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

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.

Deere ( DE) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day up 0.3%. By the end of trading, Deere fell 99 cents (-1.3%) to $74.12 on average volume. Throughout the day, 3.6 million shares of Deere exchanged hands as compared to its average daily volume of four million shares. The stock ranged in price between $73.62-$75.09 after having opened the day at $74.98 as compared to the previous trading day's close of $75.11. Other companies within the Industrial industry that declined today were: China Ming Yang Wind Power Group ( MY), down 9%, Manitex International ( MNTX), down 8.7%, CUI Global ( CUI), down 7.3%, and Hallwood Group ( HWG), down 6.6%.

Deere & Company provides products and services primarily for agriculture and forestry worldwide. Deere has a market cap of $29.42 billion and is part of the industrial goods sector. The company has a P/E ratio of 10, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 2.9% year to date as of the close of trading on Friday. Currently there are nine analysts that rate Deere a buy, two analysts rate it a sell, and six rate it a hold.

TheStreet Ratings rates Deere as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth and increase in net income. 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, UQM Technologies ( UQM), up 9.9%, IntriCon Corporation ( IIN), up 7.6%, Mueller Water Products ( MWA), up 7%, and Altair Nanotechnologies ( ALTI), up 6.8%, were all gainers within the industrial industry with Manitowoc ( MTW) being today's featured industrial industry leader.

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 ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).

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