3 Stocks Dragging The Industrial Industry Downward

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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 4 points (0.0%) at 16,511 as of Wednesday, April 23, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,718 issues advancing vs. 1,280 declining with 133 unchanged.

The Industrial industry currently sits down 0.2% versus the S&P 500, which is down 0.1%. A company within the industry that fell today was Royal Philips ( PHG), up 1.2%. Top gainers within the industry include Woodward ( WWD), up 9.2%, Nidec ( NJ), up 1.6%, Pentair ( PNR), up 1.2% and Emerson Electric ( EMR), up 0.6%.

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

3. Valmont Industries ( VMI) is one of the companies pushing the Industrial industry lower today. As of noon trading, Valmont Industries is down $10.22 (-6.6%) to $144.80 on heavy volume. Thus far, 616,990 shares of Valmont Industries exchanged hands as compared to its average daily volume of 254,200 shares. The stock has ranged in price between $144.20-$150.97 after having opened the day at $148.50 as compared to the previous trading day's close of $155.02.

Valmont Industries, Inc. produces and sells fabricated metal products in the United States, Australia, China, France, and internationally. It operates in four segments: Engineered Infrastructure Products, Utility Support Structures, Coatings, and Irrigation. Valmont Industries has a market cap of $4.1 billion and is part of the industrial goods sector. Shares are up 4.0% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Valmont Industries a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Valmont Industries 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, notable return on equity, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Valmont Industries Ratings Report now.

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

2. As of noon trading, Avery Dennison ( AVY) is down $2.50 (-4.8%) to $49.26 on heavy volume. Thus far, 1.1 million shares of Avery Dennison exchanged hands as compared to its average daily volume of 822,300 shares. The stock has ranged in price between $48.31-$49.81 after having opened the day at $48.94 as compared to the previous trading day's close of $51.76.

Avery Dennison Corporation produces and sells pressure-sensitive materials worldwide. It operates through Pressure-Sensitive Materials, and Retail Branding and Information Solutions segments. Avery Dennison has a market cap of $4.9 billion and is part of the consumer goods sector. Shares are up 3.1% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Avery Dennison a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Avery Dennison as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Avery Dennison Ratings Report now.

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

1. As of noon trading, 3M ( MMM) is down $0.89 (-0.6%) to $138.00 on average volume. Thus far, 1.3 million shares of 3M exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $137.89-$138.89 after having opened the day at $138.81 as compared to the previous trading day's close of $138.89.

3M Company operates as a diversified technology company worldwide. 3M has a market cap of $91.2 billion and is part of the industrial goods sector. Shares are down 1.0% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts that rate 3M a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates 3M 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, notable return on equity, expanding profit margins and growth in earnings per share. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full 3M Ratings Report now.

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

If you are interested in one of these 3 stocks, 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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