Deere & Co (DE): Today's Featured Industrial Goods Winner

Deere ( DE) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole closed the day up 1.7%. By the end of trading, Deere rose $1.51 (2.1%) to $74.05 on light volume. Throughout the day, 2.4 million shares of Deere exchanged hands as compared to its average daily volume of 3.8 million shares. The stock ranged in a price between $72.38-$74.19 after having opened the day at $72.81 as compared to the previous trading day's close of $72.54. Other companies within the Industrial Goods sector that increased today were: A123 Systems ( AONE), up 51.9%, PMFG ( PMFG), up 14.3%, India Globalization Capital ( IGC), up 12.4%, and Wowjoint Holdings ( BWOW), up 10.7%.

Deere & Company provides products and services primarily for agriculture and forestry worldwide. Deere has a market cap of $29.56 billion and is part of the industrial industry. The company has a P/E ratio of 10.3, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 7.4% year to date as of the close of trading on Monday. Currently there are eight analysts that rate Deere a buy, one analyst rates it a sell, and eight rate it a hold.

TheStreet Ratings rates Deere as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth and notable return on equity. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

On the negative front, Breeze-Eastern Corporation ( BZC), down 17%, Asia Pacific Wire & Cable Corp ( APWC), down 5.6%, Highway Holdings ( HIHO), down 4.4%, and China Ming Yang Wind Power Group ( MY), down 3.9%, were all losers within the industrial goods sector with Owens Corning Incorporated ( OC) being today's industrial goods sector loser.

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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