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) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day down 0.1%. By the end of trading, Ametek fell 40 cents (-1.3%) to $31.09 on heavy volume. Throughout the day, two million shares of Ametek exchanged hands as compared to its average daily volume of 1.2 million shares. The stock ranged in price between $31-$32.10 after having opened the day at $31.65 as compared to the previous trading day's close of $31.49. Other company's within the Industrial industry that declined today were:

China BAK Battery



), down 6.8%,

P & F Industries



), down 6.2%,

Broadwind Energy



), down 5.6%, and

Lennox International



), down 5.4%.

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AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices in North America, Europe, Asia, and South America. The company operates in two segments, Electronic Instruments Group and Electromechanical Group. Ametek has a market cap of $8.03 billion and is part of the

industrial goods

sector. The company has a P/E ratio of 20.1, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 12.2% year to date as of the close of trading on Tuesday. Currently there are eight analysts that rate Ametek a buy, no analysts rate it a sell, and three rate it a hold.

TheStreet Ratings rates Ametek as a


. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

On the positive front,

China Development Group Corporation



), up 12.5%,

Hollysys Automation Technologies



), up 4.8%,

Proto Labs



), up 4.6%, and




), up 4.1%, were all gainers within the industrial industry with




) being today's featured industrial industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider

SPDR Dow Jones Industrial Average



) while those bearish on the industrial industry could consider

ProShares UltraShort Industrials