Are Industrial Products Stocks Lagging Allegion (ALLE) This Year?

Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Is Allegion (ALLE) one of those stocks right now? 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 187 individual stocks in the Industrial Products sector. Collectively, these companies sit at #4 in the Zacks Sector Rank. 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. Allegion is currently sporting a Zacks Rank of #2 (Buy).The Zacks Consensus Estimate for ALLE's full-year earnings has moved 4.3% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.According to our latest data, ALLE has moved about 35.5% on a year-to-date basis. In comparison, Industrial Products companies have returned an average of 3.3%. This shows that Allegion is outperforming its peers so far this year.Kion Group (KIGRY) is another Industrial Products stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 101.1%.For Kion Group, the consensus EPS estimate for the current year has increased 8.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).To break things down more, Allegion belongs to the Security and Safety Services industry, a group that includes 17 individual companies and currently sits at #9 in the Zacks Industry Rank. This group has gained an average of 27.5% so far this year, so ALLE is performing better in this area. In contrast, Kion Group falls under the Industrial Services industry. Currently, this industry has 18 stocks and is ranked #83. Since the beginning of the year, the industry has moved +5.6%.Going forward, investors interested in Industrial Products stocks should continue to pay close attention to Allegion and Kion Group as they could maintain their solid performance.Beyond Nvidia: AI's Second Wave Is HereThe AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. Little-known AI firms tackling the world's biggest problems may be more lucrative in the coming months and years.See "2nd Wave" AI stocks now >>Want 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 Kion Group (KIGRY): 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