3 Stocks Pulling The Industrial Industry 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.

Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 68 points (0.4%) at 17,048 as of Thursday, Aug. 21, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,747 issues advancing vs. 1,215 declining with 171 unchanged.

The Industrial industry currently is unchanged today versus the S&P 500, which is up 0.3%. A company within the industry that fell today was Cummins ( CMI), up 0.9%.

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

3. Colfax ( CFX) is one of the companies pushing the Industrial industry lower today. As of noon trading, Colfax is down $0.49 (-0.8%) to $64.68 on light volume. Thus far, 151,150 shares of Colfax exchanged hands as compared to its average daily volume of 603,400 shares. The stock has ranged in price between $64.46-$65.38 after having opened the day at $65.38 as compared to the previous trading day's close of $65.17.

Colfax Corporation, a diversified industrial manufacturing and engineering company, provides gas-and fluid-handling and fabrication technology products and services to commercial and governmental customers worldwide. Colfax has a market cap of $8.0 billion and is part of the industrial goods sector. Shares are up 2.3% year-to-date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Colfax a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Colfax 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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Colfax Ratings Report now.

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2. As of noon trading, Pall Corporation ( PLL) is down $0.63 (-0.8%) to $81.16 on light volume. Thus far, 149,656 shares of Pall Corporation exchanged hands as compared to its average daily volume of 483,300 shares. The stock has ranged in price between $80.89-$82.13 after having opened the day at $81.92 as compared to the previous trading day's close of $81.79.

Pall Corporation manufactures and markets filtration, separation, and purification products and integrated systems solutions worldwide. It operates in two segments, Life Sciences and Industrial. Pall Corporation has a market cap of $8.9 billion and is part of the industrial goods sector. Shares are down 4.2% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Pall Corporation a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Pall 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, growth in earnings per share, increase in net income 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 Pall Corporation Ratings Report now.

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1. As of noon trading, Parker Hannifin ( PH) is down $0.88 (-0.8%) to $116.92 on average volume. Thus far, 500,824 shares of Parker Hannifin exchanged hands as compared to its average daily volume of 994,100 shares. The stock has ranged in price between $116.27-$117.89 after having opened the day at $117.83 as compared to the previous trading day's close of $117.80.

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 $17.2 billion and is part of the industrial goods sector. Shares are down 8.4% year-to-date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Parker Hannifin a buy, no analysts rate it a sell, and 2 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, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins. 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 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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