5 Stocks Pushing The Industrial Industry Downward

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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 5 stocks pushing the industry lower today:

5. Lincoln Electric Holdings ( LECO) is one of the companies pushing the Industrial industry lower today. As of noon trading, Lincoln Electric Holdings is down $2.39 (-3.9%) to $58.55 on heavy volume. Thus far, 529,803 shares of Lincoln Electric Holdings exchanged hands as compared to its average daily volume of 301,400 shares. The stock has ranged in price between $57.13-$61.02 after having opened the day at $60.00 as compared to the previous trading day's close of $60.94.

Lincoln Electric Holdings, Inc., through its subsidiaries, engages in the design, manufacture, and sale of welding, cutting, and brazing products worldwide. Lincoln Electric Holdings has a market cap of $5.0 billion and is part of the industrial goods sector. Shares are up 24.5% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Lincoln Electric Holdings a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Lincoln Electric Holdings 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, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Lincoln Electric Holdings Ratings Report now.

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