3 Industrial Stocks Dragging The Industry Down

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 22 points (0.1%) at 16,756 as of Friday, June 13, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,558 issues advancing vs. 1,369 declining with 183 unchanged.

The Industrial industry currently sits up 0.3% versus the S&P 500, which is up 0.2%. Top gainers within the industry include Proto Labs ( PRLB), up 3.3%, Allegheny Technologies ( ATI), up 2.6%, Lincoln Electric Holdings ( LECO), up 1.3% and Xylem ( XYL), up 1.2%.

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

3. Royal Philips ( PHG) is one of the companies pushing the Industrial industry lower today. As of noon trading, Royal Philips is down $0.28 (-0.9%) to $31.13 on heavy volume. Thus far, 1.8 million shares of Royal Philips exchanged hands as compared to its average daily volume of 509,400 shares. The stock has ranged in price between $31.07-$31.24 after having opened the day at $31.17 as compared to the previous trading day's close of $31.41.

Koninklijke Philips N.V. is engaged in healthcare, consumer lifestyle, and lighting businesses worldwide. Royal Philips has a market cap of $29.4 billion and is part of the consumer goods sector. Shares are down 15.0% year-to-date as of the close of trading on Thursday. Currently there is 1 analyst that rates Royal Philips a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Royal Philips as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. Get the full Royal Philips 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, Manitowoc ( MTW) is down $0.40 (-1.4%) to $27.56 on average volume. Thus far, 1.1 million shares of Manitowoc exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $27.44-$27.97 after having opened the day at $27.97 as compared to the previous trading day's close of $27.96.

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. Shares are up 19.9% year-to-date as of the close of trading on Thursday. 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. Among the primary strengths of the company is its solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Manitowoc 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, Mohawk Industries ( MHK) is down $0.89 (-0.7%) to $131.62 on average volume. Thus far, 449,893 shares of Mohawk Industries exchanged hands as compared to its average daily volume of 883,100 shares. The stock has ranged in price between $130.47-$132.90 after having opened the day at $132.52 as compared to the previous trading day's close of $132.51.

Mohawk Industries, Inc., together with its subsidiaries, designs, manufactures, sources, distributes, and markets floor covering products for residential and commercial applications in both remodeling and new construction worldwide. Mohawk Industries has a market cap of $9.8 billion and is part of the consumer goods sector. Shares are down 11.0% year-to-date as of the close of trading on Thursday. Currently there are 7 analysts that rate Mohawk Industries a buy, no analysts rate it a sell, and 1 rates 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 weak operating cash flow. Get the full Mohawk 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.

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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