5 Stocks Driving The Industrial Goods Sector Higher

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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 23 points (-0.1%) at 15,403 as of Monday, Aug. 12, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,506 issues advancing vs. 1,423 declining with 115 unchanged.

The Industrial Goods sector currently is unchanged today versus the S&P 500, which is down 0.2%. Top gainers within the sector include Stratasys ( SSYS), up 5.3%, James Hardie Industries ( JHX), up 3.8%, Chart Industries ( GTLS), up 3.5%, Stanley Black & Decker ( SWK), up 2.7% and Toll Brothers ( TOL), up 2.2%. On the negative front, top decliners within the sector include Rockwell Collins ( COL), down 1.8%, Fastenal Company ( FAST), down 1.2%, Nidec Corporation ( NJ), down 0.8% and Tenaris ( TS), down 0.7%.

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

5. 3D Systems Corporation ( DDD) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, 3D Systems Corporation is up $1.72 (3.6%) to $49.16 on average volume. Thus far, 2.8 million shares of 3D Systems Corporation exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $47.22-$49.43 after having opened the day at $47.23 as compared to the previous trading day's close of $47.44.

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 $4.8 billion and is part of the computer hardware industry. Shares are up 33.3% 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, increase in net income, 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.

4. As of noon trading, Emerson Electric ( EMR) is up $0.46 (0.7%) to $62.36 on average volume. Thus far, 1.8 million shares of Emerson Electric exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $61.55-$62.66 after having opened the day at $61.55 as compared to the previous trading day's close of $61.90.

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 $44.8 billion and is part of the electronics industry. Shares are up 16.9% year to date as of the close of trading on Friday. 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 largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. 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.

3. As of noon trading, Cummins ( CMI) is up $1.91 (1.5%) to $125.93 on average volume. Thus far, 823,769 shares of Cummins exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $122.52-$126.03 after having opened the day at $122.52 as compared to the previous trading day's close of $124.02.

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 $23.5 billion and is part of the industrial industry. Shares are up 14.5% year to date as of the close of trading on Friday. 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, 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.

2. As of noon trading, Deere ( DE) is up $1.20 (1.5%) to $82.94 on average volume. Thus far, 2.3 million shares of Deere exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $81.35-$82.95 after having opened the day at $81.50 as compared to the previous trading day's close of $81.74.

Deere & Company manufactures and distributes agriculture and turf equipment, and construction and forestry equipment worldwide. Deere has a market cap of $31.9 billion and is part of the industrial industry. Shares are down 5.4% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Deere a buy, 4 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Deere as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Deere 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 $1.26 (1.5%) to $85.77 on average volume. Thus far, 3.6 million shares of Caterpillar exchanged hands as compared to its average daily volume of 6.2 million shares. The stock has ranged in price between $84.06-$85.99 after having opened the day at $84.19 as compared to the previous trading day's close of $84.51.

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 $54.4 billion and is part of the industrial industry. Shares are down 5.7% year to date as of the close of trading on Friday. Currently there are 10 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 5 stocks, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR ( XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 ( DOG).

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