3 Stocks Driving 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 54 points (0.3%) at 18,054 as of Thursday, June 11, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,776 issues advancing vs. 1,216 declining with 167 unchanged.

The Industrial industry currently is unchanged today versus the S&P 500, which is up 0.2%.

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

3. Precision Castparts ( PCP) is one of the companies pushing the Industrial industry higher today. As of noon trading, Precision Castparts is up $1.02 (0.5%) to $209.86 on light volume. Thus far, 191,608 shares of Precision Castparts exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $208.53-$210.92 after having opened the day at $208.59 as compared to the previous trading day's close of $208.84.

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Precision Castparts Corp. manufactures and sells metal components and products to the aerospace, power, and general industrial and other markets worldwide. The company operates through three segments: Investment Cast Products, Forged Products, and Airframe Products. Precision Castparts has a market cap of $28.7 billion and is part of the industrial goods sector. Shares are down 13.3% year-to-date as of the close of trading on Wednesday. Currently there are 9 analysts who rate Precision Castparts a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Precision Castparts as a buy. 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. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full Precision Castparts Ratings Report now.

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2. As of noon trading, Emerson Electric ( EMR) is up $0.31 (0.5%) to $60.08 on light volume. Thus far, 972,599 shares of Emerson Electric exchanged hands as compared to its average daily volume of 4.8 million shares. The stock has ranged in price between $59.74-$60.18 after having opened the day at $59.89 as compared to the previous trading day's close of $59.77.

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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 $39.6 billion and is part of the industrial goods sector. Shares are down 3.2% year-to-date as of the close of trading on Wednesday. Currently there are 3 analysts who rate Emerson Electric a buy, 2 analysts rate it a sell, and 15 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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1. As of noon trading, 3M ( MMM) is up $0.98 (0.6%) to $160.02 on light volume. Thus far, 732,624 shares of 3M exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $159.00-$160.36 after having opened the day at $159.12 as compared to the previous trading day's close of $159.04.

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3M Company operates as a diversified technology company worldwide. 3M has a market cap of $99.6 billion and is part of the industrial goods sector. Shares are down 3.2% year-to-date as of the close of trading on Wednesday. Currently there are 5 analysts who rate 3M a buy, 2 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates 3M as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and growth in earnings per share. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full 3M 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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