3 Industrial Stocks Pushing Industry Growth
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.
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 48 points (0.3%) at 18,145 as of Thursday, March 5, 2015, 12:05 PM ET. The NYSE advances/declines ratio sits at 1,642 issues advancing vs. 1,262 declining with 201 unchanged.
The Industrial industry currently sits up 0.5% versus the S&P 500, which is up 0.2%. Top gainers within the industry include
(
), up 14.7%,
(
), up 2.7% and
(
), up 0.6%. A company within the industry that fell today was
(
), up 1.1%.
TheStreet would like to highlight 3 stocks pushing the industry higher today:
3.
(
) is one of the companies pushing the Industrial industry higher today. As of noon trading, Ingersoll-Rand is up $0.66 (1.0%) to $67.66 on average volume. Thus far, 860,913 shares of Ingersoll-Rand exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $67.30-$67.71 after having opened the day at $67.36 as compared to the previous trading day's close of $67.00.
Ingersoll-Rand plc, together with its subsidiaries, designs, manufactures, sells, and services a portfolio of industrial and commercial products. It operates through Climate and Industrial segments. Ingersoll-Rand has a market cap of $17.8 billion and is part of the industrial goods sector. Shares are up 5.7% year-to-date as of the close of trading on Wednesday. Currently there are 6 analysts who rate Ingersoll-Rand a buy, no analysts rate it a sell, and 9 rate it a hold.
TheStreet Ratings rates
Ingersoll-Rand
as a
. 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, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full
now.
2. As of noon trading,
(
) is up $0.70 (0.7%) to $98.90 on light volume. Thus far, 507,072 shares of Illinois Tool Works exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $98.09-$98.91 after having opened the day at $98.14 as compared to the previous trading day's close of $98.20.
Illinois Tool Works Inc. manufactures and sells industrial products and equipment worldwide. It operates through seven segments: Automotive OEM; Test & Measurement and Electronics; Food Equipment; Polymers & Fluids; Welding; Construction Products; and Specialty Products. Illinois Tool Works has a market cap of $37.8 billion and is part of the industrial goods sector. Shares are up 3.7% year-to-date as of the close of trading on Wednesday. Currently there are 9 analysts who rate Illinois Tool Works a buy, 1 analyst rates it a sell, and 6 rate it a hold.
TheStreet Ratings rates
Illinois Tool Works
as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, increase in net income, notable return on equity, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full
Illinois Tool Works Ratings Report
now.
1. As of noon trading,
(
) is up $3.80 (1.8%) to $217.32 on light volume. Thus far, 219,482 shares of Precision Castparts exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $213.33-$217.43 after having opened the day at $213.83 as compared to the previous trading day's close of $213.52.
Precision Castparts Corp. manufactures and sells metal components and products worldwide. It operates in three segments: Investment Cast Products, Forged Products, and Airframe Products. Precision Castparts has a market cap of $30.6 billion and is part of the industrial goods sector. Shares are down 11.4% year-to-date as of the close of trading on Wednesday. Currently there are 11 analysts who rate Precision Castparts a buy, no analysts rate it a sell, and 7 rate it a hold.
TheStreet Ratings rates
Precision Castparts
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full
Precision Castparts Ratings Report
now.
If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the industrial industry could consider
SPDR Dow Jones Industrial Average
(
) while those bearish on the industrial industry could consider
ProShares UltraShort Industrials
(
).
null