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3 Industrial Stocks Nudging The Industry 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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 4 points (0.0%) at 16,511 as of Wednesday, April 23, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,718 issues advancing vs. 1,280 declining with 133 unchanged.

The Industrial industry currently sits down 0.2% versus the S&P 500, which is down 0.1%. Top gainers within the industry include Woodward ( WWD), up 9.2%, Nidec ( NJ), up 1.6%, Pentair ( PNR), up 1.2% and Emerson Electric ( EMR), up 0.6%. A company within the industry that fell today was Royal Philips ( PHG), up 1.2%.

TheStreet would like to highlight 3 stocks pushing the industry higher today:

3. Illinois Tool Works ( ITW) is one of the companies pushing the Industrial industry higher today. As of noon trading, Illinois Tool Works is up $0.44 (0.5%) to $85.55 on light volume. Thus far, 936,856 shares of Illinois Tool Works exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $85.24-$85.87 after having opened the day at $85.39 as compared to the previous trading day's close of $85.11.

Illinois Tool Works Inc. produces and sells engineered fasteners and components, equipment and consumable systems, and specialty products. Illinois Tool Works has a market cap of $35.5 billion and is part of the industrial goods sector. Shares are up 1.2% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts who rate Illinois Tool Works a buy, 2 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Illinois Tool Works 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, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Illinois Tool Works 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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