Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Has Atmus Filtration Technologies (ATMU) 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.
Atmus Filtration Technologies is a member of our Industrial Products group, which includes 189 different companies and currently sits 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Atmus Filtration Technologies is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ATMU's full-year earnings has moved 1.9% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, ATMU has moved about 7.9% on a year-to-date basis. Meanwhile, stocks in the Industrial Products group have gained about 5.1% on average. As we can see, Atmus Filtration Technologies is performing better than its sector in the calendar year.
Another stock in the Industrial Products sector, Crown Holdings (CCK), has outperformed the sector so far this year. The stock's year-to-date return is 21.9%.
For Crown Holdings, the consensus EPS estimate for the current year has increased 4.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Atmus Filtration Technologies belongs to the Pollution Control industry, which includes 7 individual stocks and currently sits at #53 in the Zacks Industry Rank. On average, stocks in this group have gained 2% this year, meaning that ATMU 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 #42. Since the beginning of the year, the industry has moved +3.7%.
Atmus Filtration Technologies and Crown Holdings could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.
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Atmus Filtration Technologies Inc. (ATMU): Free Stock Analysis Report Crown Holdings, Inc. (CCK): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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