3 Industrial Stocks Nudging The Industry Higher

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 down today with the Dow Jones Industrial Average (^DJI) trading down 17 points (-0.1%) at 16,556 as of Thursday, April 3, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,086 issues advancing vs. 1,855 declining with 176 unchanged.

The Industrial industry currently sits down 1.0% versus the S&P 500, which is down 0.3%. A company within the industry that increased today was Eaton Corporation (ETN), up 0.4%. On the negative front, top decliners within the industry include Middleby Corporation (MIDD), down 1.9%, Lincoln Electric Holdings (LECO), down 1.4%, Flowserve Corporation (FLS), down 1.1%, Pall Corporation (PLL), down 1.0% and Nidec Corporation (NJ), down 0.7%.

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

3. Dover Corporation (DOV) is one of the companies pushing the Industrial industry higher today. As of noon trading, Dover Corporation is up $0.50 (0.6%) to $85.65 on average volume. Thus far, 735,193 shares of Dover Corporation exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $84.76-$85.93 after having opened the day at $85.20 as compared to the previous trading day's close of $85.15.

Dover Corporation and its subsidiaries manufacture and sell a range of equipment and components, specialty systems, and support services. The company operates in four segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. Dover Corporation has a market cap of $14.1 billion and is part of the industrial goods sector. Currently there are 11 analysts who 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, compelling growth in net income, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Dover Corporation 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.

2. As of noon trading, Stratasys (SSYS) is up $2.22 (2.0%) to $114.03 on average volume. Thus far, 837,482 shares of Stratasys exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $112.50-$115.64 after having opened the day at $112.65 as compared to the previous trading day's close of $111.81.

Stratasys Ltd. provides additive manufacturing (AM) solutions for the creation of parts used in the processes of designing and manufacturing products and for the direct manufacture of end parts. Stratasys has a market cap of $5.5 billion and is part of the technology sector. Shares are down 17.0% year-to-date as of the close of trading on Wednesday. Currently there are 14 analysts who rate Stratasys a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Stratasys as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Stratasys 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, Illinois Tool Works (ITW) is up $0.43 (0.5%) to $83.58 on light volume. Thus far, 916,222 shares of Illinois Tool Works exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $82.96-$83.91 after having opened the day at $83.45 as compared to the previous trading day's close of $83.15.

Illinois Tool Works Inc. produces and sells engineered fasteners and components, equipment and consumable systems, and specialty products. Illinois Tool Works has a market cap of $34.5 billion and is part of the industrial goods sector. Shares are down 1.1% year-to-date as of the close of trading on Wednesday. Currently there are 9 analysts who rate Illinois Tool Works a buy, 2 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Illinois Tool Works 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, expanding profit margins, good cash flow from operations 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 Illinois Tool Works 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).

null

More from Markets

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Video: You Could Live in a Ritz-Carlton or St. Regis Home