5 Industrial Goods Stocks Driving 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

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 4 points (0.0%) at 14,823 as of Tuesday, April 30, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,672 issues advancing vs. 1,218 declining with 158 unchanged.

The Industrial Goods sector currently is unchanged today versus the S&P 500, which is unchanged. Top gainers within the sector include Chart Industries ( GTLS), up 8.3%, Embraer S.A ( ERJ), up 5.6%, AGCO ( AGCO), up 4.6%, Danaher Corporation ( DHR), up 1.5% and Republic Services ( RSG), up 1.6%. On the negative front, top decliners within the sector include CNH Global ( CNH), down 7.60, Cummins ( CMI), down 5.86, PulteGroup ( PHM), down 2.55, DR Horton ( DHI), down 2.38 and Ingersoll-Rand ( IR), down 1.40.

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

5. Stratasys ( SSYS) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Stratasys is up $3.70 (4.68) to $82.70 on average volume Thus far, 422,837 shares of Stratasys exchanged hands as compared to its average daily volume of 816,300 shares. The stock has ranged in price between $78.32-$82.80 after having opened the day at $79.47 as compared to the previous trading day's close of $79.00.

Stratasys Ltd. provides additive manufacturing (AM) solutions for the creation of parts used in the processes of designing and manufacturing products and for the direct manufacture of end parts. Stratasys has a market cap of $2.9 billion and is part of the computer hardware industry. The company has a P/E ratio of 212.8, above the S&P 500 P/E ratio of 17.7. Shares are down 4.4% year to date as of the close of trading on Monday.

TheStreet Ratings rates Stratasys as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full Stratasys Ratings Report now.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

4. As of noon trading, Precision Castparts ( PCP) is up $2.25 (1.20) to $189.66 on average volume Thus far, 413,650 shares of Precision Castparts exchanged hands as compared to its average daily volume of 605,400 shares. The stock has ranged in price between $187.11-$190.00 after having opened the day at $187.29 as compared to the previous trading day's close of $187.41.

Precision Castparts Corp. manufactures and sells metal components and products worldwide. Precision Castparts has a market cap of $27.5 billion and is part of the industrial industry. The company has a P/E ratio of 20.3, 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.

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

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

3. As of noon trading, Northrop Grumman ( NOC) is up $0.52 (0.70) to $75.48 on average volume Thus far, 903,270 shares of Northrop Grumman exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $74.84-$75.58 after having opened the day at $74.85 as compared to the previous trading day's close of $74.96.

Northrop Grumman Corporation provides systems, products, and solutions in aerospace, electronics, information systems, and technical service areas to government and commercial customers worldwide. Northrop Grumman has a market cap of $17.5 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 9.5, below the S&P 500 P/E ratio of 17.7. Shares are up 9.9% year to date as of the close of trading on Monday.

TheStreet Ratings rates Northrop Grumman as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations 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 Northrop Grumman Ratings Report now.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

2. As of noon trading, 3D Systems Corporation ( DDD) is up $2.90 (8.11) to $38.67 on heavy volume Thus far, 6.3 million shares of 3D Systems Corporation exchanged hands as compared to its average daily volume of 4.8 million shares. The stock has ranged in price between $34.35-$38.80 after having opened the day at $35.86 as compared to the previous trading day's close of $35.77.

3D Systems Corporation, through its subsidiaries, develops, manufactures and markets 3D printers, print materials, on-demand custom parts services, and 3D authoring solutions for professionals and consumers. 3D Systems Corporation has a market cap of $3.3 billion and is part of the industrial industry. The company has a P/E ratio of 74.7, above the S&P 500 P/E ratio of 17.7. Shares are down 2.8% year to date as of the close of trading on Monday.

TheStreet Ratings rates 3D Systems Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income 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 3D Systems Corporation Ratings Report now.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

1. As of noon trading, Eaton Corporation ( ETN) is up $0.82 (1.36) to $61.10 on average volume Thus far, 2.3 million shares of Eaton Corporation exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $59.89-$61.72 after having opened the day at $60.43 as compared to the previous trading day's close of $60.28.

Eaton Corporation plc operates as a diversified power management company worldwide. The company operates through Electrical Americas, Electrical Rest of World, Cooper, Hydraulics, Aerospace, Truck, and Automotive segments. Eaton Corporation has a market cap of $27.7 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 8.3% year to date as of the close of trading on Monday.

TheStreet Ratings rates Eaton Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, solid stock price performance 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 Eaton Corporation Ratings Report now.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

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.
null

If you liked this article you might like

3D Systems Could Plunge Even More

3D Systems Could Plunge Even More

These Stocks Are Changing Course

These Stocks Are Changing Course

Analysts' Actions -- Citizens Financial, Expedia, First Solar, Jack in the Box and More

Analysts' Actions -- Citizens Financial, Expedia, First Solar, Jack in the Box and More

Stratasys Stock Drops Premarket Despite 4Q Beat

Stratasys Stock Drops Premarket Despite 4Q Beat

Treehouse Foods, Arconic, Kinder Morgan, Chesapeake Energy: 'Mad Money' Lightning Round

Treehouse Foods, Arconic, Kinder Morgan, Chesapeake Energy: 'Mad Money' Lightning Round