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3 Stocks Pushing The Industrial Industry Lower

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

The Industrial industry as a whole closed the day down 0.2% versus the S&P 500, which was unchanged. Laggards within the Industrial industry included Global-Tech Advanced Innovations ( GAI), down 3.7%, Ultralife Batteries ( ULBI), down 1.8%, American DG Energy ( ADGE), down 12.8%, Tecumseh Products ( TECUB), down 2.1% and THT Heat Transfer Technology ( THTI), down 1.6%.

TheStreet Ratings Group would like to highlight 3 stocks that pushed the industry lower today:

Tennant ( TNC) is one of the companies that pushed the Industrial industry lower today. Tennant was down $1.33 (1.8%) to $74.57 on average volume. Throughout the day, 64,801 shares of Tennant exchanged hands as compared to its average daily volume of 77,400 shares. The stock ranged in price between $74.32-$76.41 after having opened the day at $76.06 as compared to the previous trading day's close of $75.90.

Tennant Company designs, manufactures, and markets cleaning solutions worldwide. Tennant has a market cap of $1.4 billion and is part of the industrial goods sector. Shares are up 11.9% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst who rates Tennant a buy, no analysts rate it a sell, and 1 rates it a hold.

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TheStreet Ratings rates Tennant as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

Highlights from TheStreet Ratings analysis on TNC go as follows:

  • The revenue growth came in higher than the industry average of 6.5%. Since the same quarter one year prior, revenues slightly increased by 9.4%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • TNC's debt-to-equity ratio is very low at 0.11 and is currently below that of the industry average, implying that there has been very successful management of debt levels. To add to this, TNC has a quick ratio of 1.67, which demonstrates the ability of the company to cover short-term liquidity needs.
  • Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 59.74% over the past year, a rise that has exceeded that of the S&P 500 Index. We feel that the stock's sharp appreciation over the last year has driven it to a price level which is now somewhat expensive compared to the rest of its industry. The other strengths this company shows, however, justify the higher price levels.
  • TENNANT CO has improved earnings per share by 14.8% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, TENNANT CO reported lower earnings of $2.14 versus $2.18 in the prior year. This year, the market expects an improvement in earnings ($2.60 versus $2.14).
  • The net income growth from the same quarter one year ago has exceeded that of the Machinery industry average, but is less than that of the S&P 500. The net income increased by 14.5% when compared to the same quarter one year prior, going from $5.06 million to $5.80 million.

You can view the full analysis from the report here: Tennant Ratings Report

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