Avery Dennison Corp (AVY): Today's Featured Industrial Goods Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Avery Dennison ( AVY) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole closed the day down 1.1%. By the end of trading, Avery Dennison rose $0.75 (1.5%) to $49.36 on average volume. Throughout the day, 934,740 shares of Avery Dennison exchanged hands as compared to its average daily volume of 716,700 shares. The stock ranged in a price between $48.42-$49.51 after having opened the day at $48.60 as compared to the previous trading day's close of $48.61. Other companies within the Industrial Goods sector that increased today were: Highway Holdings ( HIHO), up 12.9%, Frontline ( FRO), up 10.7%, Vertex Energy ( VTNR), up 8.9% and Sifco Industries ( SIF), up 8.5%.

Avery Dennison Corporation engages in the production and sale of pressure-sensitive materials worldwide. Its Pressure-sensitive Materials segment offers pressure-sensitive label and packaging materials, graphics and graphic films, reflective products, and tapes and performance polymers. Avery Dennison has a market cap of $4.7 billion and is part of the consumer durables industry. The company has a P/E ratio of 20.8, above the S&P 500 P/E ratio of 17.7. Shares are up 40.5% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Avery Dennison a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Avery Dennison as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, notable return on equity and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, MagneGas Corporation ( MNGA), down 16.9%, Adept Technology ( ADEP), down 9.6%, Cavco Industries ( CVCO), down 8.8% and Gulf Island Fabrication ( GIFI), down 7.5% , were all laggards within the industrial goods sector with Mohawk Industries ( MHK) being today's industrial goods sector laggard.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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