4 Stocks Moving The Industrial Goods Sector Upward

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 lower today with the Dow Jones Industrial Average ( ^DJI) trading down 23 points (-0.2%) at 15,060 as of Friday, May 10, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 1,550 issues advancing vs. 1,371 declining with 121 unchanged.

The Industrial Goods sector currently sits up 0.2% versus the S&P 500, which is unchanged. Top gainers within the sector include Royal Philips Electronics ( PHG), up 2.8%, Fastenal Company ( FAST), up 2.1% and Cemex S.A.B. de C.V ( CX), up 1.9%. On the negative front, top decliners within the sector include Nidec Corporation ( NJ), down 2.94, and ABB ( ABB), down 1.72.

TheStreet Ratings group would like to highlight 4 stocks pushing the sector higher today:

4. Kubota Corporation ( KUB) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Kubota Corporation is up $1.73 (2.41) to $73.63 on light volume Thus far, 19,509 shares of Kubota Corporation exchanged hands as compared to its average daily volume of 107,800 shares. The stock has ranged in price between $72.32-$73.68 after having opened the day at $72.46 as compared to the previous trading day's close of $71.90.

Kubota Corporation, together with its subsidiaries, manufactures and sells machinery, and other industrial and consumer products. Kubota Corporation has a market cap of $18.4 billion and is part of the industrial industry. The company has a P/E ratio of 38.2, above the S&P 500 P/E ratio of 17.7. Shares are up 24.8% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates Kubota Corporation a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Kubota Corporation as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Kubota Corporation Ratings Report now.

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3. As of noon trading, Middleby Corporation ( MIDD) is up $8.02 (5.28) to $159.80 on heavy volume Thus far, 114,604 shares of Middleby Corporation exchanged hands as compared to its average daily volume of 89,100 shares. The stock has ranged in price between $152.06-$159.89 after having opened the day at $152.57 as compared to the previous trading day's close of $151.78.

The Middleby Corporation designs, manufactures, markets, distributes, and services commercial foodservice and food processing equipment in the United States, Canada, Asia, Europe, the Middle East, and Latin America. Middleby Corporation has a market cap of $2.8 billion and is part of the industrial industry. The company has a P/E ratio of 22.6, above the S&P 500 P/E ratio of 17.7. Shares are up 14.4% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate Middleby Corporation a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Middleby Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, increase in net income, 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 is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Middleby Corporation Ratings Report now.

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2. As of noon trading, Parker Hannifin Corporation ( PH) is up $0.89 (0.96) to $93.84 on light volume Thus far, 435,233 shares of Parker Hannifin Corporation exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $93.12-$94.45 after having opened the day at $93.15 as compared to the previous trading day's close of $92.95.

Parker Hannifin Corporation manufactures fluid power systems, electromechanical controls, and related components worldwide. Parker Hannifin Corporation has a market cap of $13.9 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 9.3% year to date as of the close of trading on Thursday. Currently there are 6 analysts that rate Parker Hannifin Corporation a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Parker Hannifin Corporation as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels 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 Parker Hannifin Corporation Ratings Report now.

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1. As of noon trading, Precision Castparts ( PCP) is up $3.24 (1.57) to $209.92 on heavy volume Thus far, 646,047 shares of Precision Castparts exchanged hands as compared to its average daily volume of 599,800 shares. The stock has ranged in price between $206.26-$211.00 after having opened the day at $206.71 as compared to the previous trading day's close of $206.68.

Precision Castparts Corp. manufactures and sells metal components and products worldwide. Precision Castparts has a market cap of $28.1 billion and is part of the industrial industry. The company has a P/E ratio of 20.7, above the S&P 500 P/E ratio of 17.7. Shares are up 9.1% year to date as of the close of trading on Thursday. Currently there are 15 analysts that rate Precision Castparts a buy, no analysts rate it a sell, and 3 rate it a hold.

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.

If you are interested in one of these 4 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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