3M Co (MMM): 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.

3M ( MMM) pushed the Industrial industry higher today making it today's featured industrial winner. The industry as a whole closed the day up 0.5%. By the end of trading, 3M rose $1.54 (1.1%) to $139.09 on average volume. Throughout the day, 2,849,164 shares of 3M exchanged hands as compared to its average daily volume of 2,886,100 shares. The stock ranged in a price between $137.33-$139.20 after having opened the day at $137.63 as compared to the previous trading day's close of $137.55. Other companies within the Industrial industry that increased today were: Broadwind Energy ( BWEN), up 11.9%, Ocean Power Technologies ( OPTT), up 8.0%, ZBB Energy ( ZBB), up 7.0% and ExOne ( XONE), up 6.9%.

3M Company operates as a diversified technology company worldwide. 3M has a market cap of $90.3 billion and is part of the industrial goods sector. The company has a P/E ratio of 19.8, above the S&P 500 P/E ratio of 17.7. Shares are down 2.1% 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, solid stock price performance, growth in earnings per share, notable return on equity and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, China BAK Battery ( CBAK), down 7.8%, Watts Water Technologies ( WTS), down 6.5%, CVD Equipment ( CVV), down 4.3% and Asia Pacific Wire & Cable ( APWC), down 4.3% , were all laggards within the industrial industry with AGCO ( AGCO) 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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