5 Stocks Dragging In The Industrial Goods Sector

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 57 points (-0.3%) at 16,357 as of Wednesday, Jan. 22, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,698 issues advancing vs. 1,213 declining with 185 unchanged.

The Industrial Goods sector currently is unchanged today versus the S&P 500, which is down 0.1%.

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

5. Royal Philips ( PHG) is one of the companies pushing the Industrial Goods sector lower today. As of noon trading, Royal Philips is down $0.35 (-0.9%) to $37.53 on heavy volume. Thus far, 483,367 shares of Royal Philips exchanged hands as compared to its average daily volume of 470,800 shares. The stock has ranged in price between $37.52-$37.68 after having opened the day at $37.55 as compared to the previous trading day's close of $37.88.

Koninklijke Philips N.V. engages in the healthcare, lighting, and consumer lifestyle businesses worldwide. Royal Philips has a market cap of $34.7 billion and is part of the consumer durables industry. The company has a P/E ratio of 102.5, above the S&P 500 P/E ratio of 17.7. Shares are up 2.5% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Royal Philips a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Royal Philips as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, compelling growth 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 Royal Philips Ratings Report now.

STOCKS TO BUY: 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, ABB ( ABB) is down $1.10 (-4.1%) to $25.58 on heavy volume. Thus far, 1.4 million shares of ABB exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $25.55-$25.89 after having opened the day at $25.57 as compared to the previous trading day's close of $26.68.

ABB Ltd provides power and automation technologies for utility and industrial customers worldwide. ABB has a market cap of $62.2 billion and is part of the industrial industry. The company has a P/E ratio of 23.0, above the S&P 500 P/E ratio of 17.7. Shares are up 2.0% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts that rate ABB a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates ABB as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full ABB Ratings Report now.

STOCKS TO BUY: 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, Parker Hannifin Corporation ( PH) is down $4.42 (-3.5%) to $122.40 on heavy volume. Thus far, 1.1 million shares of Parker Hannifin Corporation exchanged hands as compared to its average daily volume of 909,600 shares. The stock has ranged in price between $121.75-$124.50 after having opened the day at $123.52 as compared to the previous trading day's close of $126.82.

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 $19.0 billion and is part of the industrial industry. The company has a P/E ratio of 20.2, above the S&P 500 P/E ratio of 17.7. Shares are down 1.4% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Parker Hannifin Corporation a buy, 1 analyst rates it a sell, and 4 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, good cash flow from operations, solid stock price performance and increase in net income. 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.

STOCKS TO BUY: 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, Danaher Corporation ( DHR) is down $0.57 (-0.7%) to $77.43 on light volume. Thus far, 788,053 shares of Danaher Corporation exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $77.10-$78.21 after having opened the day at $78.05 as compared to the previous trading day's close of $78.00.

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. Danaher Corporation has a market cap of $54.3 billion and is part of the industrial industry. The company has a P/E ratio of 21.8, above the S&P 500 P/E ratio of 17.7. Shares are up 1.0% year-to-date as of the close of trading on Tuesday. Currently there are 15 analysts that rate Danaher Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Danaher 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, solid stock price performance, growth in earnings per share and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Danaher Corporation Ratings Report now.

STOCKS TO BUY: 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 down $0.93 (-1.0%) to $89.67 on light volume. Thus far, 1.9 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 $89.53-$90.82 after having opened the day at $90.59 as compared to the previous trading day's close of $90.60.

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 $58.2 billion and is part of the industrial industry. The company has a P/E ratio of 17.4, below the S&P 500 P/E ratio of 17.7. Shares are down 0.2% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Caterpillar a buy, no analysts rate it a sell, and 12 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.

STOCKS TO BUY: 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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