4 Stocks Driving The Industrial Goods Sector Higher

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 42 points (-0.3%) at 15,847 as of Thursday, Dec. 5, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 971 issues advancing vs. 1,916 declining with 131 unchanged.

The Industrial Goods sector currently sits up 0.2% versus the S&P 500, which is down 0.4%. A company within the sector that increased today was Rockwell Automation ( ROK), up 1.0%. On the negative front, top decliners within the sector include PulteGroup ( PHM), down 1.9%, 3D Systems Corporation ( DDD), down 1.9% and Royal Philips ( PHG), down 0.9%.

TheStreet would like to highlight 4 stocks pushing the sector higher today:

4. Dover Corporation ( DOV) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Dover Corporation is up $1.14 (1.3%) to $89.54 on average volume. Thus far, 464,260 shares of Dover Corporation exchanged hands as compared to its average daily volume of 866,700 shares. The stock has ranged in price between $88.16-$89.67 after having opened the day at $88.27 as compared to the previous trading day's close of $88.41.

Dover Corporation manufactures and sells a range of specialized products and components, and provides related consumables and services. The company operates in four segments: Communication Technologies, Energy, Engineered Systems, and Printing and Identification. Dover Corporation has a market cap of $15.2 billion and is part of the industrial industry. The company has a P/E ratio of 16.3, below the S&P 500 P/E ratio of 17.7. Shares are up 34.5% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Dover Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Dover 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, notable return on equity, expanding profit margins and solid stock price performance. 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 Dover Corporation Ratings Report now.

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