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The Industrial Goods sector as a whole closed the day down 1.3% versus the S&P 500, which was down 1.3%. Laggards within the Industrial Goods sector included Servotronics ( SVT), down 4.3%, Tecnoglass ( TGLS), down 2.0%, LightPath Technologies ( LPTH), down 1.7%, American DG Energy ( ADGE), down 10.3% and Micronet Enertec Technologies ( MICT), down 4.6%.

TheStreet Ratings Group would like to highlight 3 stocks that pushed the sector lower today:

Royal Philips ( PHG) is one of the companies that pushed the Industrial Goods sector lower today. Royal Philips was down $0.69 (2.4%) to $28.01 on heavy volume. Throughout the day, 2,058,453 shares of Royal Philips exchanged hands as compared to its average daily volume of 765,400 shares. The stock ranged in price between $27.98-$28.47 after having opened the day at $28.34 as compared to the previous trading day's close of $28.70.

Koninklijke Philips N.V. is engaged in healthcare, consumer lifestyle, and lighting businesses worldwide. Royal Philips has a market cap of $27.9 billion and is part of the consumer durables industry. Shares are down 1.0% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst who rates Royal Philips a buy, no analysts rate it a sell, and 2 rate it a hold.

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TheStreet Ratings rates Royal Philips as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

Highlights from TheStreet Ratings analysis on PHG go as follows:

  • The current debt-to-equity ratio, 0.39, is low and is below the industry average, implying that there has been successful management of debt levels. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.75 is somewhat weak and could be cause for future problems.
  • Net operating cash flow has increased to $465.56 million or 21.18% when compared to the same quarter last year. Despite an increase in cash flow, KONINKLIJKE PHILIPS NV's average is still marginally south of the industry average growth rate of 22.08%.
  • 37.17% is the gross profit margin for KONINKLIJKE PHILIPS NV which we consider to be strong. Despite the high profit margin, it has decreased significantly from the same period last year. Despite the mixed results of the gross profit margin, PHG's net profit margin of -2.90% significantly underperformed when compared to the industry average.
  • PHG, with its decline in revenue, underperformed when compared the industry average of 1.3%. Since the same quarter one year prior, revenues fell by 27.4%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. In comparison to the other companies in the Industrial Conglomerates industry and the overall market, KONINKLIJKE PHILIPS NV's return on equity is significantly below that of the industry average and is below that of the S&P 500.

You can view the full analysis from the report here: Royal Philips Ratings Report

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At the close, LightPath Technologies ( LPTH) was down $0.02 (1.7%) to $1.14 on light volume. Throughout the day, 15,652 shares of LightPath Technologies exchanged hands as compared to its average daily volume of 21,900 shares. The stock ranged in price between $1.10-$1.14 after having opened the day at $1.12 as compared to the previous trading day's close of $1.16.

LightPath Technologies, Inc. designs, develops, manufactures, and distributes optical components and assemblies. LightPath Technologies has a market cap of $16.4 million and is part of the consumer durables industry. Shares are up 27.5% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst who rates LightPath Technologies a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates LightPath Technologies as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity and weak operating cash flow.

Highlights from TheStreet Ratings analysis on LPTH go as follows:

  • LIGHTPATH TECHNOLOGIES INC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. Earnings per share have declined over the last year. We anticipate that this should continue in the coming year. During the past fiscal year, LIGHTPATH TECHNOLOGIES INC swung to a loss, reporting -$0.02 versus $0.02 in the prior year. For the next year, the market is expecting a contraction of 100.0% in earnings (-$0.04 versus -$0.02).
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Electronic Equipment, Instruments & Components industry. The net income has significantly decreased by 623.8% when compared to the same quarter one year ago, falling from -$0.08 million to -$0.58 million.
  • Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Electronic Equipment, Instruments & Components industry and the overall market, LIGHTPATH TECHNOLOGIES INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • Net operating cash flow has significantly decreased to -$0.10 million or 139.84% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • 42.53% is the gross profit margin for LIGHTPATH TECHNOLOGIES INC which we consider to be strong. Despite the high profit margin, it has decreased significantly from the same period last year. Despite the mixed results of the gross profit margin, LPTH's net profit margin of -22.24% significantly underperformed when compared to the industry average.

You can view the full analysis from the report here: LightPath Technologies Ratings Report

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Tecnoglass ( TGLS) was another company that pushed the Industrial Goods sector lower today. Tecnoglass was down $0.20 (2.0%) to $9.92 on light volume. Throughout the day, 1,045 shares of Tecnoglass exchanged hands as compared to its average daily volume of 2,200 shares. The stock ranged in price between $9.92-$10.30 after having opened the day at $10.30 as compared to the previous trading day's close of $10.12.

Tecnoglass has a market cap of $246.0 million and is part of the consumer durables industry. Shares are down 0.3% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst who rates Tecnoglass a buy, no analysts rate it a sell, and none rate it a hold.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.