You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is ParkerHannifin (PH) Outperforming Other Industrial Products Stocks This Year? September 20, 2024
Read MoreHide Full Article
Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Is Parker-Hannifin (PH - Free Report) 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.
Parker-Hannifin is a member of our Industrial Products group, which includes 219 different companies and currently sits at #12 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. Parker-Hannifin is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for PH's full-year earnings has moved 0.9% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that PH has returned about 35.9% since the start of the calendar year. In comparison, Industrial Products companies have returned an average of 12.7%. This shows that Parker-Hannifin is outperforming its peers so far this year.
Another stock in the Industrial Products sector, Clear Secure (YOU - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 59.2%.
For Clear Secure, the consensus EPS estimate for the current year has increased 23.8% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Parker-Hannifin is a member of the Manufacturing - General Industrial industry, which includes 44 individual companies and currently sits at #152 in the Zacks Industry Rank. Stocks in this group have gained about 12.1% so far this year, so PH is performing better this group in terms of year-to-date returns.
On the other hand, Clear Secure belongs to the Security and Safety Services industry. This 20-stock industry is currently ranked #147. The industry has moved +23.7% year to date.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to Parker-Hannifin and Clear Secure as they could maintain their solid performance.
In-Depth Zacks Research for the Tickers Above
Normally $25 each - click below to receive one report FREE:
Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Is Parker-Hannifin (PH - Free Report) 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.
Parker-Hannifin is a member of our Industrial Products group, which includes 219 different companies and currently sits at #12 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. Parker-Hannifin is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for PH's full-year earnings has moved 0.9% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that PH has returned about 35.9% since the start of the calendar year. In comparison, Industrial Products companies have returned an average of 12.7%. This shows that Parker-Hannifin is outperforming its peers so far this year.
Another stock in the Industrial Products sector, Clear Secure (YOU - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 59.2%.
For Clear Secure, the consensus EPS estimate for the current year has increased 23.8% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Parker-Hannifin is a member of the Manufacturing - General Industrial industry, which includes 44 individual companies and currently sits at #152 in the Zacks Industry Rank. Stocks in this group have gained about 12.1% so far this year, so PH is performing better this group in terms of year-to-date returns.
On the other hand, Clear Secure belongs to the Security and Safety Services industry. This 20-stock industry is currently ranked #147. The industry has moved +23.7% year to date.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to Parker-Hannifin and Clear Secure as they could maintain their solid performance.