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

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.

Deere ( DE) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day down 0.3%. By the end of trading, Deere fell $0.97 (-1.1%) to $89.34 on average volume. Throughout the day, 2,631,054 shares of Deere exchanged hands as compared to its average daily volume of 3,188,400 shares. The stock ranged in price between $89.07-$90.20 after having opened the day at $89.75 as compared to the previous trading day's close of $90.31. Other companies within the Industrial industry that declined today were: AZZ ( AZZ), down 13.9%, Intellicheck Mobilisa ( IDN), down 10.7%, Fuelcell Energy ( FCEL), down 8.9% and Powell Industries ( POWL), down 8.6%.

Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. Deere has a market cap of $33.5 billion and is part of the industrial goods sector. The company has a P/E ratio of 9.9, below the S&P 500 P/E ratio of 17.7. Shares are down 1.1% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Deere a buy, 7 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Deere as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, good cash flow from operations, impressive record of earnings per share growth, increase in stock price during the past year and notable return on equity. 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 positive front, Ideal Power ( IPWR), up 22.3%, China BAK Battery ( CBAK), up 12.8%, Highpower International ( HPJ), up 6.9% and Skullcandy ( SKUL), up 5.9% , were all gainers within the industrial industry with Manitowoc ( MTW) 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).

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

More from Markets

Stocks Extend Gains Amid Progress on U.S.-China Trade

Stocks Extend Gains Amid Progress on U.S.-China Trade

Micron Spikes After $10 Billion Buyback Plan Caps Bullish Q3 Earnings Forecast

Micron Spikes After $10 Billion Buyback Plan Caps Bullish Q3 Earnings Forecast

J.C. Penney Shares Fall as CEO Marvin Ellison Resigns to Head Lowe's

J.C. Penney Shares Fall as CEO Marvin Ellison Resigns to Head Lowe's

U.S. Crude Oil Hits Fresh 3-Year Highs as Gas Prices March to $3 a Gallon

U.S. Crude Oil Hits Fresh 3-Year Highs as Gas Prices March to $3 a Gallon

Oil Prices, China Tariffs, Micron and Kohl's - 5 Things You Must Know

Oil Prices, China Tariffs, Micron and Kohl's - 5 Things You Must Know