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. 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 one of 189 companies in the Industrial Products group. The Industrial Products group currently sits at #4 within 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. Allegion is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for ALLE's full-year earnings has moved 5.6% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Our latest available data shows that ALLE has returned about 29.8% since the start of the calendar year. At the same time, Industrial Products stocks have gained an average of 8.5%. This means that Allegion is outperforming the sector as a whole this year.

Intellicheck Mobilisa, Inc. (IDN) is another Industrial Products stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 76.8%.

Over the past three months, Intellicheck Mobilisa, Inc.'s consensus EPS estimate for the current year has increased 75%. 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 16 individual companies and currently sits at #57 in the Zacks Industry Rank. On average, stocks in this group have gained 21.1% this year, meaning that ALLE is performing better in terms of year-to-date returns. Intellicheck Mobilisa, Inc. is also part of the same industry.

Going forward, investors interested in Industrial Products stocks should continue to pay close attention to Allegion and Intellicheck Mobilisa, Inc. as they could maintain their solid performance.

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This article originally published on Zacks Investment Research (zacks.com).

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