Manitowoc Co Inc (MTW): 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.

Manitowoc ( MTW) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day down 0.3%. By the end of trading, Manitowoc fell $0.69 (-2.4%) to $28.31 on heavy volume. Throughout the day, 4,770,415 shares of Manitowoc exchanged hands as compared to its average daily volume of 2,584,700 shares. The stock ranged in price between $28.05-$28.92 after having opened the day at $28.63 as compared to the previous trading day's close of $29.00. Other companies within the Industrial industry that declined today were: Tecumseh Products ( TECUB), down 21.7%, L S Starrett ( SCX), down 7.2%, Ballard Power Systems ( BLDP), down 6.4% and Skullcandy ( SKUL), down 6.0%.

The Manitowoc Company, Inc. designs, manufactures, and sells cranes and related products, and foodservice equipment worldwide. It operates in two segments, Cranes and Related Products, and Foodservice Equipment. Manitowoc has a market cap of $3.9 billion and is part of the industrial goods sector. The company has a P/E ratio of 28.6, above the S&P 500 P/E ratio of 17.7. Shares are up 24.4% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Manitowoc a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Manitowoc as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Arotech ( ARTX), up 10.7%, IntriCon ( IIN), up 8.5%, Hydrogenics ( HYGS), up 7.5% and China Ming Yang Wind Power Group ( MY), up 6.5% , were all gainers within the industrial industry with Precision Castparts ( PCP) 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).

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 liked this article you might like

Mosaic, UBS, Manitowoc, Amtrust Financial Services: 'Mad Money' Lightning Round

Politics, Doubts Confound Jittery Stocks: Cramer's 'Mad Money' Recap (Thursday 4/13/17)

Xerox Spinoff Conduent Could Be an Activist Target

Is This a Moment of Recklessness?: Cramer's 'Mad Money' Recap (Monday 3/6/17)

Winning Stocks Are Right in Front of Your Eyes: Cramer's 'Mad Money' Recap (Thursday 1/26/17)