3 Stocks Raising The Industrial 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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 28 points (-0.2%) at 16,647 as of Wednesday, May 28, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,518 issues advancing vs. 1,472 declining with 153 unchanged.

The Industrial industry currently sits down 0.4% versus the S&P 500, which is unchanged. On the negative front, top decliners within the industry include Nidec ( NJ), down 0.8%, and Tenaris ( TS), down 0.8%.

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

3. Ametek ( AME) is one of the companies pushing the Industrial industry higher today. As of noon trading, Ametek is up $0.40 (0.8%) to $53.16 on average volume. Thus far, 373,624 shares of Ametek exchanged hands as compared to its average daily volume of 820,800 shares. The stock has ranged in price between $52.81-$53.21 after having opened the day at $52.90 as compared to the previous trading day's close of $52.76.

AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices in North America, Europe, Asia, and South America. The company operates in two segments, Electronic Instruments Group (EIG) and Electromechanical Group (EMG). Ametek has a market cap of $12.9 billion and is part of the industrial goods sector. Shares are down 0.3% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts who rate Ametek a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Ametek as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, 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 somewhat disappointing return on equity. Get the full Ametek Ratings Report now.

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2. As of noon trading, Ingersoll-Rand ( IR) is up $1.05 (1.8%) to $59.60 on average volume. Thus far, 922,902 shares of Ingersoll-Rand exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $58.64-$59.69 after having opened the day at $58.70 as compared to the previous trading day's close of $58.55.

Ingersoll-Rand plc, together with its subsidiaries, designs, manufactures, sells, and services a portfolio of industrial and commercial products in the United States and internationally. It operates through Climate and Industrial segments. Ingersoll-Rand has a market cap of $15.7 billion and is part of the industrial goods sector. Shares are down 5.3% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts who rate Ingersoll-Rand a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Ingersoll-Rand 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 and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Ingersoll-Rand Ratings Report now.

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1. As of noon trading, Cummins ( CMI) is up $1.00 (0.7%) to $153.08 on light volume. Thus far, 423,220 shares of Cummins exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $152.21-$154.24 after having opened the day at $152.60 as compared to the previous trading day's close of $152.08.

Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, and engine-related component products. It operates in four segments: Engine, Components, Power Generation, and Distribution. Cummins has a market cap of $27.6 billion and is part of the industrial goods sector. Shares are up 6.4% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts who rate Cummins a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Cummins 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, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Cummins 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).
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