5 Stocks Pushing The Industrial Goods Sector Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading down 10 points (-0.1%) at 13,082 as of Monday, Nov. 5, 2012, 1:34 PM ET. The NYSE advances/declines ratio sits at 1,351 issues advancing vs. 1,574 declining with 129 unchanged.

The Industrial Goods sector currently sits up 0.6% versus the S&P 500, which is down 0.1%. Top gainers within the sector include Generac Holdings (GNRC), up 7.5%, Rockwell Automation Incorporated (ROK), up 3.3%, Dover Corporation (DOV), up 3.5%, Lennar Corporation (LEN), up 2.6% and PulteGroup (PHM), up 2.7%. On the negative front, top decliners within the sector include Pall Corporation (PLL), down 6.2%, Fastenal Company (FAST), down 1.2%, Cemex S.A.B. de C.V (CX), down 0.7%, Kubota Corporation (KUB), down 1.1% and CNH Global (CNH), down 1.5%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today:

5. Nordson Corporation (NDSN) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Nordson Corporation is up $1.35 (2.2%) to $61.38 on average volume Thus far, 216,257 shares of Nordson Corporation exchanged hands as compared to its average daily volume of 270,000 shares. The stock has ranged in price between $59.52-$61.90 after having opened the day at $59.85 as compared to the previous trading day's close of $60.03.

Nordson Corporation engineers, manufactures, and markets products and systems for precision dispensing, testing and inspection, fluid management, surface treatment, and curing. Nordson Corporation has a market cap of $3.9 billion and is part of the industrial industry. The company has a P/E ratio of 19.0, above the S&P 500 P/E ratio of 17.7. Shares are up 45.8% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate Nordson Corporation a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Nordson Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Nordson Corporation Ratings Report now.

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