Avery Dennison Corp (AVY): 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.

Avery Dennison ( AVY) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day down 0.5%. By the end of trading, Avery Dennison fell $2.30 (-4.4%) to $49.46 on heavy volume. Throughout the day, 2,257,698 shares of Avery Dennison exchanged hands as compared to its average daily volume of 822,300 shares. The stock ranged in price between $48.31-$49.85 after having opened the day at $48.94 as compared to the previous trading day's close of $51.76. Other companies within the Industrial industry that declined today were: Valmont Industries ( VMI), down 6.9%, China BAK Battery ( CBAK), down 6.2%, Intellicheck Mobilisa ( IDN), down 5.3% and Lincoln Electric Holdings ( LECO), down 4.9%.

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.

On the positive front, Woodward ( WWD), up 7.5%, NF Energy Saving ( NFEC), up 6.0%, MFRI ( MFRI), up 4.4% and ARC Group Worldwide ( ARCW), up 3.6% , were all gainers within the industrial industry with Ingersoll-Rand ( IR) 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).

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