Investors focused on the Industrial Products space have likely heard of Graco (GGG Quick QuoteGGG - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Graco is one of 208 individual stocks in the Industrial Products sector. Collectively, these companies sit at #13 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. GGG is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for GGG's full-year earnings has moved 5.89% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the latest available data, GGG has gained about 1.90% so far this year. In comparison, Industrial Products companies have returned an average of -8.43%. This shows that Graco is outperforming its peers so far this year.

Breaking things down more, GGG is a member of the Manufacturing - General Industrial industry, which includes 39 individual companies and currently sits at #153 in the Zacks Industry Rank. On average, this group has lost an average of 5.59% so far this year, meaning that GGG is performing better in terms of year-to-date returns.

GGG will likely be looking to continue its solid performance, so investors interested Industrial Products stocks should continue to pay close attention to the company.