3 Industrial Stocks Dragging The Industry Down

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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.

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