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The Industrial Goods sector as a whole closed the day down 1.1% versus the S&P 500, which was down 0.4%. Laggards within the Industrial Goods sector included Euro Tech Holdings ( CLWT), down 5.8%, Intelligent Systems ( INS), down 4.8%, India Globalization Capital ( IGC), down 6.7%, Micronet Enertec Technologies ( MICT), down 4.1% and LightPath Technologies ( LPTH), down 2.4%.

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 $0.76 (2.6%) to $28.20 on heavy volume. Throughout the day, 1,368,006 shares of Royal Philips exchanged hands as compared to its average daily volume of 860,400 shares. The stock ranged in price between $28.16-$28.46 after having opened the day at $28.27 as compared to the previous trading day's close of $28.96.

Koninklijke Philips N.V. is engaged in healthcare, consumer lifestyle, and lighting businesses worldwide. Royal Philips has a market cap of $25.9 billion and is part of the consumer durables industry. Shares are down 0.1% 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 1 rates it a hold.

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TheStreet Ratings rates Royal Philips as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.

Highlights from TheStreet Ratings analysis on PHG go as follows:

  • The current debt-to-equity ratio, 0.38, 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 0.74 is somewhat weak and could be cause for future problems.
  • 44.83% is the gross profit margin for KONINKLIJKE PHILIPS NV which we consider to be strong. Regardless of PHG's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, PHG's net profit margin of 2.15% is significantly lower than the industry average.
  • 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 Industrial Conglomerates industry. The net income has significantly decreased by 73.6% when compared to the same quarter one year ago, falling from $582.11 million to $153.66 million.
  • The share price of KONINKLIJKE PHILIPS NV has not done very well: it is down 18.50% and has underperformed the S&P 500, in part reflecting the company's sharply declining earnings per share when compared to the year-earlier quarter. Looking ahead, we do not see anything in this company's numbers that would change the one-year trend. It was down over the last twelve months; and it could be down again in the next twelve. Naturally, a bull or bear market could sway the movement of this stock.

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 $0.03 (2.4%) to $1.20 on light volume. Throughout the day, 2,435 shares of LightPath Technologies exchanged hands as compared to its average daily volume of 22,900 shares. The stock ranged in price between $1.15-$1.22 after having opened the day at $1.15 as compared to the previous trading day's close of $1.23.

LightPath Technologies, Inc. designs, develops, manufactures, and distributes optical components and assemblies. LightPath Technologies has a market cap of $17.7 million and is part of the consumer durables industry. Shares are up 35.2% 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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India Globalization Capital ( IGC) was another company that pushed the Industrial Goods sector lower today. India Globalization Capital was down $0.04 (6.7%) to $0.56 on light volume. Throughout the day, 14,944 shares of India Globalization Capital exchanged hands as compared to its average daily volume of 39,800 shares. The stock ranged in price between $0.56-$0.60 after having opened the day at $0.60 as compared to the previous trading day's close of $0.60.

India Globalization Capital has a market cap of $8.3 million and is part of the consumer durables industry. Shares are down 10.8% year-to-date as of the close of trading on Tuesday. Currently there are no analysts who rate India Globalization Capital a buy, no analysts rate it a sell, and 1 rates 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.