Investors focused on the Industrial Products space have likely heard of Graco (GGG - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.
Graco is a member of the Industrial Products sector. This group includes 213 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. GGG is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for GGG's full-year earnings has moved 5.94% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, GGG has moved about 0.40% on a year-to-date basis. Meanwhile, the Industrial Products sector has returned an average of -8.51% on a year-to-date basis. As we can see, Graco is performing better than its sector in the calendar year.
To break things down more, GGG belongs to the Manufacturing - General Industrial industry, a group that includes 39 individual companies and currently sits at #37 in the Zacks Industry Rank. On average, this group has lost an average of 6.34% so far this year, meaning that GGG is performing better in terms of year-to-date returns.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to GGG as it looks to continue its solid performance.