5 Stocks Dragging In The Industrial Industry

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 27 points (-0.2%) at 15,858 as of Tuesday, Dec. 17, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 997 issues advancing vs. 1,953 declining with 153 unchanged.

The Industrial industry currently sits down 0.3% versus the S&P 500, which is down 0.5%. A company within the industry that fell today was Royal Philips ( PHG), up 0.6%.

TheStreet would like to highlight 5 stocks pushing the industry lower today:

5. Tenaris ( TS) is one of the companies pushing the Industrial industry lower today. As of noon trading, Tenaris is down $1.37 (-3.1%) to $42.48 on average volume. Thus far, 586,368 shares of Tenaris exchanged hands as compared to its average daily volume of 945,300 shares. The stock has ranged in price between $42.36-$43.99 after having opened the day at $43.95 as compared to the previous trading day's close of $43.85.

Tenaris S.A., through its subsidiaries, engages in the steel pipe manufacturing and distribution activities. Tenaris has a market cap of $25.2 billion and is part of the industrial goods sector. The company has a P/E ratio of 14.8, below the S&P 500 P/E ratio of 17.7. Shares are up 1.8% 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.

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