Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Has Stanley Black & Decker (SWK) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Stanley Black & Decker is a member of our Industrial Products group, which includes 189 different companies and currently sits at #5 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 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. Stanley Black & Decker is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for SWK's full-year earnings has moved 4.2% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that SWK has returned about 19.2% since the start of the calendar year. In comparison, Industrial Products companies have returned an average of 12.6%. This means that Stanley Black & Decker is outperforming the sector as a whole this year.
One other Industrial Products stock that has outperformed the sector so far this year is Zebra Technologies (ZBRA). The stock is up 59.5% year-to-date.
For Zebra Technologies, the consensus EPS estimate for the current year has increased 18.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Stanley Black & Decker is a member of the Manufacturing - Tools & Related Products industry, which includes 8 individual companies and currently sits at #84 in the Zacks Industry Rank. Stocks in this group have gained about 3.4% so far this year, so SWK is performing better this group in terms of year-to-date returns.
In contrast, Zebra Technologies falls under the Manufacturing - Thermal Products industry. Currently, this industry has 1 stocks and is ranked #6. Since the beginning of the year, the industry has moved +59.5%.
Investors interested in the Industrial Products sector may want to keep a close eye on Stanley Black & Decker and Zebra Technologies as they attempt to continue their solid performance.
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Stanley Black & Decker, Inc. (SWK): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).