3 Stocks Raising The Industrial Goods Sector Higher

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 30 points (0.2%) at 15,994 as of Thursday, Feb. 13, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,823 issues advancing vs. 1,044 declining with 196 unchanged.

The Industrial Goods sector currently sits up 0.5% versus the S&P 500, which is up 0.2%. Top gainers within the sector include 3D Systems Corporation ( DDD), up 2.1%, Cummins ( CMI), up 1.3%, Lockheed Martin Corporation ( LMT), up 1.0% and Sherwin-Williams Company ( SHW), up 0.9%. On the negative front, top decliners within the sector include Nidec Corporation ( NJ), down 3.4%, James Hardie Industries ( JHX), down 3.0%, Deere ( DE), down 1.1% and Emerson Electric ( EMR), down 0.8%.

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

3. Colfax Corporation ( CFX) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Colfax Corporation is up $2.90 (4.5%) to $67.92 on heavy volume. Thus far, 586,291 shares of Colfax Corporation exchanged hands as compared to its average daily volume of 392,200 shares. The stock has ranged in price between $64.39-$67.99 after having opened the day at $64.46 as compared to the previous trading day's close of $65.02.

Colfax Corporation, a diversified industrial manufacturing and engineering company, provides gas- and fluid-handling and fabrication technology products and services to commercial and governmental customers worldwide. Colfax Corporation has a market cap of $6.5 billion and is part of the industrial industry. Shares are up 2.1% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst who rates Colfax Corporation a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Colfax Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Colfax Corporation Ratings Report now.

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