Deere & Co (DE): Today's Featured Industrial Goods Laggard - TheStreet

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model




) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day down 2.8%. By the end of trading, Deere fell $2.19 (-2.6%) to $82.89 on average volume. Throughout the day, 4,331,409 shares of Deere exchanged hands as compared to its average daily volume of 3,064,900 shares. The stock ranged in price between $82.63-$84.36 after having opened the day at $84.28 as compared to the previous trading day's close of $85.08. Other companies within the Industrial Goods sector that declined today were:

NF Energy Saving



), down 17.4%,

Fuelcell Energy



), down 12.9%,




), down 11.2% and

China Ming Yang Wind Power Group



), down 10.5%.

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Deere & Company manufactures and distributes agriculture and turf equipment, and construction and forestry equipment worldwide. Deere has a market cap of $33.0 billion and is part of the industrial industry. The company has a P/E ratio of 10.5, below the S&P 500 P/E ratio of 17.7. Shares are down 1.6% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Deere a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates


as a


. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, increase in stock price during the past year and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the positive front,

Exide Technologies



), down 10.8%,

Compx International



), down 6.1%,

Cleantech Solutions International



), down 4.5% and

India Globalization Capital



), down 3.7%.

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

Industrial Select Sector SPDR



) while those bearish on the industrial goods sector could consider

ProShares Short Dow 30




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