DHR, CMI, DE, UTX And BA, Pushing Industrial Goods Sector Downward

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 62 points (-0.4%) at 15,060 as of Wednesday, June 12, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 760 issues advancing vs. 2,254 declining with 88 unchanged.

The Industrial Goods sector currently sits down 0.32 versus the S&P 500, which is down 0.61. On the negative front, top decliners within the sector include Cemex S.A.B. de C.V ( CX), down 2.34, CNH Global ( CNH), down 2.15, Fluor Corporation ( FLR), down 1.53, Sherwin-Williams Company ( SHW), down 1.71 and Rayonier ( RYN), down 1.51.

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

5. Danaher Corporation ( DHR) is one of the companies pushing the Industrial Goods sector lower today. As of noon trading, Danaher Corporation is down $0.55 (-0.9%) to $61.66 on average volume Thus far, 1.2 million shares of Danaher Corporation exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $61.61-$62.43 after having opened the day at $62.43 as compared to the previous trading day's close of $62.21.

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services primarily in North America, Europe, and Asia/Australia. Danaher Corporation has a market cap of $43.1 billion and is part of the industrial industry. The company has a P/E ratio of 17.9, above the S&P 500 P/E ratio of 17.7. Shares are up 11.3% year to date as of the close of trading on Tuesday. Currently there are 16 analysts that rate Danaher Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Danaher Corporation 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, impressive record of earnings per share growth, 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 Danaher Corporation Ratings Report now.

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