Today's Top Performers In Industrial Goods

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 3 points (0.0%) at 15,304 as of Thursday, May 23, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 979 issues advancing vs. 1,985 declining with 110 unchanged.

The Industrial Goods sector currently is unchanged today versus the S&P 500, which is down 0.37. Top gainers within the sector include Fastenal Company ( FAST), up 1.7%, and Siemens ( SI), up 0.6%. On the negative front, top decliners within the sector include Kubota Corporation ( KUB), down 6.90, Nidec Corporation ( NJ), down 2.98, Emerson Electric ( EMR), down 1.42, ABB ( ABB), down 0.95 and Danaher Corporation ( DHR), down 0.70.

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

3. Dover Corporation ( DOV) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Dover Corporation is up $3.17 (4.15) to $79.58 on heavy volume Thus far, 2.2 million shares of Dover Corporation exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $78.50-$80.36 after having opened the day at $78.76 as compared to the previous trading day's close of $76.41.

Dover Corporation manufactures and sells a range of specialized products and components, and provides related consumables and services. The company operates in four segments: Communication Technologies, Energy, Engineered Systems, and Printing and Identification. Dover Corporation has a market cap of $13.3 billion and is part of the industrial industry. The company has a P/E ratio of 16.7, below the S&P 500 P/E ratio of 17.7. Shares are up 16.3% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Dover Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Dover Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Dover Corporation Ratings Report now.

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2. As of noon trading, Raytheon Company ( RTN) is up $0.64 (0.97) to $66.88 on light volume Thus far, 689,723 shares of Raytheon Company exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $65.72-$66.99 after having opened the day at $65.80 as compared to the previous trading day's close of $66.24.

Raytheon Company designs, develops, manufactures, integrates, and supports technological products, services, and solutions for governmental and commercial customers in the United States and internationally. Raytheon Company has a market cap of $21.7 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 11.5, below the S&P 500 P/E ratio of 17.7. Shares are up 15.1% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Raytheon Company a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates Raytheon Company 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 shows low profit margins. Get the full Raytheon Company Ratings Report now.

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1. As of noon trading, Boeing ( BA) is up $2.02 (2.06) to $99.95 on heavy volume Thus far, 3.9 million shares of Boeing exchanged hands as compared to its average daily volume of 5.0 million shares. The stock has ranged in price between $97.06-$99.99 after having opened the day at $97.18 as compared to the previous trading day's close of $97.93.

The Boeing Company, together with its subsidiaries, engages in the design, development, manufacture, sale, and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. Boeing has a market cap of $74.9 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 18.5, above the S&P 500 P/E ratio of 17.7. Shares are up 31.0% year to date as of the close of trading on Wednesday. Currently there are 17 analysts that rate Boeing a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Boeing as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Boeing 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 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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