Flowserve Corporation

(

FLS

) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods loser. The sector as a whole closed the day down 0.5%. By the end of trading, Flowserve Corporation fell $3.50 (-3.1%) to $109.05 on heavy volume. Throughout the day, 973,685 shares of Flowserve Corporation exchanged hands as compared to its average daily volume of 602,200 shares. The stock ranged in price between $108.62-$113.11 after having opened the day at $112.65 as compared to the previous trading day's close of $112.55. Other company's within the Industrial Goods sector that declined today were:

Goldfield

(

GV

), down 12.6%,

China Development Group Corporation

(

CTDC

), down 9.8%,

Presstek

(

PRST

), down 8.2%, and

A123 Systems

(

AONE

), down 7.6%.

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Flowserve Corporation engages in the design, manufacture, distribution, and service of industrial flow management equipment. The company operates in three segments: FSG Engineered Product, FSG Industrial Product, and Flow Control. Flowserve Corporation has a market cap of $6.37 billion and is part of the

industrial

industry. The company has a P/E ratio of 15.3, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 17.3% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Flowserve Corporation a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Flowserve Corporation as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front,

Art's-Way Manufacturing

(

ARTW

), up 13.2%,

US Concrete

(

USCR

), up 10.3%,

Cleantech Solutions International

(

CLNT

), up 9.9%, and

China Recycling Energy Corporation

(

CREG

), up 9%, were all gainers within the industrial goods sector with

Louisiana-Pacific

(

LPX

) being today's featured industrial goods sector winner.

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

(

XLI

) while those bearish on the industrial goods sector could consider

ProShares Short Dow 30

(

DOG

).

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