3 Industrial Goods Stocks Nudging The 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 52 points (-0.4%) at 14,567 as of Thursday, April 18, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,288 issues advancing vs. 1,600 declining with 135 unchanged.

The Industrial Goods sector currently sits down 0.32 versus the S&P 500, which is down 0.48. A company within the sector that increased today was Sherwin-Williams Company ( SHW), up 2.16. On the negative front, top decliners within the sector include James Hardie Industries ( JHX), down 3.88, PulteGroup ( PHM), down 3.56, Lennar Corporation ( LEN), down 3.08, Vulcan Materials Company ( VMC), down 2.87 and DR Horton ( DHI), down 2.98.

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

3. CNH Global ( CNH) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, CNH Global is up $0.54 (1.38) to $39.61 on average volume Thus far, 246,151 shares of CNH Global exchanged hands as compared to its average daily volume of 498,300 shares. The stock has ranged in price between $38.89-$39.61 after having opened the day at $39.28 as compared to the previous trading day's close of $39.07.

CNH Global N.V. manufactures, markets, and distributes a line of agricultural and construction equipment and parts worldwide. The company operates in three segments: Agricultural Equipment, Construction Equipment, and Financial Services. CNH Global has a market cap of $9.8 billion and is part of the industrial industry. The company has a P/E ratio of 8.6, below the S&P 500 P/E ratio of 17.7. Shares are down 3.0% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates CNH Global as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations, increase in net income and notable return on equity. 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.

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2. As of noon trading, Roper Industries ( ROP) is up $2.51 (2.08) to $123.05 on heavy volume Thus far, 675,000 shares of Roper Industries exchanged hands as compared to its average daily volume of 391,600 shares. The stock has ranged in price between $121.17-$123.35 after having opened the day at $121.17 as compared to the previous trading day's close of $120.54.

Roper Industries, Inc. designs, manufactures, and distributes radio frequency (RF) products and services, industrial technology products, energy systems and controls, and medical and scientific imaging products and software. Roper Industries has a market cap of $12.0 billion and is part of the industrial industry. The company has a P/E ratio of 25.0, above the S&P 500 P/E ratio of 17.7. Shares are up 8.1% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Roper Industries as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Roper Industries Ratings Report now.

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1. As of noon trading, Textron ( TXT) is up $0.46 (1.81) to $25.87 on heavy volume Thus far, 3.1 million shares of Textron exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $25.60-$26.30 after having opened the day at $26.06 as compared to the previous trading day's close of $25.41.

Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates in five segments: Cessna, Bell, Textron Systems, Industrial, and Finance. Textron has a market cap of $8.0 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 14.9, below the S&P 500 P/E ratio of 17.7. Shares are up 2.5% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Textron as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Textron Ratings Report now.

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If you are interested in one of these 3 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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