3 Stocks Underperforming Today In The Industrial Industry

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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 34 points (-0.2%) at 15,991 as of Tuesday, Dec. 10, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,256 issues advancing vs. 1,637 declining with 176 unchanged.

The Industrial industry currently sits down 0.4% versus the S&P 500, which is down 0.2%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3. ABB ( ABB) is one of the companies pushing the Industrial industry lower today. As of noon trading, ABB is down $0.20 (-0.8%) to $25.16 on light volume. Thus far, 398,469 shares of ABB exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $25.12-$25.32 after having opened the day at $25.28 as compared to the previous trading day's close of $25.36.

ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $58.2 billion and is part of the industrial goods sector. The company has a P/E ratio of 21.5, above the S&P 500 P/E ratio of 17.7. Shares are up 22.0% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate ABB a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates ABB as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full ABB Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

2. As of noon trading, Tenaris ( TS) is down $0.62 (-1.4%) to $43.54 on average volume. Thus far, 437,698 shares of Tenaris exchanged hands as compared to its average daily volume of 935,200 shares. The stock has ranged in price between $43.50-$44.49 after having opened the day at $44.25 as compared to the previous trading day's close of $44.16.

Tenaris S.A., through its subsidiaries, engages in the steel pipe manufacturing and distribution activities. Tenaris has a market cap of $25.8 billion and is part of the industrial goods sector. The company has a P/E ratio of 15.2, below the S&P 500 P/E ratio of 17.7. Shares are up 4.3% year to date as of the close of trading on Monday. Currently there are 3 analysts that rate Tenaris a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Tenaris 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, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Tenaris Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, Parker Hannifin Corporation ( PH) is down $0.92 (-0.8%) to $119.87 on average volume. Thus far, 411,256 shares of Parker Hannifin Corporation exchanged hands as compared to its average daily volume of 978,900 shares. The stock has ranged in price between $119.48-$120.73 after having opened the day at $119.55 as compared to the previous trading day's close of $120.79.

Parker-Hannifin Corporation manufactures motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. Parker Hannifin Corporation has a market cap of $18.1 billion and is part of the industrial goods sector. The company has a P/E ratio of 19.2, above the S&P 500 P/E ratio of 17.7. Shares are up 42.0% year to date as of the close of trading on Monday. Currently there are 8 analysts that rate Parker Hannifin Corporation a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Parker Hannifin Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Parker Hannifin Corporation Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you are interested in one of these 5 stocks, 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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