3 Stocks Underperforming Today In The Industrial Goods Sector

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 73 points (0.4%) at 16,911 as of Tuesday, Aug. 19, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,966 issues advancing vs. 988 declining with 181 unchanged.

The Industrial Goods sector currently sits up 0.6% versus the S&P 500, which is up 0.4%. A company within the sector that fell today was Nidec ( NJ), up 1.2%. Top gainers within the sector include Kennametal ( KMT), up 4.2%, Owens-Corning ( OC), up 3.7%, Lennar ( LEN), up 3.2%, USG ( USG), up 3.0% and DR Horton ( DHI), up 2.7%.

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

3. Chart Industries ( GTLS) is one of the companies pushing the Industrial Goods sector lower today. As of noon trading, Chart Industries is down $1.66 (-2.4%) to $69.04 on heavy volume. Thus far, 434,129 shares of Chart Industries exchanged hands as compared to its average daily volume of 429,400 shares. The stock has ranged in price between $68.78-$71.50 after having opened the day at $70.70 as compared to the previous trading day's close of $70.70.

Chart Industries, Inc. manufactures and sells engineered equipment for the production, storage, and end-use of hydrocarbon and industrial gases worldwide. The company operates in three segments: Energy & Chemicals (E&C), Distribution & Storage (D&S), and BioMedical. Chart Industries has a market cap of $2.2 billion and is part of the industrial industry. Shares are down 26.1% year-to-date as of the close of trading on Monday. Currently there are 6 analysts that rate Chart Industries a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Chart Industries 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, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Chart Industries Ratings Report now.

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