3 Stocks Advancing The Industrial Goods Sector

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 22 points (-0.2%) at 14,429 as of Tuesday, March 19, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,094 issues advancing vs. 1,811 declining with 142 unchanged.

The Industrial Goods sector currently sits down 0.5% versus the S&P 500, which is down 0.4%. A company within the sector that increased today was Koninklijke Philips Electronics ( PHG), up 1.8%. On the negative front, top decliners within the sector include Cemex S.A.B. de C.V ( CX), down 1.7%, AGCO ( AGCO), down 1.8%, Vulcan Materials Company ( VMC), down 1.6%, Caterpillar ( CAT), down 1.5% and Deere ( DE), down 1.4%.

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

3. Siemens ( SI) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Siemens is up $0.68 (0.6%) to $109.11 on heavy volume Thus far, 244,741 shares of Siemens exchanged hands as compared to its average daily volume of 280,000 shares. The stock has ranged in price between $108.48-$110.00 after having opened the day at $109.91 as compared to the previous trading day's close of $108.43.

Siemens Aktiengesellschaft, an electronics and electrical engineering company, operates in the energy, healthcare, industry, and infrastructure and cities sectors worldwide. Siemens has a market cap of $91.8 billion and is part of the industrial industry. The company has a P/E ratio of 32.1, above the S&P 500 P/E ratio of 17.7. Shares are down 1.0% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates Siemens a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Siemens 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, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share 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 Siemens Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

If you liked this article you might like

News Out of Europe: Siemens Shares Hit Record High

Why Vestas Is the Purest Play in Wind Power

What the Pros at Honeywell, Siemens Learned About Pruning Hedges

Don't Expect GE to Buy National Oilwell Varco

Gold Prices Hit 3-Week High as Rate Hike Fears Simmer Down