Is Sandvik (SDVKY) Stock Outpacing Its Industrial Products Peers This Year?

Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Sandvik AB (SDVKY) 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? 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.Sandvik AB is a member of the Industrial Products sector. This group includes 200 individual stocks and currently holds a Zacks Sector Rank of #11. 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. Sandvik AB is currently sporting a Zacks Rank of #2 (Buy).Over the past 90 days, the Zacks Consensus Estimate for SDVKY's full-year earnings has moved 0.8% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.According to our latest data, SDVKY has moved about 26.3% on a year-to-date basis. Meanwhile, stocks in the Industrial Products group have lost about 5% on average. This means that Sandvik AB is performing better than its sector in terms of year-to-date returns.Another Industrial Products stock, which has outperformed the sector so far this year, is AB SKF (SKFRY). The stock has returned 16.3% year-to-date.In AB SKF's case, the consensus EPS estimate for the current year increased 7.5% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).Breaking things down more, Sandvik AB is a member of the Manufacturing - Tools & Related Products industry, which includes 7 individual companies and currently sits at #82 in the Zacks Industry Rank. On average, stocks in this group have lost 1.4% this year, meaning that SDVKY is performing better in terms of year-to-date returns.On the other hand, AB SKF belongs to the Metal Products - Procurement and Fabrication industry. This 10-stock industry is currently ranked #67. The industry has moved -2.8% year to date.Sandvik AB and AB SKF could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Sandvik AB (SDVKY): Free Stock Analysis Report AB SKF (SKFRY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks