TipRanks has announced the top 10 Wall Street industry sector analysts

Traders work on the floor of the New York Stock Exchange (NYSE) on June 14, 2023 in New York City.

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Over the past decade, increased economic activity in industrial, residential and commercial sectors has elevated the industrial goods sector to a higher level – providing investment opportunities.

TipRanks has recognized the top 10 analysts in the industrial goods sector who outperform their peers with their stock picks and generate remarkable returns from their recommendations.

TipRanks used the Expert Center tool to find highly successful analysts. We’ve analyzed every recommendation from analysts in the space over the past 10 years. TipRanks algorithms calculated the statistical significance of each rating, the analysts’ overall success rate, and the average return. In addition, these recommendations were measured over a period of one year.

Top 10 analysts from the consumer goods sector

The image below shows the most successful Wall Street analysts from the industrial goods sector.

1. Kenneth Herbert – RBC Capital

Kenneth Herberttops the list. Herbert’s overall success rate is 64%. Its best rating is Leonardo DRS (NASDAQ: DRS), a defense contractor. His buy call on DRS stock from April 2, 2020 to April 02, 2021 yielded a sharp return of 244.5%.

2. Stephen Volkman-Jefferies

Steven Volkmann is second on the list with a 68% success rate. Volkmann’s top recommendation is Parker Hanniff (NYSE: PH), is a company specializing in motion and control technologies. The analyst posted a 166.4% gain with a buy recommendation on PH stock from March 27, 2020 to March 27, 2021.

3. Seth Weber – Wells Fargo

Wells Fargo analyst Seth Weber is No. 3 on the list. Weber’s success rate is 66%. His top recommendation was at Herc Holdings (NYSE: HRI), an equipment rental firm. The analyst had a 359.5% return from April 17, 2020 to April 17, 2021 with a buy recommendation on HRI.

4. Benoit Poiret – Desjardins

The fourth place on the list is occupied by Benoit Poiret. The analyst has an overall success rate of 67%. Poirier’s best recommendation was at TFI International (TSE: TFII), transport and logistics company. From April 22, 2020 to April 22, 2021, the analyst made a 215.20% gain with a buy recommendation on Tifi stock.

5. Keith Hughes – Truist Financial

Fifth place analyst Keith Hughes has a 62% success rate. His top recommendation is Builders FirstSource (NYSE: BLDR), is a leading supplier of construction materials. The analyst reported a 284.6% gain on this stock from April 16, 2020 to April 16, 2021.

6. Stanley Elliott – Stifel Nicolaus

Stanley Elliott is in sixth place. The analyst has a 69% success rate. Elliott’s top recommendation was for Caterpillar (NYSE: CAT), is a leading manufacturer of construction and mining equipment. With a buy call on CAT stock, the analyst posted a solid return of 149.3% from March 16, 2020 to March 16, 2021.

7. Andrew Kaplovitz – Citi

Citigroup analyst Andrew Kaplovitz ranks seventh on the list with a 65% success rate. Kaplowitz’s best call was buying shares of Symbotic (NASDAQ: SYM), a warehouse automation company. Recommendation brought 300% return from November 22, 2022 to date.

8. Julian Mitchell – Barclays

Julian Mitchell from Barclays took eighth place. Mitchell’s overall success rate is 66%. The analyst’s top recommendation is Carrier Global, a provider of smart climate and energy solutions (NYSE: CARR). Through the call to buy, the analyst made a solid return of 145.4% from May 11, 2020 to May 11, 2021.

9. Gautam Khanna — TD Cowen

Gautam Khanna is ninth in the list. The analyst has a 68% success rate. His key call was made at Johnson Controls (NYSE: JCI), a company that creates infrastructure and construction security solutions. The buy recommendation returned 134.8% from May 14, 2020 to May 14, 2021.

10. Christopher Glynn – Oppenheimer

Christopher Glynn is 10th on the list with a 60% success rate. Glynn’s best call was buying shares of Generac (NYSE: GNRC), a power technology company that provides advanced power grid software solutions and backup and primary power systems. The recommendation yielded 284.2% from March 23, 2020 to March 23, 2021.

Bottom line

Investors can follow the ratings of top analysts to make an informed investment decision. We’ll be back soon with the top 10 analysts of the last decade in the utilities sector.

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