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.

2. As of noon trading, Pall Corporation ( PLL) is up $2.63 (3.3%) to $83.35 on heavy volume. Thus far, 1.4 million shares of Pall Corporation exchanged hands as compared to its average daily volume of 475,200 shares. The stock has ranged in price between $81.71-$84.26 after having opened the day at $81.71 as compared to the previous trading day's close of $80.72.

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

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 industry. Shares are down 5.4% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts who 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.

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, Sherwin-Williams ( SHW) is up $1.18 (0.5%) to $218.81 on light volume. Thus far, 123,103 shares of Sherwin-Williams exchanged hands as compared to its average daily volume of 495,400 shares. The stock has ranged in price between $216.00-$219.12 after having opened the day at $216.55 as compared to the previous trading day's close of $217.63.

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

The Sherwin-Williams Company is engaged in the development, manufacture, distribution, and sale of paints, coatings, and related products to professional, industrial, commercial, and retail customers worldwide. Sherwin-Williams has a market cap of $21.3 billion and is part of the chemicals industry. Shares are up 18.6% year-to-date as of the close of trading on Wednesday. Currently there are 8 analysts who rate Sherwin-Williams a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Sherwin-Williams as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Sherwin-Williams 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).

null

More from Markets

Jim Cramer: Schlumberger Predicted the Rise in Oil Prices

Jim Cramer: Schlumberger Predicted the Rise in Oil Prices

Jim Cramer on Zillow's New Business: Buying and Selling Homes

Jim Cramer on Zillow's New Business: Buying and Selling Homes

Jim Cramer on the Markets: It's Natural to Have Some Profit Taking

Jim Cramer on the Markets: It's Natural to Have Some Profit Taking

Video: As Trade Worries Subside, Expect a 'Relief Rally' in Stocks

Video: As Trade Worries Subside, Expect a 'Relief Rally' in Stocks

Stocks Trade Mixed Amid Progress on U.S.-China Trade; Dow Turns Lower

Stocks Trade Mixed Amid Progress on U.S.-China Trade; Dow Turns Lower