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

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 28 points (-0.2%) at 13,217 as of Thursday, Dec. 13, 2012, 12:05 PM ET. The NYSE advances/declines ratio sits at 1,125 issues advancing vs. 1,742 declining with 157 unchanged.

The Industrial Goods sector currently is unchanged today versus the S&P 500, which is down 0.3%. Top gainers within the sector include Heico Corporation ( HEI.A), up 8.1%, and PulteGroup ( PHM), up 1.5%. On the negative front, top decliners within the sector include Embraer S.A ( ERJ), down 1.9%, Nidec Corporation ( NJ), down 1.1%, Kubota Corporation ( KUB), down 0.8%, Weyerhaeuser ( WY), down 0.7% and Raytheon Company ( RTN), down 0.6%.

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

5. Dresser-Rand Group ( DRC) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Dresser-Rand Group is up $1.27 (2.4%) to $54.70 on average volume Thus far, 254,512 shares of Dresser-Rand Group exchanged hands as compared to its average daily volume of 568,500 shares. The stock has ranged in price between $53.71-$55.20 after having opened the day at $54.41 as compared to the previous trading day's close of $53.43.

Dresser-Rand Group Inc., together with its subsidiaries, engages in the design, manufacture, sale, and servicing of custom-engineered rotating equipment solutions to the oil, gas, chemical, petrochemical, process, power, military, and other industries worldwide. Dresser-Rand Group has a market cap of $4.1 billion and is part of the industrial industry. The company has a P/E ratio of 24.8, above the S&P 500 P/E ratio of 17.7. Shares are up 7.9% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Dresser-Rand Group a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Dresser-Rand Group as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Dresser-Rand Group Ratings Report now.

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4. As of noon trading, ABB ( ABB) is up $0.14 (0.7%) to $20.23 on light volume Thus far, 574,196 shares of ABB exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $20.15-$20.28 after having opened the day at $20.17 as compared to the previous trading day's close of $20.09.

ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $45.9 billion and is part of the industrial industry. The company has a P/E ratio of 14.5, below the S&P 500 P/E ratio of 17.7. Shares are up 6.4% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate ABB a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates ABB as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full ABB Ratings Report now.

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3. As of noon trading, Ingersoll-Rand ( IR) is up $0.33 (0.7%) to $48.02 on light volume Thus far, 639,193 shares of Ingersoll-Rand exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $47.62-$48.21 after having opened the day at $47.62 as compared to the previous trading day's close of $47.69.

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 $14.3 billion and is part of the industrial industry. The company has a P/E ratio of 14.6, below the S&P 500 P/E ratio of 17.7. Shares are up 56.4% 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 8 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.

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2. As of noon trading, Honeywell International ( HON) is up $0.46 (0.8%) to $61.56 on light volume Thus far, 1.0 million shares of Honeywell International exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $61.01-$61.70 after having opened the day at $61.16 as compared to the previous trading day's close of $61.10.

Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. Honeywell International has a market cap of $48.3 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 20.6, above the S&P 500 P/E ratio of 17.7. Shares are up 13.4% year to date as of the close of trading on Wednesday. Currently there are 16 analysts that rate Honeywell International a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Honeywell International as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Honeywell International Ratings Report now.

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1. As of noon trading, Danaher Corporation ( DHR) is up $0.29 (0.5%) to $54.96 on average volume Thus far, 1.6 million shares of Danaher Corporation exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $54.33-$55.10 after having opened the day at $54.58 as compared to the previous trading day's close of $54.67.

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services primarily in North America, Europe, and Asia/Australia. Danaher Corporation has a market cap of $37.1 billion and is part of the industrial industry. The company has a P/E ratio of 17.0, below the S&P 500 P/E ratio of 17.7. Shares are up 13.8% year to date as of the close of trading on Wednesday. Currently there are 14 analysts that rate Danaher Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Danaher Corporation as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and increase in stock price during the past year. 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 Danaher Corporation Ratings Report now.

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If you are interested in one of these 5 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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