3 Industrial Goods Stocks Pushing Sector Growth

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 86 points (0.5%) at 17,915 as of Tuesday, Nov. 3, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,603 issues advancing vs. 1,362 declining with 155 unchanged.

The Industrial Goods sector currently sits up 0.6% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Emerson Electric ( EMR), up 1.5%, General Electric ( GE), up 1.0%, Caterpillar ( CAT), up 0.8% and Eaton ( ETN), up 0.7%. A company within the sector that fell today was Roper Technologies ( ROP), up 1.1%.

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

3. Embraer S.A ( ERJ) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, Embraer S.A is up $1.25 (4.2%) to $31.15 on average volume. Thus far, 594,458 shares of Embraer S.A exchanged hands as compared to its average daily volume of 903,900 shares. The stock has ranged in price between $30.04-$31.20 after having opened the day at $30.04 as compared to the previous trading day's close of $29.90.

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Embraer S.A. designs, develops, manufactures, and sells aircraft and systems; and provides technical support and after-sales service in Brazil, North America, Latin America, the Asia Pacific, Europe, and internationally. Embraer S.A has a market cap of $5.4 billion and is part of the aerospace/defense industry. Shares are down 18.9% year-to-date as of the close of trading on Monday. Currently there are 6 analysts who rate Embraer S.A a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Embraer S.A as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. Get the full Embraer S.A Ratings Report now.

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2. As of noon trading, Tenaris ( TS) is up $0.55 (2.2%) to $26.03 on light volume. Thus far, 1.1 million shares of Tenaris exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $25.41-$26.06 after having opened the day at $25.47 as compared to the previous trading day's close of $25.48.

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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 $14.9 billion and is part of the metals & mining industry. Shares are down 15.7% year-to-date as of the close of trading on Monday. Currently there are 2 analysts who rate Tenaris a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Tenaris as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full Tenaris Ratings Report now.

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1. As of noon trading, Pentair ( PNR) is up $1.57 (2.8%) to $58.43 on light volume. Thus far, 516,090 shares of Pentair exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $56.78-$58.47 after having opened the day at $56.78 as compared to the previous trading day's close of $56.86.

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Pentair plc operates as a diversified industrial manufacturing company in the United States, Europe, and internationally. The company operates through Valves & Controls, Technical Solutions, Flow & Filtration Solutions, and Water Quality Systems segments. Pentair has a market cap of $9.0 billion and is part of the industrial industry. Shares are down 14.4% year-to-date as of the close of trading on Monday. Currently there is 1 analyst who rates Pentair a buy, 1 analyst rates it a sell, and 17 rate it a hold.

TheStreet Ratings rates Pentair as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, 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 has had somewhat disappointing return on equity. Get the full Pentair 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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