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.
Gardner Denver (
GDI) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day up 0.2%. By the end of trading, Gardner Denver fell $1.64 (-2.3%) to $68.83 on heavy volume. Throughout the day, 3.4 million shares of Gardner Denver exchanged hands as compared to its average daily volume of 968,400 shares. The stock ranged in price between $68.36-$71.67 after having opened the day at $70.94 as compared to the previous trading day's close of $70.47. Other companies within the Industrial industry that declined today were:
THT Heat Transfer Technology (
THTI), down 7.6%,
Active Power (
ACPW), down 5.1%,
China Valves Technology (
CVVT), down 4.4%, and
Ecotality (
ECTY), down 4.3%.
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Gardner Denver, Inc. designs, manufactures, and markets engineered industrial machinery and related parts and services primarily in North America, Europe, Asia, South America, Africa, and Australia. The company operates in two segments, Industrial Products Group and Engineered Products Group. Gardner Denver has a market cap of $3.44 billion and is part of the industrial goods sector. The company has a P/E ratio of 13, below the S&P 500 P/E ratio of 17.7. Shares are up 2.2% year to date as of the close of trading on Friday. Currently there are two analysts that rate Gardner Denver a buy, no analysts rate it a sell, and four rate it a hold.
TheStreet Ratings rates Gardner Denver as a
buy. The company's strengths can be seen in multiple areas, such as its 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 shows weak operating cash flow.
On the positive front,
JinkoSolar (
JKS), up 7.7%,
Chase Corporation (
CCF), up 7.5%,
IntriCon Corporation (
IIN), up 7.1%, and
P & F Industries (
PFIN), up 7.1%, were all gainers within the industrial industry with
Mohawk Industries (
MHK) 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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