<ARTICLE> 5
<LEGEND>
THIS FINANCIAL DATA SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM THE CONSOLIDATED FINANCIAL STATEMENTS INCLUDED IN P & F INDUSTRIES, INC.'S
QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTER ENDED MARCH 31, 1999 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               MAR-31-1999
<CASH>                                       1,571,037
<SECURITIES>                                         0
<RECEIVABLES>                               11,455,957
<ALLOWANCES>                                         0
<INVENTORY>                                 19,236,239
<CURRENT-ASSETS>                            33,585,524
<PP&E>                                      17,382,575
<DEPRECIATION>                               6,387,035
<TOTAL-ASSETS>                              53,010,328
<CURRENT-LIABILITIES>                       17,184,993
<BONDS>                                      9,904,126
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                     3,249,345
<OTHER-SE>                                  22,180,864
<TOTAL-LIABILITY-AND-EQUITY>                53,010,328
<SALES>                                     17,876,353
<TOTAL-REVENUES>                            18,108,268
<CGS>                                       12,546,061
<TOTAL-COSTS>                               12,546,061
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             288,305
<INCOME-PRETAX>                              1,552,407
<INCOME-TAX>                                   591,000
<INCOME-CONTINUING>                            961,407
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   961,407
<EPS-PRIMARY>                                      .30
<EPS-DILUTED>                                      .26