Investors focused on the Industrial Products space have likely heard of Graco (GGG Quick QuoteGGG - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Graco is one of 210 individual stocks in the Industrial Products sector. Collectively, these companies sit at #2 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

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. GGG is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for GGG's full-year earnings has moved 5.94% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

According to our latest data, GGG has moved about 2.72% on a year-to-date basis. In comparison, Industrial Products companies have returned an average of -6.66%. This shows that Graco is outperforming its peers so far this year.

Breaking things down more, GGG is a member of the Manufacturing - General Industrial industry, which includes 39 individual companies and currently sits at #30 in the Zacks Industry Rank. On average, this group has lost an average of 3.77% 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.