Is Allegion (ALLE) Outperforming Other Industrial Products Stocks This Year?

Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Allegion (ALLE) 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? Let's take a closer look at the stock's year-to-date performance to find out.Allegion is a member of the Industrial Products sector. This group includes 190 individual stocks and currently holds a Zacks Sector Rank of #9. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.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).Over the past 90 days, the Zacks Consensus Estimate for ALLE's full-year earnings has moved 1.5% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.Based on the latest available data, ALLE has gained about 13.7% so far this year. At the same time, Industrial Products stocks have gained an average of 5.7%. As we can see, Allegion is performing better than its sector in the calendar year.One other Industrial Products stock that has outperformed the sector so far this year is Emerson Electric (EMR). The stock is up 11.9% year-to-date.In Emerson Electric's case, the consensus EPS estimate for the current year increased 1.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).Breaking things down more, Allegion is a member of the Security and Safety Services industry, which includes 16 individual companies and currently sits at #30 in the Zacks Industry Rank. This group has gained an average of 8.7% so far this year, so ALLE is performing better in this area. In contrast, Emerson Electric falls under the Manufacturing - Electronics industry. Currently, this industry has 15 stocks and is ranked #54. Since the beginning of the year, the industry has moved +5.8%.Going forward, investors interested in Industrial Products stocks should continue to pay close attention to Allegion and Emerson Electric as they could maintain their solid performance.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>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 Emerson Electric Co. (EMR): 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