for an account and deposit at least $20.
Commission-free trading in stocks and ETFs with a social networking twist.
JPMorgan Self-Directed Investing
Stocks, Bonds, Options, Mutual funds, ETFs
$125 - $625
when you open and fund an account with $25,000 - $250,000+
Stocks, Options, ETFs, Cryptocurrency
Get a free stock
when you successfully sign up and link your bank account.
Make unlimited commission-free trades, plus earn 3% interest on uninvested cash in your account with Robinhood Gold.

Compare up to 4 providers

*Signup bonus information updated weekly.

Take a deeper dive into hardware stocks

If you're interested in investing in the tool industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn't guarantee that a stock will continue to rise in the future.

1. 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, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

Home Depot stock opened the day at $289.56 after a previous close of $289.85. The latest price was $290.39 (25-minute delay). Home Depot is listed on the NYSE, has a trailing 12-month revenue of around USD155.2 billion and employs 500,000 staff.

  • Market capitalization: $282,487,100,000
  • P/E ratio: 17.5542
  • PEG ratio: 1.4462

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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 $198.45 after a previous close of $199.03. The latest price was $199.98 (25-minute delay). Lowes Companies is listed on the NYSE, has a trailing 12-month revenue of around USD$95.4 billion and employs 300,000 staff.

  • Market capitalization: $116,573,855,744
  • P/E ratio: 14.7418
  • PEG ratio: 1.0079

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3. Stanley Black-and-Decker (SWK)

Stanley Black & Decker, Inc. engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.

Stanley Black-and-Decker stock opened the day at $82.16 after a previous close of $82.30. The latest price was $81.06 (25-minute delay). Stanley Black-and-Decker is listed on the NYSE, has a trailing 12-month revenue of around USD$16.9 billion and employs 71,300 staff.

  • Market capitalization: $11,681,898,496
  • P/E ratio: 13.7443
  • PEG ratio: 1.3679

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4. Snap-On (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 stock opened the day at $213.89 after a previous close of $214.00. The latest price was $213.81 (25-minute delay). Snap-On is listed on the NYSE, has a trailing 12-month revenue of around USD$4.7 billion and employs 12,800 staff.

  • Market capitalization: $11,421,703,168
  • P/E ratio: 13.4601
  • PEG ratio: 1.555

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5. Fortive (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, GORDIAN, INDUSTRIAL SCIENTIFIC, INTELEX, PRUFTECHNIK, and SERVICECHANNEL brands.

Fortive stock opened the day at $70.41 after a previous close of $69.57. The latest price was $70.68 (25-minute delay). Fortive is listed on the NYSE, has a trailing 12-month revenue of around USD$5.5 billion and employs 18,000 staff.

  • Market capitalization: $22,070,999,040
  • P/E ratio: 34.0934
  • PEG ratio: 1.4928

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How to buy hardware stocks

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

  1. Compare share trading platforms. Use our comparison table to narrow down top brokers by fees and bonuses.
  2. Open and fund your brokerage account. You’ll need personal and financial details, like your contact and bank information.
  3. Search for the stock you're interested in. Find the stock by name or ticker symbol, like HD or LOW.
  4. Decide on how many to buy. Some brokers will allow you to purchase fractional shares, while others require you to purchase whole shares.
  5. Choose an order type. Invest in the hardware stocks now with a market order or use a limit order to delay your purchase until the stock reaches your desired price.
  6. Buy the stock. Tap or click the Buy button on your brokerage account. Once you’ve invested in the tool industry, track how your stock performs to decide when it’s time to sell.

The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

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.

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