4 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

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 27 points (-0.2%) at 12,904 as of Thursday, Nov. 8, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,218 issues advancing vs. 1,656 declining with 135 unchanged.

The Industrial Goods sector currently sits down 0.6% versus the S&P 500, which is down 0.2%. A company within the sector that increased today was Nidec Corporation ( NJ), up 1.1%. On the negative front, top decliners within the sector include PulteGroup ( PHM), down 2.6%, DR Horton ( DHI), down 2.4%, General Dynamics ( GD), down 2.4%, Lennar Corporation ( LEN), down 1.7% and Fluor Corporation ( FLR), down 1.7%.

TheStreet Ratings group would like to highlight 4 stocks pushing the sector higher today:

4. Belden ( BDC) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Belden is up $1.86 (5.2%) to $37.38 on average volume Thus far, 87,592 shares of Belden exchanged hands as compared to its average daily volume of 205,500 shares. The stock has ranged in price between $36.60-$37.59 after having opened the day at $36.98 as compared to the previous trading day's close of $35.52.

Belden Inc. engages in the design, manufacture, and marketing of cable, connectivity, and networking products for the industrial, enterprise, broadcast, and consumer electronics markets. Its products provide the transmission of signals for data, sound, and video applications. Belden has a market cap of $1.7 billion and is part of the industrial industry. The company has a P/E ratio of 14.1, below the S&P 500 P/E ratio of 17.7. Shares are up 12.0% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Belden a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Belden as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, increase in net income, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Belden Ratings Report now.

3. As of noon trading, Parker Hannifin Corporation ( PH) is up $1.50 (1.9%) to $78.95 on heavy volume Thus far, 1.2 million shares of Parker Hannifin Corporation exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $78.42-$79.81 after having opened the day at $78.72 as compared to the previous trading day's close of $77.45.

Parker Hannifin Corporation manufactures fluid power systems, electromechanical controls, and related components worldwide. Parker Hannifin Corporation has a market cap of $12.0 billion and is part of the industrial industry. The company has a P/E ratio of 11.3, below the S&P 500 P/E ratio of 17.7. Shares are up 1.6% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Parker Hannifin Corporation a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Parker Hannifin Corporation as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Parker Hannifin Corporation Ratings Report now.

2. As of noon trading, Ingersoll-Rand ( IR) is up $0.27 (0.6%) to $47.11 on light volume Thus far, 609,183 shares of Ingersoll-Rand exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $46.77-$47.39 after having opened the day at $46.79 as compared to the previous trading day's close of $46.84.

Ingersoll-Rand Public Limited Company engages in the design, manufacture, sale, and service of a diverse portfolio of industrial and commercial products in the United States and internationally. Ingersoll-Rand has a market cap of $14.4 billion and is part of the industrial industry. The company has a P/E ratio of 14.7, below the S&P 500 P/E ratio of 17.7. Shares are up 57.3% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Ingersoll-Rand a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates Ingersoll-Rand as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Ingersoll-Rand Ratings Report now.

1. As of noon trading, Boeing ( BA) is up $0.92 (1.3%) to $71.03 on average volume Thus far, 2.6 million shares of Boeing exchanged hands as compared to its average daily volume of 4.5 million shares. The stock has ranged in price between $70.09-$71.14 after having opened the day at $70.13 as compared to the previous trading day's close of $70.11.

The Boeing Company, together with its subsidiaries, engages in the design, development, manufacture, sale, and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. Boeing has a market cap of $54.3 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 12.7, below the S&P 500 P/E ratio of 17.7. Shares are down 4.4% year to date as of the close of trading on Wednesday. Currently there are 20 analysts that rate Boeing a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Boeing as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Boeing Ratings Report now.

If you are interested in one of these 4 stocks, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR ( XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 ( DOG).

A reminder about TheStreet Ratings group: 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.

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