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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. The Home Depot (HD)
  2. Lowes Companies (LOW)
  3. Stanley Black-and-Decker (SWK)
  4. Snap-on Incorporated (SNA)
  5. Fortive Corporation (FTV)

Our top brokers for active traders

If you’ve outgrown your current trading platform and are looking for more advanced tools and data, here are our top picks for a second account.

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. 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 $409.99 after a previous close of $409.94. The latest price was $415.01 (25-minute delay). The Home Depot is listed on the NYSE, has a trailing 12-month revenue of around USD147.7 billion and employs 500,000 staff.

  • Market capitalization: $388,457,267,200
  • P/E ratio: 24.8746
  • PEG ratio: 2.1024

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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 $258.41 after a previous close of $258.15. The latest price was $261.38 (25-minute delay). Lowes Companies is listed on the NYSE, has a trailing 12-month revenue of around USD$95.2 billion and employs 300,000 staff.

  • Market capitalization: $163,990,011,904
  • P/E ratio: 21.2261
  • PEG ratio: 1.42

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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 $191.45 after a previous close of $191.44. The latest price was $183.70 (25-minute delay). Stanley Black-and-Decker is listed on the NYSE, has a trailing 12-month revenue of around USD$17.2 billion and employs 56,000 staff.

  • Market capitalization: $31,408,304,128
  • P/E ratio: 17.436
  • PEG ratio: 1.3679

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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 $217.66 after a previous close of $220.46. The latest price was $220.13 (25-minute delay). Snap-on Incorporated is listed on the NYSE, has a trailing 12-month revenue of around USD$4.6 billion and employs 12,300 staff.

  • Market capitalization: $11,784,659,968
  • P/E ratio: 15.0229
  • PEG ratio: 1.5994

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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$5.2 billion and employs 17,000 staff.

  • Market capitalization: $25,996,904,448
  • P/E ratio: 15.8159
  • PEG ratio: 1.5392

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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.

Compare trading platforms

Compare online trading platforms by fees, asset types and bonuses to find the best for your investment in hardware stocks.
Name Product Asset types Signup bonus
M1 Finance
Free 1-year trial of M1 Plus
when you sign up for M1 Finance
Invest in your favorite stocks or in curated portfolios with automatic rebalancing.
SoFi Invest
Stocks, ETFs, Cryptocurrency
Get one free stock worth up to $1,000
Open an account
A free way to invest in most equities.
Stocks, Bonds, Options, Mutual funds, ETFs, Cryptocurrency
$10 of crypto
Open an account with access to crypto
A platform built for all kinds of traders and all styles of trading
Stocks, Options, ETFs, Cryptocurrency
Free stock (chosen randomly with a value anywhere between $2.50 and $200)
Sign up using the "go to site" link
Make unlimited commission-free trades in stocks, funds, and options with Robinhood Financial.
Stash Invest
Stocks, ETFs
Add at least $5 to your Invest account
Stash is more than an investment app. You’ll have access to tools that can help you become a confident investor.
Stocks, ETFs, Cryptocurrency
Download and sign up with; approved accounts receive a free stock slice worth up to $300, selected from 9 popular stocks.
Open an account
Commission-free trading in stocks and ETFs with a social networking twist.

Compare up to 4 providers

*Signup bonus information updated weekly.

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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