This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

7 Equipment Stocks With Upside

6. Parker-Hannifin (PH - Get Report) is a full-line diversified manufacturer of motion and control technologies and systems, including fluid power systems, electromechanical controls and related components. The company's manufacturing, service, distribution, and administrative facilities are located in 39 states and in 45 foreign countries.

For the third quarter of 2011, the company reported net sales of $3.2 billion, increasing 23.9% from the year-ago quarter. Net income stood at $281.6 million or $1.68 per share, compared to $154.4 million or 94 cents per share in year-ago quarter. For the period ending March 31, 2011, the company reported 24% increase in total orders with highest contribution from the Aerospace segment (44%) followed by the Industrial International Segment (22%).

On June 3, 2011, Parker's board of directors increased regular quarterly cash dividend to 37 cents per share, representing a 16% increase from the previous quarterly dividend of 32 cents per share. For full year 2011, the company has raised its earnings per share guidance range to $6.20 to $6.40 per diluted share from the earlier range of $5.82 to $6.20 per share.

Of the 19 analysts covering the stock, 63% recommend a buy and the remaining rate a hold. There are no sell ratings on the stock. Analysts polled by Bloomberg expect the stock to gain an average 24.2% to $108.25 in the upcoming 12 months.
2 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
CAT $75.66 0.00%
DE $82.39 0.00%
ITW $84.82 0.00%
KMT $28.64 0.00%
PCAR $59.58 0.00%

Markets

Chart of I:DJI
DOW 16,654.77 +369.26 2.27%
S&P 500 1,987.66 +47.15 2.43%
NASDAQ 4,812.7080 +115.1720 2.45%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs