Deere & Co (DE): Today's Featured Industrial Loser
(
) pushed the Industrial industry lower today making it today's featured Industrial loser. The industry as a whole closed the day down 1.3%. By the end of trading, Deere fell $1.08 (-1.4%) to $73.64 on light volume. Throughout the day, 2.2 million shares of Deere exchanged hands as compared to its average daily volume of 5.3 million shares. The stock ranged in price between $73.62-$75.50 after having opened the day at $74.76 as compared to the previous trading day's close of $74.72. Other company's within the Industrial industry that declined today were:
(
), down 16.7%,
THT Heat Transfer Technology Inc
(
), down 10.5%,
Asia Pacific Wire & Cable Corp
(
), down 9.7%, and
Asia Pacific Wire & Cable Corp
(
AWRCF
), down 9.7%.
Deere & Company provides products and services primarily for agriculture and forestry worldwide. The company operates in three segments: Agriculture and Turf, Construction and Forestry, and Credit. Deere has a market cap of $29.77 billion and is part of the
sector. The company has a P/E ratio of 11.3, below the average industrial industry P/E ratio of 11.8 and below the S&P 500 P/E ratio of 17.7. Shares are down 10% year to date as of the close of trading on Wednesday.
TheStreet Ratings rates Deere as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, robust revenue growth, notable return on equity, good cash flow from operations and compelling growth in net income. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.
- You can view the full Deere Ratings Report.
On the positive front,
(
), up 12.5%,
China Development Group Corporation
(
), up 12.2%,
(
), up 5.7%, and
(
), up 5.4%, were all gainers within the industrial industry with
(
) being today's featured industrial industry winner.
- Use our industrial section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
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
(
).
- Find other investment ideas from our top rated ETFs lists.
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