EXHIBIT 23.1

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in Forms S-8 (File No. 333-22047 and File No. 333-90562) of P&F Industries, Inc. of our report dated March 31, 2011 relating to the consolidated financial statements of P&F Industries, Inc. as of December 31, 2010 and 2009, and for the years then ended included in this Annual Report on Form 10-K for the year ended December 31, 2010.

/s/ J.H. Cohn LLP

Jericho, New York

March 31, 2011