3 Stocks Pulling The Industrial Goods Sector Downward

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 77 points (-0.5%) at 16,493 as of Tuesday, Aug. 5, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,020 issues advancing vs. 1,966 declining with 149 unchanged.

The Industrial Goods sector currently is unchanged today versus the S&P 500, which is down 0.6%. On the negative front, top decliners within the sector include Louisiana-Pacific ( LPX), down 6.7%, Fastenal ( FAST), down 2.3%, Nidec ( NJ), down 1.6%, ABB ( ABB), down 1.1% and Sherwin-Williams ( SHW), down 0.6%. Top gainers within the sector include Mueller Water Products ( MWA), up 13.6%, Ametek ( AME), up 2.9%, TransDigm Group ( TDG), up 2.2%, Textron ( TXT), up 1.0% and Raytheon ( RTN), up 0.8%.

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

3. Tenaris ( TS) is one of the companies pushing the Industrial Goods sector lower today. As of noon trading, Tenaris is down $0.44 (-1.0%) to $43.02 on light volume. Thus far, 346,759 shares of Tenaris exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $42.95-$43.41 after having opened the day at $43.28 as compared to the previous trading day's close of $43.46.

Tenaris S.A., through its subsidiaries, is engaged in the steel pipe manufacturing and distribution activities. Tenaris has a market cap of $25.3 billion and is part of the metals & mining industry. Shares are down 0.5% year-to-date as of the close of trading on Monday. Currently there is 1 analyst that rates Tenaris a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Tenaris as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Tenaris 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, Dover ( DOV) is down $0.69 (-0.8%) to $85.50 on average volume. Thus far, 442,680 shares of Dover exchanged hands as compared to its average daily volume of 803,400 shares. The stock has ranged in price between $85.35-$86.13 after having opened the day at $85.94 as compared to the previous trading day's close of $86.19.

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 has a market cap of $14.2 billion and is part of the industrial industry. Shares are down 10.7% year-to-date as of the close of trading on Monday. Currently there are 8 analysts that rate Dover a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Dover 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, notable return on equity, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Dover 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, Emerson Electric ( EMR) is down $0.70 (-1.1%) to $63.29 on heavy volume. Thus far, 4.0 million shares of Emerson Electric exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $60.85-$63.96 after having opened the day at $62.10 as compared to the previous trading day's close of $63.99.

Emerson Electric Co., a diversified technology company, designs and supplies products and technology, and delivers engineering services and solutions to the industrial, commercial, and consumer markets worldwide. Emerson Electric has a market cap of $44.5 billion and is part of the industrial industry. Shares are down 8.8% year-to-date as of the close of trading on Monday. Currently there are 6 analysts that rate Emerson Electric a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Emerson Electric as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Emerson Electric 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 goods sector could consider Industrial Select Sector SPDR ( XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 ( DOG).

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