The conglomerates sector was unchanged today. Lydall Inc ( LDL) was today's featured conglomerates winner. Lydall Inc rose 21 cents (2.1%) to $10.32 on light volume. Throughout the day, 50,087 shares of Lydall Inc exchanged hands as compared to its average daily volume of 72,200 shares. Lydall, Inc. designs and manufactures specialty engineered products for thermal/acoustical, filtration/separation, and bio/medical applications in the United States. It operates in two segments, Performance Materials and Thermal/Acoustical. Lydall Inc has a market cap of $167.2 million and is part of the conglomerates industry. The company has a P/E ratio of 22.2, above the average conglomerates industry P/E ratio of 14.1 and above the S&P 500 P/E ratio of 17.7. Shares are up 25.6% year to date as of the close of trading on Wednesday. TheStreet Ratings rates Lydall as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the conglomerates sector could consider SPDR Trust Series one ( SPY) while those bearish on the conglomerates sector could consider ProShares Short S&P 500 ( SH).