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Has Atmus Filtration Technologies Inc. (ATMU) Outpaced Other Industrial Products Stocks This Year?
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The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Atmus Filtration Technologies (ATMU - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Atmus Filtration Technologies is a member of the Industrial Products sector. This group includes 189 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Atmus Filtration Technologies is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ATMU's full-year earnings has moved 3.7% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, ATMU has returned 13.7% so far this year. Meanwhile, stocks in the Industrial Products group have gained about 8.3% on average. This shows that Atmus Filtration Technologies is outperforming its peers so far this year.
Crown Holdings (CCK - Free Report) is another Industrial Products stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 20.7%.
In Crown Holdings' case, the consensus EPS estimate for the current year increased 4.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Atmus Filtration Technologies belongs to the Pollution Control industry, a group that includes 7 individual companies and currently sits at #28 in the Zacks Industry Rank. Stocks in this group have gained about 8.3% so far this year, so ATMU is performing better this group in terms of year-to-date returns.
Crown Holdings, however, belongs to the Containers - Metal and Glass industry. Currently, this 3-stock industry is ranked #109. The industry has moved +2.1% so far this year.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to Atmus Filtration Technologies and Crown Holdings as they could maintain their solid performance.
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Has Atmus Filtration Technologies Inc. (ATMU) Outpaced Other Industrial Products Stocks This Year?
The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Atmus Filtration Technologies (ATMU - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Atmus Filtration Technologies is a member of the Industrial Products sector. This group includes 189 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Atmus Filtration Technologies is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ATMU's full-year earnings has moved 3.7% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, ATMU has returned 13.7% so far this year. Meanwhile, stocks in the Industrial Products group have gained about 8.3% on average. This shows that Atmus Filtration Technologies is outperforming its peers so far this year.
Crown Holdings (CCK - Free Report) is another Industrial Products stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 20.7%.
In Crown Holdings' case, the consensus EPS estimate for the current year increased 4.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Atmus Filtration Technologies belongs to the Pollution Control industry, a group that includes 7 individual companies and currently sits at #28 in the Zacks Industry Rank. Stocks in this group have gained about 8.3% so far this year, so ATMU is performing better this group in terms of year-to-date returns.
Crown Holdings, however, belongs to the Containers - Metal and Glass industry. Currently, this 3-stock industry is ranked #109. The industry has moved +2.1% so far this year.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to Atmus Filtration Technologies and Crown Holdings as they could maintain their solid performance.