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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 73 points (-0.4%) at 17,997 as of Tuesday, May 5, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 723 issues advancing vs. 2,287 declining with 141 unchanged.

The Industrial industry currently sits down 0.3% versus the S&P 500, which is down 0.7%. A company within the industry that fell today was Nidec ( NJ), up 1.4%.

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

3. Stanley Black & Decker ( SWK) is one of the companies pushing the Industrial industry higher today. As of noon trading, Stanley Black & Decker is up $0.75 (0.8%) to $101.30 on average volume. Thus far, 630,800 shares of Stanley Black & Decker exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $100.27-$101.50 after having opened the day at $100.63 as compared to the previous trading day's close of $100.55.

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Stanley Black & Decker, Inc. provides power and hand tools, mechanical access solutions, and electronic security and monitoring systems for various industrial applications. Stanley Black & Decker has a market cap of $15.3 billion and is part of the industrial goods sector. Shares are up 3.4% year-to-date as of the close of trading on Monday. Currently there are 4 analysts who rate Stanley Black & Decker a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Stanley Black & Decker as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, expanding profit margins, solid stock price performance 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 Stanley Black & Decker Ratings Report now.

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2. As of noon trading, Parker Hannifin ( PH) is up $1.87 (1.5%) to $123.50 on heavy volume. Thus far, 1.3 million 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 $121.61-$124.10 after having opened the day at $122.13 as compared to the previous trading day's close of $121.63.

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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 $17.2 billion and is part of the industrial goods sector. Shares are down 6.4% year-to-date as of the close of trading on Monday. Currently there are 5 analysts who rate Parker Hannifin a buy, 1 analyst rates it a sell, and 7 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 impressive record of earnings per share growth, increase in net income, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Parker Hannifin Ratings Report now.

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1. As of noon trading, Eaton ( ETN) is up $1.42 (2.0%) to $72.22 on heavy volume. Thus far, 2.7 million shares of Eaton exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $70.99-$72.76 after having opened the day at $71.01 as compared to the previous trading day's close of $70.80.

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Eaton Corporation plc operates as a power management company worldwide. Eaton has a market cap of $32.9 billion and is part of the industrial goods sector. Shares are up 3.8% year-to-date as of the close of trading on Monday. Currently there are 8 analysts who rate Eaton a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Eaton as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, reasonable valuation levels, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Eaton Ratings Report now.

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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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