3 Industrial Goods Stocks Pushing The Sector Higher
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.Two out of the three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading down 14 points (-0.1%) at 16,140 as of Tuesday, Feb. 18, 2014, 12:00 PM ET. The NYSE advances/declines ratio sits at 2,063 issues advancing vs. 873 declining with 164 unchanged.The Industrial Goods sector currently sits up 0.5% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Heico Corporation (HEI.A), up 7.0%, 3D Systems Corporation (DDD), up 6.3%, Stratasys (SSYS), up 4.4%, Nidec Corporation (NJ), up 2.8% and Illinois Tool Works (ITW), up 1.3%. On the negative front, top decliners within the sector include Dresser-Rand Group (DRC), down 7.8%, Tenaris (TS), down 0.8%, Emerson Electric (EMR), down 0.8%, Deere (DE), down 0.8% and ABB (ABB), down 0.8%.TheStreet would like to highlight 3 stocks pushing the sector higher today:3. Dover Corporation (DOV) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Dover Corporation is up $0.91 (1.1%) to $86.97 on average volume. Thus far, 567,526 shares of Dover Corporation exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $85.99-$87.04 after having opened the day at $86.21 as compared to the previous trading day's close of $86.06. Dover Corporation manufactures and sells a range of specialized products and components, and provides related consumables and services. The company operates in four segments: Communication Technologies, Energy, Engineered Systems, and Printing and Identification. Dover Corporation has a market cap of $14.7 billion and is part of the industrial industry. Shares are down 10.9% year-to-date as of the close of trading on Friday. Currently there are 11 analysts who rate Dover Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.TheStreet Ratings rates Dover Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, increase in stock price during the past year and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Dover Corporation Ratings Report now.3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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