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. Has Allegion (ALLE) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.Allegion is one of 189 companies in the Industrial Products group. The Industrial Products group currently sits at #7 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Allegion is currently sporting a Zacks Rank of #2 (Buy).Within the past quarter, the Zacks Consensus Estimate for ALLE's full-year earnings has moved 0.5% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.According to our latest data, ALLE has moved about 5.3% on a year-to-date basis. At the same time, Industrial Products stocks have gained an average of 0.9%. This means that Allegion is performing better than its sector in terms of year-to-date returns.One other Industrial Products stock that has outperformed the sector so far this year is Crown Holdings (CCK). The stock is up 25.3% year-to-date.The consensus estimate for Crown Holdings' current year EPS has increased 3.8% 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 17 individual stocks and currently sits at #33 in the Zacks Industry Rank. On average, this group has gained an average of 2.2% so far this year, meaning that ALLE is performing better in terms of year-to-date returns. In contrast, Crown Holdings falls under the Containers - Metal and Glass industry. Currently, this industry has 3 stocks and is ranked #37. Since the beginning of the year, the industry has moved +9.7%.Investors with an interest in Industrial Products stocks should continue to track Allegion and Crown Holdings. These stocks will be looking to continue their solid performance.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Allegion PLC (ALLE): Free Stock Analysis Report American Public Education, Inc. (APEI): Free Stock Analysis Report Philip Morris International Inc. (PM): Free Stock Analysis Report Crown Holdings, Inc. (CCK): Free Stock Analysis Report DBV Technologies S.A. (DBVT): Free Stock Analysis Report Dundee Precious Metals Inc. (DPMLF): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks