Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Ingersoll-Rand PLC (IR - 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? One simple way to answer this question is to take a look at the year-to-date performance of IR and the rest of the Industrial Products group's stocks.
Ingersoll-Rand PLC is one of 213 individual stocks in the Industrial Products sector. Collectively, these companies sit at #12 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 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. IR is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for IR's full-year earnings has moved 0.76% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that IR has returned about 12.68% since the start of the calendar year. Meanwhile, stocks in the Industrial Products group have lost about 14.46% on average. This means that Ingersoll-Rand PLC is performing better than its sector in terms of year-to-date returns.
Breaking things down more, IR is a member of the Manufacturing - General Industrial industry, which includes 37 individual companies and currently sits at #91 in the Zacks Industry Rank. On average, stocks in this group have lost 6.68% this year, meaning that IR is performing better in terms of year-to-date returns.
Investors in the Industrial Products sector will want to keep a close eye on IR as it attempts to continue its solid performance.