10. Sandvik ( SDVKY)

Company profile: Sandvik, with a market value of $17 billion, is an international producer of highly engineered tools and products for the global industrial market. It has five business areas: mining, machining tools, materials technology, construction, and venture.

Dividend Yield: 2.34%

Investor takeaway: Its shares are up 12.3% this year and have a three-year, average annual return of 27%. The Sweden-based company doesn't get U.S. analyst coverage.

9. Dover ( DOV)

Company profile: Dover, with a market value of $11 billion, is an industrial conglomerate consisting of nearly 40 separate businesses. It has four segments: industrial products, engineered systems, fluid management, and electronic technologies.

Dividend Yield: 2.06%

Investor takeaway: Its shares are up 5.7% this year and have a three-year, average annual return of 26%. Analysts give its shares four "buy" ratings, four "buy/holds," four "holds," one "weak hold," and one "sell," according to a survey of analysts by S&P. Analysts expect it to earn $4.90 per share in its current fiscal year and that that will grow by 12% to $5.47 per share next year. S&P has it rated "buy" with a $72 price target, which is an 18% premium to its current price.

8. Kennametal ( KMT)

Company profile: Kennametal, with a market value of $3.6 billion, produces metal-cutting tools and tooling systems used in the heavy equipment, aerospace, and automotive industries.

Dividend Yield: 1.28%

Investor takeaway: Its shares are up 22% this year and have a three-year, average annual return of 30%. Analysts give its shares six "buy" ratings, three "buy/holds," five "holds," and one "weak hold," according to a survey of analysts by S&P.

7. Parker Hannifin ( PH)

Company profile: Parker Hannifin, with a market value of $12 billion, is a diversified manufacturer of motion and control components and systems operating in several segments: industrials, aerospace, and climate and controls. Its products are used in everything from jet engines to autos, trucks and utility turbines.

Dividend Yield: 1.89%

Investor takeaway: Its shares are up 9% this year and have a three-year, average annual return of 29%. Analysts give its shares six "buy" ratings, four "buy/holds," and eight "holds," according to a survey of analysts by S&P. S&P has it rated "buy" with a $100 price target, a 25% premium to the current price.

6. Illinois Tool Works ( ITW)

Company profile: Illinois Tool, with a market value of $27 billion, is a diversified manufacturer with four business segments: industrial packaging, power systems and electronics, transportation, and construction products.

Dividend Yield: 2.58%

Investor takeaway: Its shares are up 20.5% this year and have a three-year, average annual return of 23%. Analysts give its shares seven "buy" ratings, one "buy/hold," 12 "holds," and one "weak hold," according to a survey of analysts by S&P. Its earnings outlook is excellent as analysts expect it will earn $4.14 per share this year and $4.58 in 2013, an 11% increase. Northern Trust Investments owns 9.8% of its shares, about double that of the next largest shareholder.

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