Fastenal Company (FAST): Today's Featured Industrial Goods 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.

Fastenal Company ( FAST) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day down 1.0%. By the end of trading, Fastenal Company fell $0.53 (-1.2%) to $44.56 on average volume. Throughout the day, 2,848,897 shares of Fastenal Company exchanged hands as compared to its average daily volume of 2,194,300 shares. The stock ranged in price between $44.13-$45.40 after having opened the day at $45.36 as compared to the previous trading day's close of $45.09. Other companies within the Industrial Goods sector that declined today were: Euro Tech Holdings Company ( CLWT), down 9.3%, Altair Nanotechnologies ( ALTI), down 9.1%, Intellicheck Mobilisa ( IDN), down 8.2% and Astrotech Corporation ( ASTC), down 8.0%.

Fastenal Company, together with its subsidiaries, operates as a wholesaler and retailer of industrial and construction supplies in the United States, Canada, and internationally. The company offers fasteners and other industrial and construction supplies under the Fastenal name. Fastenal Company has a market cap of $14.1 billion and is part of the materials & construction industry. The company has a P/E ratio of 31.5, above the S&P 500 P/E ratio of 17.7. Shares are down 5.1% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate Fastenal Company a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Fastenal Company 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, expanding profit margins, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, Real Goods Solar ( RSOL), up 16.3%, Desarrolladora Homex SAB de CV ADR ( HXM), up 15.3%, Research Frontiers ( REFR), up 10.3% and IntriCon Corporation ( IIN), up 9.7% , were all gainers within the industrial goods sector with Rayonier ( RYN) being today's featured industrial goods sector leader.

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).

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

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