3 Industrial Stocks Pushing Industry Growth

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 31 points (0.2%) at 16,096 as of Monday, Nov. 25, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,434 issues advancing vs. 1,496 declining with 119 unchanged.

The Industrial industry currently is unchanged today versus the S&P 500, which is up 0.1%.

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

3. Parker Hannifin Corporation ( PH) is one of the companies pushing the Industrial industry higher today. As of noon trading, Parker Hannifin Corporation is up $1.36 (1.1%) to $119.98 on average volume. Thus far, 450,413 shares of Parker Hannifin Corporation exchanged hands as compared to its average daily volume of 942,500 shares. The stock has ranged in price between $118.55-$120.07 after having opened the day at $118.78 as compared to the previous trading day's close of $118.62.

Parker-Hannifin Corporation manufactures motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. Parker Hannifin Corporation has a market cap of $17.4 billion and is part of the industrial goods sector. The company has a P/E ratio of 18.5, above the S&P 500 P/E ratio of 17.7. Shares are up 39.5% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate Parker Hannifin Corporation a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Parker Hannifin 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, reasonable valuation levels, good cash flow from operations 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 Parker Hannifin Corporation Ratings Report now.

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2. As of noon trading, Ingersoll-Rand ( IR) is up $1.03 (1.5%) to $69.87 on average volume. Thus far, 1.0 million shares of Ingersoll-Rand exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $68.97-$69.92 after having opened the day at $69.25 as compared to the previous trading day's close of $68.84.

Ingersoll-Rand plc engages in the design, manufacture, sale, and service of a diverse portfolio of industrial and commercial products in the United States and internationally. Ingersoll-Rand has a market cap of $19.6 billion and is part of the industrial goods sector. The company has a P/E ratio of 25.2, above the S&P 500 P/E ratio of 17.7. Shares are up 43.5% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Ingersoll-Rand a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Ingersoll-Rand as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures 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 Ingersoll-Rand 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 $1.93 (2.3%) to $84.81 on heavy volume. Thus far, 4.0 million shares of Caterpillar exchanged hands as compared to its average daily volume of 5.2 million shares. The stock has ranged in price between $83.87-$84.94 after having opened the day at $84.40 as compared to the previous trading day's close of $82.88.

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 $52.3 billion and is part of the industrial goods sector. The company has a P/E ratio of 15.6, below the S&P 500 P/E ratio of 17.7. Shares are down 8.4% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate Caterpillar a buy, no analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Caterpillar as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, 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 3 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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