PH, RTN And LMT, 3 Industrial Goods Stocks Pushing The Sector Lower

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%. 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 lower today:

3. Parker Hannifin ( PH) is one of the companies pushing the Industrial Goods sector lower today. As of noon trading, Parker Hannifin is down $1.10 (-0.9%) to $114.80 on average volume. Thus far, 531,070 shares of Parker Hannifin exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $114.38-$115.19 after having opened the day at $115.01 as compared to the previous trading day's close of $115.90.

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 $17.3 billion and is part of the industrial industry. Shares are down 9.9% 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.

2. As of noon trading, Raytheon ( RTN) is down $0.53 (-0.6%) to $95.63 on average volume. Thus far, 820,866 shares of Raytheon exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $95.50-$96.19 after having opened the day at $95.75 as compared to the previous trading day's close of $96.16.

Raytheon Company develops integrated products, services, and solutions in the areas of sensing; effects; command, control, communications, and intelligence; mission support; and cyber and information security worldwide. Raytheon has a market cap of $30.0 billion and is part of the aerospace/defense industry. Shares are up 6.0% year-to-date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Raytheon a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Raytheon as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels 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 Raytheon 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, Lockheed Martin ( LMT) is down $1.00 (-0.6%) to $174.19 on average volume. Thus far, 718,026 shares of Lockheed Martin exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $173.74-$175.05 after having opened the day at $174.67 as compared to the previous trading day's close of $175.19.

Lockheed Martin Corporation, a security and aerospace company, is engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services for defense, civil, and commercial applications in United States and internationally. Lockheed Martin has a market cap of $56.1 billion and is part of the aerospace/defense industry. Shares are up 18.7% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Lockheed Martin a buy, 1 analyst rates it a sell, and 10 rate it a hold.

TheStreet Ratings rates Lockheed Martin as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations, growth in earnings per share, increase in net income and notable return on equity. 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 Lockheed Martin 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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