3 Stocks Pushing The Industrial Goods Sector Downward

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Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 93 points (0.6%) at 15,285 as of Wednesday, Sept. 11, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,438 issues advancing vs. 1,461 declining with 119 unchanged.

The Industrial Goods sector currently sits up 0.2% versus the S&P 500, which is up 0.1%. On the negative front, top decliners within the sector include Nidec Corporation ( NJ), down 1.8%, Weyerhaeuser ( WY), down 1.4%, Ingersoll-Rand ( IR), down 1.3%, Parker Hannifin Corporation ( PH), down 1.1% and Royal Philips ( PHG), down 1.0%. Top gainers within the sector include James Hardie Industries ( JHX), up 2.5%, Sherwin-Williams Company ( SHW), up 1.0%, United Technologies ( UTX), up 1.0%, Precision Castparts ( PCP), up 0.9% and ABB ( ABB), up 0.8%.

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

3. Zebra Technologies Corporation ( ZBRA) is one of the companies pushing the Industrial Goods sector lower today. As of noon trading, Zebra Technologies Corporation is down $1.47 (-3.1%) to $45.91 on heavy volume. Thus far, 185,244 shares of Zebra Technologies Corporation exchanged hands as compared to its average daily volume of 158,100 shares. The stock has ranged in price between $45.14-$46.75 after having opened the day at $46.73 as compared to the previous trading day's close of $47.38.

Zebra Technologies Corp. Zebra Technologies Corporation has a market cap of $2.4 billion and is part of the industrial industry. Shares are up 20.5% year to date as of the close of trading on Tuesday. Currently there are no analysts that rate Zebra Technologies Corporation a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Zebra Technologies 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, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Zebra Technologies Corporation Ratings Report now.

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