3 Industrial Goods Stocks Moving The Sector Upward

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 25 points (-0.1%) at 18,080 as of Tuesday, May 12, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,119 issues advancing vs. 1,860 declining with 154 unchanged.

The Industrial Goods sector currently sits down 0.5% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the sector include Martin Marietta Materials ( MLM), down 1.7%, and Nidec ( NJ), down 1.0%.

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

3. Tenaris ( TS) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Tenaris is up $0.50 (1.6%) to $30.60 on light volume. Thus far, 747,982 shares of Tenaris exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $30.38-$30.74 after having opened the day at $30.52 as compared to the previous trading day's close of $30.10.

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Tenaris S.A., through its subsidiaries, manufactures and supplies steel pipe products and related services for the energy and other industrial applications. Tenaris has a market cap of $18.0 billion and is part of the metals & mining industry. Shares are up 0.9% year-to-date as of the close of trading on Monday. Currently there is 1 analyst who rates Tenaris a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Tenaris 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, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, disappointing return on equity and a generally disappointing performance in the stock itself. Get the full Tenaris Ratings Report now.

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2. As of noon trading, Danaher ( DHR) is up $1.71 (2.0%) to $85.27 on heavy volume. Thus far, 5.4 million shares of Danaher exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $83.27-$85.30 after having opened the day at $83.30 as compared to the previous trading day's close of $83.56.

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Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. Danaher has a market cap of $59.5 billion and is part of the industrial industry. Shares are down 2.0% year-to-date as of the close of trading on Monday. Currently there are 12 analysts who 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 solid stock price performance. We feel its 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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1. As of noon trading, Emerson Electric ( EMR) is up $0.85 (1.4%) to $60.15 on average volume. Thus far, 3.4 million shares of Emerson Electric exchanged hands as compared to its average daily volume of 4.9 million shares. The stock has ranged in price between $59.04-$60.23 after having opened the day at $59.07 as compared to the previous trading day's close of $59.30.

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Emerson Electric Co. provides technology and engineering solutions to industrial, commercial, and consumer markets worldwide. It operates through five segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. Emerson Electric has a market cap of $39.3 billion and is part of the industrial industry. Shares are down 4.8% year-to-date as of the close of trading on Monday. Currently there are 3 analysts who rate Emerson Electric a buy, 2 analysts rate it a sell, and 16 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 impressive record of earnings per share growth, compelling growth in net income, notable return on equity, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full Emerson Electric 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 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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