Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Is Donaldson (DCI) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.
Donaldson is a member of the Industrial Products sector. This group includes 187 individual stocks and currently holds a Zacks Sector Rank of #5. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Donaldson is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for DCI's full-year earnings has moved 0.7% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, DCI has returned 35.9% so far this year. Meanwhile, the Industrial Products sector has returned an average of 7.1% on a year-to-date basis. As we can see, Donaldson is performing better than its sector in the calendar year.
Another Industrial Products stock, which has outperformed the sector so far this year, is O-I Glass (OI). The stock has returned 37.4% year-to-date.
The consensus estimate for O-I Glass' current year EPS has increased 9.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Donaldson is a member of the Pollution Control industry, which includes 7 individual companies and currently sits at #59 in the Zacks Industry Rank. This group has gained an average of 37.5% so far this year, so DCI is slightly underperforming its industry in this area.
O-I Glass, however, belongs to the Glass Products industry. Currently, this 2-stock industry is ranked #23. The industry has moved -3.8% so far this year.
Investors interested in the Industrial Products sector may want to keep a close eye on Donaldson and O-I Glass as they attempt to continue their solid performance.
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Donaldson Company, Inc. (DCI): Free Stock Analysis Report O-I Glass, Inc. (OI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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