3 Stocks Dragging The Chemicals Industry Downward

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 153 points (1.0%) at 15,892 as of Thursday, Jan. 30, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 2,359 issues advancing vs. 580 declining with 163 unchanged.

The Chemicals industry currently sits up 0.8% versus the S&P 500, which is up 1.0%. A company within the industry that fell today was Airgas ( ARG), up 2.1%.

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

3. Sherwin-Williams Company ( SHW) is one of the companies pushing the Chemicals industry lower today. As of noon trading, Sherwin-Williams Company is down $4.53 (-2.4%) to $184.59 on heavy volume. Thus far, 723,702 shares of Sherwin-Williams Company exchanged hands as compared to its average daily volume of 614,300 shares. The stock has ranged in price between $182.04-$186.71 after having opened the day at $183.99 as compared to the previous trading day's close of $189.12.

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North America, South America, Europe, Asia, and the Caribbean region. Sherwin-Williams Company has a market cap of $19.4 billion and is part of the basic materials sector. The company has a P/E ratio of 28.4, above the S&P 500 P/E ratio of 17.7. Shares are up 3.1% year-to-date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Sherwin-Williams Company a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Sherwin-Williams Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, growth in earnings per share, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Sherwin-Williams Company Ratings Report now.

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