5 Stocks Advancing The Industrial Industry

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 11 points (0.1%) at 15,533 as of Tuesday, July 30, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,505 issues advancing vs. 1,392 declining with 116 unchanged.

The Industrial industry currently sits up 0.4% versus the S&P 500, which is up 0.2%. Top gainers within the industry include Chart Industries ( GTLS), up 14.9%, Carpenter Technology Corporation ( CRS), up 13.7%, Rockwell Automation ( ROK), up 5.5%, Mohawk Industries ( MHK), up 2.5% and Tenaris ( TS), up 2.4%. On the negative front, top decliners within the industry include 3D Systems Corporation ( DDD), down 5.9%, and Royal Philips ( PHG), down 1.1%.

TheStreet would like to highlight 5 stocks pushing the industry higher today:

5. Illinois Tool Works ( ITW) is one of the companies pushing the Industrial industry higher today. As of noon trading, Illinois Tool Works is up $0.48 (0.7%) to $72.11 on light volume. Thus far, 422,114 shares of Illinois Tool Works exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $71.81-$72.35 after having opened the day at $72.02 as compared to the previous trading day's close of $71.63.

Illinois Tool Works Inc. manufactures and sells a range of industrial products and equipment worldwide. Illinois Tool Works has a market cap of $32.4 billion and is part of the industrial goods sector. Shares are up 17.8% year to date as of the close of trading on Monday. Currently there are 8 analysts that rate Illinois Tool Works a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Illinois Tool Works as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Illinois Tool Works 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.

4. As of noon trading, Danaher Corporation ( DHR) is up $0.41 (0.6%) to $67.60 on light volume. Thus far, 806,930 shares of Danaher Corporation exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $67.34-$67.86 after having opened the day at $67.46 as compared to the previous trading day's close of $67.19.

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 $46.4 billion and is part of the industrial goods sector. Shares are up 19.4% year to date as of the close of trading on Monday. Currently there are 15 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, expanding profit margins, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Danaher 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.

3. As of noon trading, Eaton Corporation ( ETN) is up $0.85 (1.3%) to $68.47 on light volume. Thus far, 723,124 shares of Eaton Corporation exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $67.83-$68.56 after having opened the day at $68.08 as compared to the previous trading day's close of $67.62.

Eaton Corporation plc operates as a diversified power management company worldwide. The company operates through Electrical Americas, Electrical Rest of World, Cooper, Hydraulics, Aerospace, Truck, and Automotive segments. Eaton Corporation has a market cap of $32.2 billion and is part of the technology sector. Shares are up 24.8% year to date as of the close of trading on Monday. Currently there are 12 analysts that rate Eaton Corporation a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Eaton Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, reasonable valuation levels, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Eaton 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, Cummins ( CMI) is up $4.71 (4.0%) to $121.15 on heavy volume. Thus far, 2.7 million shares of Cummins exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $118.11-$123.90 after having opened the day at $120.01 as compared to the previous trading day's close of $116.44.

Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, and engine-related component products. It operates in four segments: Engine, Components, Power Generation, and Distribution. Cummins has a market cap of $22.0 billion and is part of the industrial goods sector. Shares are up 6.9% year to date as of the close of trading on Monday. Currently there are 9 analysts that rate Cummins a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Cummins as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Cummins 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, Emerson Electric ( EMR) is up $0.56 (0.9%) to $60.34 on light volume. Thus far, 939,676 shares of Emerson Electric exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $60.05-$60.48 after having opened the day at $60.13 as compared to the previous trading day's close of $59.78.

Emerson Electric Co., a diversified technology company, engages in designing and supplying products and technology, and providing engineering services and solutions to the industrial, commercial, and consumer markets worldwide. Emerson Electric has a market cap of $43.0 billion and is part of the technology sector. Shares are up 12.9% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate Emerson Electric a buy, no analysts rate it a sell, and 16 rate it a hold.

TheStreet Ratings rates Emerson Electric as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Emerson Electric 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 5 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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