Shields and Swords should be placed on the Weapons Rack, and armors (not normal equipment like shirts and pants, just those that take damage for you, like leather armor) should be placed in the Armor Rack
Also a Tool Rack would be extremely helpful, I like to use containers to store unstackable resources, but I should like make a Cupboard only for tools, weapons and armors...and since I did recently make a village in a different place from where I was settled, I should build a new house, and since they are not easy to destroy, I am saving for something like Great Hall (did recently notice that it uses 20 hardened leather, that's crazy!) or the Stone Tower (a lot easier to make), so I should make a Large Chest only for tools, weapons and armors..