5 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

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 15 points (0.1%) at 12,980 as of Tuesday, Dec. 4, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,319 issues advancing vs. 1,553 declining with 162 unchanged.

The Industrial Goods sector currently sits down 0.1% versus the S&P 500, which is down 0.1%. Top gainers within the sector include Foster Wheeler ( FWLT), up 2.3%, ABB ( ABB), up 1.2%, Vulcan Materials Company ( VMC), up 0.8%, Kubota Corporation ( KUB), up 0.9% and CNH Global ( CNH), up 0.8%. On the negative front, top decliners within the sector include DR Horton ( DHI), down 1.5%, Masco Corporation ( MAS), down 1.0% and Fastenal Company ( FAST), down 0.7%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today:

5. Flowserve Corporation ( FLS) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Flowserve Corporation is up $1.04 (0.8%) to $139.64 on light volume Thus far, 182,834 shares of Flowserve Corporation exchanged hands as compared to its average daily volume of 501,200 shares. The stock has ranged in price between $139.08-$141.29 after having opened the day at $139.73 as compared to the previous trading day's close of $138.60.

Flowserve Corporation engages in the design, manufacture, distribution, and service of industrial flow management equipment. The company operates in three segments: FSG Engineered Product, FSG Industrial Product, and Flow Control. Flowserve Corporation has a market cap of $6.9 billion and is part of the industrial industry. The company has a P/E ratio of 17.4, below the S&P 500 P/E ratio of 17.7. Shares are up 39.5% year to date as of the close of trading on Monday. Currently there are 9 analysts that rate Flowserve Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Flowserve Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, notable return on equity and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Flowserve Corporation Ratings Report now.

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