Today's Stocks Driving Success For The Industrial Industry

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 20 points (-0.1%) at 15,298 as of Wednesday, June 19, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 2,604 issues advancing vs. 474 declining with 57 unchanged.

The Industrial industry currently sits down 0.32 versus the S&P 500, which is down 0.17. A company within the industry that increased today was ABB ( ABB), up 0.53. A company within the industry that fell today was Nidec Corporation ( NJ), up 2.04.

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

4. Idex Corporation ( IEX) is one of the companies pushing the Industrial industry higher today. As of noon trading, Idex Corporation is up $0.79 (1.46) to $54.84 on heavy volume Thus far, 343,330 shares of Idex Corporation exchanged hands as compared to its average daily volume of 323,400 shares. The stock has ranged in price between $53.87-$54.95 after having opened the day at $54.11 as compared to the previous trading day's close of $54.05.

IDEX Corporation manufactures and sells various pumps, flow meters, other fluidics systems and components, and engineered products worldwide. Idex Corporation has a market cap of $4.4 billion and is part of the industrial goods sector. The company has a P/E ratio of 94.5, above the S&P 500 P/E ratio of 17.7. Shares are up 16.2% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Idex Corporation a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Idex 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, expanding profit margins, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Idex Corporation Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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