A tool for applying a bending or impact load to one or more conductors in a dynamoelectric machine is provided. The tool includes an elongate, substantially tubular handle having an opening at a first end, a second end opposed to the first end, and the handle has a handle axis. A head is connected to the second end of the handle, and includes a striking surface for applying impact loads, and an interchangeable tool socket located opposite to the striking surface. The head has a head axis oriented orthogonal to the handle axis. The interchangeable tool socket can accept one of a plurality of tool inserts and the tool inserts may be rotated generally around the head axis and locked in at least one position within the interchangeable tool socket so that the angle of each tool insert can be adjusted to user preferences.