3 Industrial Goods Stocks Dragging The Sector Down

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 lower today with the Dow Jones Industrial Average ( ^DJI) trading down 68 points (-0.4%) at 17,105 as of Tuesday, Sept. 23, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,162 issues advancing vs. 1,797 declining with 186 unchanged.

The Industrial Goods sector currently sits down 0.1% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the sector include Northrop Grumman ( NOC), down 2.1%, Dover ( DOV), down 1.6%, Raytheon ( RTN), down 1.6%, General Dynamics ( GD), down 1.2% and Tenaris ( TS), down 0.9%.

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

3. Danaher ( DHR) is one of the companies pushing the Industrial Goods sector lower today. As of noon trading, Danaher is down $0.46 (-0.6%) to $77.70 on light volume. Thus far, 880,669 shares of Danaher exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $77.54-$78.11 after having opened the day at $77.98 as compared to the previous trading day's close of $78.16.

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. Danaher has a market cap of $55.7 billion and is part of the industrial industry. Shares are up 1.2% year-to-date as of the close of trading on Monday. Currently there are 14 analysts that rate Danaher a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Danaher 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, expanding profit margins, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Danaher Ratings Report now.

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