Today's Stocks Driving Success For The Industrial Industry

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 104 points (-0.6%) at 17,824 as of Wednesday, May 6, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 986 issues advancing vs. 2,035 declining with 119 unchanged.

The Industrial industry currently sits down 0.4% versus the S&P 500, which is down 0.3%. Top gainers within the industry include CNH Industrial ( CNHI), up 2.2%, Stanley Black & Decker ( SWK), up 1.4% and ABB ( ABB), up 0.7%.

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

3. Flowserve ( FLS) is one of the companies pushing the Industrial industry higher today. As of noon trading, Flowserve is up $0.66 (1.2%) to $56.64 on average volume. Thus far, 702,046 shares of Flowserve exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $56.08-$57.03 after having opened the day at $56.39 as compared to the previous trading day's close of $55.98.

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Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment worldwide. The company operates through three segments: Engineered Product Division (EPD), Industrial Product Division (IPD), and Flow Control Division (FCD). Flowserve has a market cap of $7.5 billion and is part of the industrial goods sector. Shares are down 6.3% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts who rate Flowserve a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates Flowserve as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself. Get the full Flowserve Ratings Report now.

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