3 Industrial Stocks Dragging The Industry Down

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%. 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%. A company within the industry that increased today was Eaton Corporation ( ETN), up 0.4%.

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

3. Parker Hannifin Corporation ( PH) is one of the companies pushing the Industrial industry lower today. As of noon trading, Parker Hannifin Corporation is down $1.09 (-0.9%) to $122.66 on light volume. Thus far, 353,252 shares of Parker Hannifin Corporation exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $122.49-$124.02 after having opened the day at $123.82 as compared to the previous trading day's close of $123.75.

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 $18.2 billion and is part of the industrial goods sector. Shares are down 3.8% year-to-date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Parker Hannifin Corporation a buy, 1 analyst rates it a sell, and 3 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, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. 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, Precision Castparts ( PCP) is down $1.66 (-0.6%) to $256.68 on light volume. Thus far, 235,200 shares of Precision Castparts exchanged hands as compared to its average daily volume of 731,000 shares. The stock has ranged in price between $255.46-$259.04 after having opened the day at $258.84 as compared to the previous trading day's close of $258.34.

Precision Castparts Corp. manufactures metal components and products worldwide. Precision Castparts has a market cap of $37.7 billion and is part of the industrial goods sector. Shares are down 4.1% year-to-date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Precision Castparts a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Precision Castparts as a buy. 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, impressive record of earnings per share growth, compelling growth in net income 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 Precision Castparts 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, 3D Systems Corporation ( DDD) is down $0.94 (-1.6%) to $57.26 on light volume. Thus far, 1.6 million shares of 3D Systems Corporation exchanged hands as compared to its average daily volume of 6.2 million shares. The stock has ranged in price between $57.25-$59.03 after having opened the day at $58.19 as compared to the previous trading day's close of $58.19.

3D Systems Corporation, through its subsidiaries, operates as a provider of 3D printing centric design-to-manufacturing solutions in the United States, Germany, the Asia-Pacific, and other European countries. 3D Systems Corporation has a market cap of $6.0 billion and is part of the technology sector. Shares are down 37.4% year-to-date as of the close of trading on Wednesday. Currently there are 8 analysts that rate 3D Systems Corporation a buy, 2 analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates 3D Systems Corporation 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 expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, premium valuation and weak operating cash flow. Get the full 3D Systems 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.

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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