3 Industrial Stocks Pushing Industry Growth

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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.

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

2. As of noon trading, 3D Systems Corporation ( DDD) is up $2.59 (5.5%) to $49.94 on heavy volume. Thus far, 4.7 million shares of 3D Systems Corporation exchanged hands as compared to its average daily volume of 4.7 million shares. The stock has ranged in price between $48.10-$50.54 after having opened the day at $48.10 as compared to the previous trading day's close of $47.35.

3D Systems Corporation, through its subsidiaries, develops, manufactures and markets 3D printers, print materials, on-demand custom parts services, and 3D authoring solutions for professionals and consumers. 3D Systems Corporation has a market cap of $4.4 billion and is part of the technology sector. Shares are up 32.3% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate 3D Systems Corporation a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates 3D Systems Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins 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 3D Systems 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.

1. As of noon trading, Caterpillar ( CAT) is up $1.05 (1.3%) to $83.11 on average volume. Thus far, 4.4 million shares of Caterpillar exchanged hands as compared to its average daily volume of 6.5 million shares. The stock has ranged in price between $82.00-$83.35 after having opened the day at $82.42 as compared to the previous trading day's close of $82.06.

Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. Caterpillar has a market cap of $54.0 billion and is part of the industrial goods sector. Shares are down 8.3% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate Caterpillar a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Caterpillar as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Caterpillar 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.

If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the industrial industry could consider SPDR Dow Jones Industrial Average ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).

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