3 Stocks Boosting The Industrial Industry 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 6 points (0.0%) at 17,692 as of Thursday, Nov. 20, 2014, 12:15 PM ET. The NYSE advances/declines ratio sits at 1,899 issues advancing vs. 1,047 declining with 192 unchanged.

The Industrial industry currently sits up 0.4% versus the S&P 500, which is up 0.2%. Top gainers within the industry include Mohawk Industries ( MHK), up 2.6%, Tenaris ( TS), up 0.7%, Flowserve ( FLS), up 0.8%, Stanley Black & Decker ( SWK), up 0.7% and Cummins ( CMI), up 0.8%. On the negative front, top decliners within the industry include Spectrum Brands Holdings ( SPB), down 0.9%, Royal Philips ( PHG), down 1.4%, Deere ( DE), down 0.9% and Nidec ( NJ), down 0.9%.

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

3. Parker Hannifin ( PH) is one of the companies pushing the Industrial industry higher today. As of noon trading, Parker Hannifin is up $1.02 (0.8%) to $130.26 on average volume. Thus far, 543,905 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 $128.13-$130.62 after having opened the day at $128.24 as compared to the previous trading day's close of $129.24.

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 $19.4 billion and is part of the industrial goods sector. Shares are up 0.5% year-to-date as of the close of trading on Wednesday. Currently there are 7 analysts who 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 growth in earnings per share, increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. 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, Eaton ( ETN) is up $0.44 (0.7%) to $67.28 on light volume. Thus far, 487,707 shares of Eaton exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $66.31-$67.55 after having opened the day at $66.50 as compared to the previous trading day's close of $66.84.

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

Eaton Corporation plc operates as a power management company worldwide. Eaton has a market cap of $32.0 billion and is part of the industrial goods sector. Shares are down 12.2% year-to-date as of the close of trading on Wednesday. Currently there are 7 analysts who rate Eaton a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Eaton as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Eaton 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, Emerson Electric ( EMR) is up $0.31 (0.5%) to $64.46 on light volume. Thus far, 666,190 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 $63.65-$64.60 after having opened the day at $63.75 as compared to the previous trading day's close of $64.15.

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 $44.7 billion and is part of the industrial goods sector. Shares are down 8.6% year-to-date as of the close of trading on Wednesday. Currently there are 6 analysts who 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.

If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the industrial industry could consider SPDR Dow Jones Industrial Average ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).

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