After an extended run higher that lasted over a year, it’s starting to look like the move higher for the U.S. dollar may be just about over. With a very dovish Federal Reserve talking the dollar down, and looking to hold rates until June at the earliest, dollar bulls have been rushing to get out of the trade that was a big winner for a long time.

A recent Jefferies research report noted that in March, the Diffusion Index that attempts to predict economic growth showed one of the biggest positive turns in the years they have been monitoring it. The report also had a list of industrial stocks that will benefit from a weaker dollar. We found four that also pay solid dividends.

Flowserve

This company will also get a boost from an improving economy. Flowserve Corp. (NYSE: FLS) designs, manufactures, distributes and services industrial flow management equipment worldwide. The company operates through three segments. The Engineered Product Division offers custom and other engineered pumps and pump systems, mechanical seals, auxiliary systems, replacement parts and related services, as well as manufactures gas-lubricated mechanical seals used in high-speed compressors.

The Industrial Product Division provides preconfigured engineered pumps and pump systems and related products and services, including submersible motors and specialty products. The Flow Control Division offers industrial valve and automation solutions comprising isolation and control valves, actuation, controls and related equipment, as well as energy management products, such as steam traps, boiler controls and condensate, and energy recovery systems.

Flowserve investors receive a 1.65% dividend. The Thomson/First Call consensus price target for the stock is $41.88. Shares closed way above that level Monday at $46.15.

Ingersoll-Rand

This is one of the many top companies that restructured and is now based in Ireland. Ingersoll-Rand PLC (NYSE: IR) is another top industrial stock to buy and, with the housing market continuing to grow, the company’s wide range of portfolio products should continue to sell well. Many on Wall Street also see the stock as a good play on the replacement, upgrade and, ultimately, growth in the commercial and residential air conditioning markets. Trends in these markets have been highly correlated with overall commercial construction and are thus earlier in the cycle.

Ingersoll Rand has an outstanding portfolio of global brands and holds leading market share in all major product lines. The geographic and industrial diversity coupled with a large installed product base provides solid growth opportunities for the company within service, spare parts and replacement revenue streams.

Ingersoll-Rand investors are paid a 2% dividend. The consensus target price is $67, and shares closed on Monday at $64.03.

Parker-Hannifin

This is another top industrial company that pays an outstanding dividend. Parker-Hannifin Corp. (NYSE: PH) manufactures and sells motion and control technologies and systems for various mobile, industrial and aerospace markets worldwide. The company operates in two segments. Its Diversified Industrial segment provides pneumatic, fluidic and electromechanical components and systems, as well as filters, systems and diagnostics solutions to monitor and remove contaminants from fuel, air, oil, water and other liquids and gases.

The Aerospace Systems segment offers flight control, hydraulic, fuel, fluid conveyance and engine systems and components for commercial and military airframe and engine programs. It also provides electronics thermal management heat rejection systems, and single-phase and two-phase heat collection systems for radar, inverse synthetic aperture radar and power electronics.

Shareholders receive a solid 2.21% dividend. The consensus price target is $104.76, and again the stock closed much higher Monday, at $113.41.

United Technologies

This is a very diversified company with large government contract exposure. United Technologies Corp. (NYSE: UTX) is an industrial that provides high-technology products and services to aerospace industries and building systems worldwide. Its segments are UTC Climate, Otis, Controls & Security, UTC Aerospace Systems, and Pratt & Whitney.

Many Wall Street analysts believe the company is strategically positioned to benefit from two megatrends in the long-term: urbanization and commercial aerospace. The company received good news recently as the military and foreign buyers are set to increase purchase of the F-135 Jets. UTC’s Pratt & Whitney division, which builds the F135 engine for the military, earns a superb 22.5% profit margin on its products.

UTC investors are paid a 2.42% dividend. The consensus price target is posted at $106.11. The stock closed most recently at $105.20.

These four top industrials to buy should not only benefit from the weakening dollar but should also fare well in an improving global economy.

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