3 Industrial Stocks Dragging The Industry Down

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%. On the negative front, top decliners within the industry include 3D Systems Corporation ( DDD), down 5.9%, and Royal Philips ( PHG), down 1.1%. 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%.

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

3. Xylem ( XYL) is one of the companies pushing the Industrial industry lower today. As of noon trading, Xylem is down $3.16 (-11.1%) to $25.30 on heavy volume. Thus far, 5.2 million shares of Xylem exchanged hands as compared to its average daily volume of 968,700 shares. The stock has ranged in price between $23.61-$26.68 after having opened the day at $26.00 as compared to the previous trading day's close of $28.46.

Xylem Inc. engages in the design, manufacture, and application of engineered technologies for water and wastewater applications. The company operates in two segments, Water Infrastructure and Applied Water. Xylem has a market cap of $5.3 billion and is part of the industrial goods sector. Shares are up 5.0% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate Xylem a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Xylem as a hold. 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 and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and weak operating cash flow. Get the full Xylem Ratings Report now.

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