3 Stocks Driving The Industrial Goods Sector 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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 28 points (-0.2%) at 17,094 as of Thursday, Aug. 28, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,204 issues advancing vs. 1,745 declining with 194 unchanged.

The Industrial Goods sector currently sits down 0.3% versus the S&P 500, which is down 0.1%. Top gainers within the sector include 3D Systems ( DDD), up 2.1%, and Martin Marietta Materials ( MLM), up 1.0%. On the negative front, top decliners within the sector include Tenaris ( TS), down 1.9%, Ingersoll-Rand ( IR), down 0.7% and Weyerhaeuser ( WY), down 0.6%.

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

3. Donaldson ( DCI) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Donaldson is up $0.50 (1.2%) to $42.20 on average volume. Thus far, 203,763 shares of Donaldson exchanged hands as compared to its average daily volume of 373,500 shares. The stock has ranged in price between $41.54-$42.23 after having opened the day at $41.64 as compared to the previous trading day's close of $41.71.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Donaldson Company, Inc. manufactures and sells filtration systems and replacement parts. The company operates in two segments, Engine Products and Industrial Products. Donaldson has a market cap of $5.8 billion and is part of the industrial industry. Shares are down 4.0% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst who rates Donaldson a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Donaldson 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 Donaldson 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

Analysts' Actions -- Gogo, iRobot, Eli Lilly, VMware and More

Trade These 3 Volatility Breakout Stocks

Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: CHW, SJI, DCI

Donaldson (DCI) Stock Surges on Q3 Earnings Beat

Donaldson (DCI) Is Strong On High Volume Today