Abstract: A magnetic pick-up tool, which preferably features a magnet retained on its non-exposed sides within a ferrous-containing carrier. The ferrous-containing carrier redirects the magnetic forces issuing from the magnet toward the exposed surface area, significantly increasing a magnet's strength without the need for increasing magnet size. In one embodiment, the pick-up tool features a threaded carrier, mated to a sleeve member in a manner allowing the sleeve member to be adjustably positioned relative to the magnet and carrier by rotation of the sleeve member in the desired direction.