3 Industrial Stocks Pushing Industry Growth

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 44 points (-0.3%) at 15,515 as of Monday, July 29, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 829 issues advancing vs. 2,095 declining with 99 unchanged.

The Industrial industry currently sits down 0.2% versus the S&P 500, which is down 0.4%. A company within the industry that fell today was Siemens ( SI), up 1.0%.

TheStreet would like to highlight 3 stocks pushing the industry higher today:

3. Dover Corporation ( DOV) is one of the companies pushing the Industrial industry higher today. As of noon trading, Dover Corporation is up $0.80 (0.9%) to $85.47 on average volume. Thus far, 579,091 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 $84.69-$85.98 after having opened the day at $84.70 as compared to the previous trading day's close of $84.67.

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 $14.6 billion and is part of the industrial goods sector. Shares are up 28.8% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Dover Corporation a buy, no analysts rate it a sell, and 3 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, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Dover Corporation Ratings Report now.

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