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Are Industrial Products Stocks Lagging Allegion (ALLE) 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. Allegion (ALLE - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Allegion is one of 188 individual stocks in the Industrial Products sector. Collectively, these companies sit at #10 in the Zacks Sector Rank. 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Allegion is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ALLE's full-year earnings has moved 1.9% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, ALLE has gained about 20% so far this year. Meanwhile, the Industrial Products sector has returned an average of 10% on a year-to-date basis. This shows that Allegion is outperforming its peers so far this year.
Another Industrial Products stock, which has outperformed the sector so far this year, is Gorman-Rupp (GRC - Free Report) . The stock has returned 47.5% year-to-date.
For Gorman-Rupp, the consensus EPS estimate for the current year has increased 7.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Allegion belongs to the Security and Safety Services industry, a group that includes 20 individual stocks and currently sits at #193 in the Zacks Industry Rank. On average, stocks in this group have lost 7.9% this year, meaning that ALLE is performing better in terms of year-to-date returns.
Gorman-Rupp, however, belongs to the Manufacturing - General Industrial industry. Currently, this 43-stock industry is ranked #85. The industry has moved +8.7% so far this year.
Investors interested in the Industrial Products sector may want to keep a close eye on Allegion and Gorman-Rupp as they attempt to continue their solid performance.
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Are Industrial Products Stocks Lagging Allegion (ALLE) This Year?
The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Allegion (ALLE - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Allegion is one of 188 individual stocks in the Industrial Products sector. Collectively, these companies sit at #10 in the Zacks Sector Rank. 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Allegion is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ALLE's full-year earnings has moved 1.9% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, ALLE has gained about 20% so far this year. Meanwhile, the Industrial Products sector has returned an average of 10% on a year-to-date basis. This shows that Allegion is outperforming its peers so far this year.
Another Industrial Products stock, which has outperformed the sector so far this year, is Gorman-Rupp (GRC - Free Report) . The stock has returned 47.5% year-to-date.
For Gorman-Rupp, the consensus EPS estimate for the current year has increased 7.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Allegion belongs to the Security and Safety Services industry, a group that includes 20 individual stocks and currently sits at #193 in the Zacks Industry Rank. On average, stocks in this group have lost 7.9% this year, meaning that ALLE is performing better in terms of year-to-date returns.
Gorman-Rupp, however, belongs to the Manufacturing - General Industrial industry. Currently, this 43-stock industry is ranked #85. The industry has moved +8.7% so far this year.
Investors interested in the Industrial Products sector may want to keep a close eye on Allegion and Gorman-Rupp as they attempt to continue their solid performance.