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

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 higher today making it today's featured industrial winner. The industry as a whole closed the day up 0.4%. By the end of trading, Deere rose $1.04 (1.2%) to $86.86 on average volume. Throughout the day, 3.9 million shares of Deere exchanged hands as compared to its average daily volume of four million shares. The stock ranged in a price between $85.45-$87.13 after having opened the day at $85.54 as compared to the previous trading day's close of $85.81. Other companies within the Industrial industry that increased today were: A123 Systems ( AONE), up 36.4%, Broadwind Energy ( BWEN), up 26.7%, Dixie Group ( DXYN), up 17.4%, and China Valves Technology ( CVVT), up 10.6%.
  • ACTIVE STOCK TRADERS: Get full access to Jim Cramer's thoughts for less than $3/week - sometimes before he says them on TV! Start with a 14-Day Free Trial.

Deere & Company provides products and services primarily for agriculture and forestry worldwide. Deere has a market cap of $33.12 billion and is part of the industrial goods sector. The company has a P/E ratio of 11.3, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 10.9% year to date as of the close of trading on Wednesday. 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, increase in stock price during the past year, 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 negative front, Edwards Group ( EVAC), down 10.2%, Altair Nanotechnologies ( ALTI), down 6%, LSI Industries ( LYTS), down 5.4%, and Park-Ohio Holdings ( PKOH), down 5%, were all laggards within the industrial industry with Danaher Corporation ( DHR) being today's industrial industry laggard.

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).

FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.

null

More from Markets

Amazon Shares on Record Path, Challenging Apple as World's Biggest Company

Amazon Shares on Record Path, Challenging Apple as World's Biggest Company

UK GDP Hits Slowest Pace in Five Years as Cold Snap Hammers Construction

UK GDP Hits Slowest Pace in Five Years as Cold Snap Hammers Construction

Global Stocks Rise on Tech Resurgence; Dollar Past 3-Month High Ahead of Q1 GDP

Global Stocks Rise on Tech Resurgence; Dollar Past 3-Month High Ahead of Q1 GDP

Daimler Shares Rise After Record Mercedes-Benz Sales, Bullish Profit Outlook

Daimler Shares Rise After Record Mercedes-Benz Sales, Bullish Profit Outlook

AMD Rises Above the Competition; Loan Losses Mount for Big Banks -- ICYMI

AMD Rises Above the Competition; Loan Losses Mount for Big Banks -- ICYMI