Select Lowe's stores have Convenience Concepts brand suspended ceiling grid punch on clearance for $5.74. The punch makes 1/8 holes in sheet metal, for suspended ceiling installation or whatever else you can think of. I tested it on 16-gauge aluminum and it punched a clean hole with minimal difficulty. Would probably make a good belt hole punch if nothing else.
NOTE: At my Lowe's, the ones on clearance were mixed up in a box with a similar item made by PROWORX, but that one is full-price at $16.48. See attached photos. The clearance version is on the right in the last two pictures.
On Lowe's website, the PROWORX model also calls itself a "wall angle punch". Noting just in case someone has a deal alert for that terminology. 🤷
Links for reference:
Lowe's product page - clearance Convenience Concepts model [lowes.com]
Lowe's product page - full-priced PROWORX model [lowes.com]
Brickseek inventory checker for clearance model [brickseek.com]
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