Mohawk Industries Inc. (MHK): Today's Featured Industrial Winner

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.

Mohawk Industries ( MHK) pushed the Industrial industry higher today making it today's featured industrial winner. The industry as a whole closed the day down 0.2%. By the end of trading, Mohawk Industries rose $1.67 (1.2%) to $140.91 on average volume. Throughout the day, 1,420,470 shares of Mohawk Industries exchanged hands as compared to its average daily volume of 970,600 shares. The stock ranged in a price between $138.61-$140.96 after having opened the day at $139.42 as compared to the previous trading day's close of $139.24. Other companies within the Industrial industry that increased today were: Highpower International ( HPJ), up 23.8%, China BAK Battery ( CBAK), up 17.6%, Altair Nanotechnologies ( ALTI), up 16.6% and Polypore International ( PPO), up 9.7%.

Mohawk Industries, Inc., together with its subsidiaries, produces floor covering products for residential and commercial applications in the United States and for residential applications in Europe. The company operates through three segments: Mohawk, Dal-Tile, and Unilin. Mohawk Industries has a market cap of $10.4 billion and is part of the industrial goods sector. Shares are down 6.5% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate Mohawk Industries a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Mohawk Industries as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins.

On the negative front, Chart Industries ( GTLS), down 9.6%, Tennant Company ( TNC), down 7.8%, A.M. Castle ( CAS), down 5.7% and Preformed Line Products Company ( PLPC), down 5.3% , were all laggards within the industrial industry with Joy Global ( JOY) being today's industrial industry laggard.

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).

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