3 Stocks Dragging The Industrial Goods Sector 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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 34 points (0.2%) at 17,646 as of Thursday, Nov. 13, 2014, 12:00 PM ET. The NYSE advances/declines ratio sits at 1,160 issues advancing vs. 1,783 declining with 183 unchanged.

The Industrial Goods sector currently sits down 1.0% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include Ametek ( AME), down 4.8%, Foster Wheeler ( FWLT), down 4.8%, 3D Systems ( DDD), down 4.0%, Chicago Bridge & Iron Company ( CBI), down 3.3% and Flowserve ( FLS), down 2.4%.

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 $1.19 (-0.9%) to $127.38 on light volume. Thus far, 188,683 shares of Parker Hannifin exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $127.35-$129.07 after having opened the day at $128.61 as compared to the previous trading day's close of $128.57.

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

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. It operates through two segments, Diversified Industrial and Aerospace Systems. Parker Hannifin has a market cap of $19.0 billion and is part of the industrial industry. Shares are down 0.1% year-to-date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Parker Hannifin a buy, no analysts rate it a sell, and 6 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 increase in stock price during the past year, growth in earnings per share, increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. 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, Emerson Electric ( EMR) is down $0.64 (-1.0%) to $63.40 on light volume. Thus far, 907,304 shares of Emerson Electric exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $63.40-$64.18 after having opened the day at $64.10 as compared to the previous trading day's close of $64.05.

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

Emerson Electric Co., a diversified technology company, designs and supplies products and technology, and delivers engineering services and solutions to the industrial, commercial, and consumer markets worldwide. Emerson Electric has a market cap of $45.1 billion and is part of the industrial industry. Shares are down 8.7% year-to-date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Emerson Electric a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Emerson Electric as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Emerson Electric 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, Deere ( DE) is down $0.47 (-0.5%) to $87.80 on light volume. Thus far, 669,175 shares of Deere exchanged hands as compared to its average daily volume of 3.9 million shares. The stock has ranged in price between $87.70-$88.35 after having opened the day at $88.25 as compared to the previous trading day's close of $88.27.

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

Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. Deere has a market cap of $31.7 billion and is part of the industrial industry. Shares are down 3.4% year-to-date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Deere a buy, 8 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Deere as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Deere 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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