3 Stocks Pushing The Industrial Industry Lower

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 29 points (0.2%) at 17,012 as of Tuesday, July 29, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,550 issues advancing vs. 1,408 declining with 169 unchanged.

The Industrial industry currently sits down 0.2% versus the S&P 500, which is up 0.1%.

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

3. Parker Hannifin ( PH) is one of the companies pushing the Industrial industry lower today. As of noon trading, Parker Hannifin is down $2.21 (-1.8%) to $119.49 on heavy volume. Thus far, 703,472 shares of Parker Hannifin exchanged hands as compared to its average daily volume of 797,300 shares. The stock has ranged in price between $119.22-$121.59 after having opened the day at $121.22 as compared to the previous trading day's close of $121.70.

Parker-Hannifin Corporation manufactures motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. Parker Hannifin has a market cap of $18.3 billion and is part of the industrial goods sector. Shares are down 5.4% year-to-date as of the close of trading on Monday. Currently there are 9 analysts that rate Parker Hannifin a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Parker Hannifin 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 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 Parker Hannifin 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 liked this article you might like

What Happened to American Society Is Happening to the Stock Market, Too: Market Recon

The 10 Sectors Making Up for Retail and Autos: Cramer's 'Mad Money' Recap (Wednesday 7/5/17)

Exelixis, Lowe's, Synovus: 'Mad Money' Lightning Round (7/5/17)

Cramer: These Sectors Look Bullish (Part II)

Cramer: There Are Powerful Themes in Several Bull Markets