8 Industrial Companies with Breakout Weeks a Solid Balance Sheets

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  • The Industrial sector has been picking up steam in the past week as the second-best performing weekly sector and the best performing sector on Wednesday. The other sectors showing leadership are Materials and Financials.

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  • The strength in Industrials isn’t exactly sudden but has been on hiatus for a while as COVID news has had a tendency to damper economic outlook. However, with a dimming economic picture, it does place more pressure on the U.S. government to step up with stimulus. In this case, the stimulus will likely come in the form of an infrastructure bill. The House has passed an infrastructure bill already and the Senate is mulling it over. There is also news about bipartisan energy infrastructure bill. The makes the U.S. government the spender of last resort and there are companies that stand to benefit.

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  • The following list of eight Industrial stocks are companies with low debt, high cash and good margins that are in the Industrial Products and Construction sub-industries.

    Industrial Stock #1: Badger Meter, Inc (NYSE: BMI)

    Badger is a $1.9 billion market cap Industrial Products company that makes flow measurement, control and communications products for the water, oil chemicals and other fluids. The company has virtually no debt and operating margin of 14.91% and net margin of 11.26%. The company is set to announce its earnings on July 16 before the market opens.

    Industrial Stock #2: ITT Inc (NYSE: ITT)

    ITT is a $5.2 billion market cap Industrial Products company that engineers critical components and customized technology solutions for energy, transportation and industrial industries. The company has a debt-to-equity of 0.24 and a cash-to-debt ratio of 1.76. They have operating margins of 15.91% and net margins of 12.03%. The company is set to announce its earnings on July 31 before the market opens.

    Industrial Stock #3: A. O. Smith Corp (NYSE: AOS)

    A.O. Smith is a $8.2 billion market cap Industrial Products company that manufactures residential and commercial gas, tankless and electric water heaters and water treatment products. The company has a debt-to-equity of 0.24 and a cash-to-debt ratio of 1.45. They have operating margins of 14.67% and net margins of 11.54%. The company is set to announce its earnings on July 30 before the market opens.

    Industrial Stock #4: Omega Flex, Inc (NASDAQ: OFLX)

    Omega is a $1.2 billion market cap Industrial Products company that manufactures metal hose for the construction, manufacturing, transportation, petrochemical, pharmaceutical and other industries. The company has virtually no debt and operating margin of 20.19% and net margin of 15.7%. The company is set to announce its earnings on July 16 after the market closes.

    Industrial Stock #5: Carrier Global Corp (NYSE: CARR)

    Carrier is a $22.8 billion market cap Construction company that provides heating, ventilation, air conditioning, refrigeration, fire and security solutions. The company has virtually no debt and operating margin of 12.13% and net margin of 11.37%. The company is set to announce its earnings on July 30 before the market opens.

    Industrial Stock #6: Simpson Manufacturing Co, Inc (NYSE: SSD)

    Simpson is a $3.7 billion market cap Construction company that engineers and manufactures wood construction products that are used in light frame construction. The company has a debt-to-equity of 0.21 and a cash-to-debt ratio of 1.71. They have operating margins of 12.13% and net margins of 11.37%. The company is set to announce its earnings on July 30 before the market opens.

    Industrial Stock #7: AAON, Inc (NASDAQ: AAON)

    AAON is a $3 billion market cap Construction company that engineers, manufactures and markets air conditioning and heating equipment used for rooftop units, chillers, mechanical rooms, air handling units, recovery units, condensing units and geothermal heat pumps and coils. The company has no debt and operating margin of 16.58% and net margin of 13.12%. The company is set to announce its earnings on July 30 before the market opens.

    Industrial Stock #8: RBC Bearings Inc (NASDAQ: ROLL)

    RBC is a $3.35 billion market cap Industrial Products company that is a manufacturer of precision bearings used in machines, aircraft and mechanical systems. The company has virtually no debt and operating margin of 21.66% and net margin of 17.33%. The company is set to announce its earnings on July 30 before the market opens.

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