3 Stocks Pushing The Industrial Industry Higher

TheStreet Ratings group would like to highlight 3 stocks pushing the industrial industry higher today, Nov. 15, 2012.

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 61 points (-0.5%) at 12,509 as of Thursday, Nov. 15, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 887 issues advancing vs. 2,072 declining with 104 unchanged.

The Industrial industry currently sits down 0.5% versus the S&P 500, which is down 0.3%. Top gainers within the industry include Makita ( MKTAY), up 4.2%, Kubota Corporation ( KUB), up 1.9% and Deere ( DE), up 0.8%. On the negative front, top decliners within the industry include OSI Systems ( OSIS), down 21.1%, and Mohawk Industries ( MHK), down 2.3%.

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

3. CNH Global ( CNH) is one of the companies pushing the Industrial industry higher today. As of noon trading, CNH Global is up $0.30 (0.7%) to $43.32 on light volume Thus far, 97,611 shares of CNH Global exchanged hands as compared to its average daily volume of 299,200 shares. The stock has ranged in price between $42.79-$43.78 after having opened the day at $42.79 as compared to the previous trading day's close of $43.02.

CNH Global N.V. manufactures, markets, and distributes a line of agricultural and construction equipment and parts worldwide. It operates in three segments: Agricultural Equipment, Construction Equipment, and Financial Services. CNH Global has a market cap of $10.6 billion and is part of the industrial goods sector. The company has a P/E ratio of 9.3, below the S&P 500 P/E ratio of 17.7. Shares are up 22.2% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate CNH Global a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates CNH Global as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full CNH Global Ratings Report now.

2. As of noon trading, Rockwell Automation Incorporated ( ROK) is up $0.79 (1.0%) to $76.73 on average volume Thus far, 602,923 shares of Rockwell Automation Incorporated exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $75.98-$77.33 after having opened the day at $77.01 as compared to the previous trading day's close of $75.94.

Rockwell Automation, Inc. provides industrial automation power, control, and information solutions. It operates in two segments, Architecture and Software, and Control Products and Solutions. Rockwell Automation Incorporated has a market cap of $11.0 billion and is part of the industrial goods sector. The company has a P/E ratio of 15.2, below the S&P 500 P/E ratio of 17.7. Shares are up 6.6% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Rockwell Automation Incorporated a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Rockwell Automation Incorporated as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Rockwell Automation Incorporated Ratings Report now.

1. As of noon trading, Parker Hannifin Corporation ( PH) is up $1.49 (1.9%) to $79.02 on average volume Thus far, 816,310 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 $77.50-$79.50 after having opened the day at $77.76 as compared to the previous trading day's close of $77.53.

Parker Hannifin Corporation manufactures fluid power systems, electromechanical controls, and related components worldwide. Parker Hannifin Corporation has a market cap of $11.7 billion and is part of the industrial goods sector. The company has a P/E ratio of 11.0, below the S&P 500 P/E ratio of 17.7. Shares are up 1.7% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Parker Hannifin Corporation a buy, 1 analyst rates it a sell, and 4 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 and attractive valuation levels. 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.

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 ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).

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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