The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Halma (HLMAF – Free Report) one of those stocks right now? 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.
Halma is a member of the Industrial Products sector. This group includes 200 individual stocks and currently holds a Zacks Sector Rank of #12. 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. Halma is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for HLMAF’s full-year earnings has moved 3.1% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that HLMAF has returned about 2% since the start of the calendar year. At the same time, Industrial Products stocks have lost an average of 3.6%. This means that Halma is outperforming the sector as a whole this year.
Another Industrial Products stock, which has outperformed the sector so far this year, is Komatsu Ltd. (KMTUY – Free Report) . The stock has returned 12.6% year-to-date.
For Komatsu Ltd. the consensus EPS estimate for the current year has increased 14.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Halma belongs to the Security and Safety Services industry, a group that includes 18 individual stocks and currently sits at #47 in the Zacks Industry Rank. On average, this group has lost an average of 5.1% so far this year, meaning that HLMAF is performing better in terms of year-to-date returns.
In contrast, Komatsu Ltd. falls under the Manufacturing – Construction and Mining industry. Currently, this industry has 7 stocks and is ranked #185. Since the beginning of the year, the industry has moved -4.7%.
Halma and Komatsu Ltd. 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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