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Parker Hannifin Corporation (PH): Today's Featured Industrial Goods Winner

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 or Stephanie Link.

Parker Hannifin Corporation (PH) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole closed the day up 0.2%. By the end of trading, Parker Hannifin Corporation rose $1.85 (1.8%) to $105.99 on average volume. Throughout the day, 898,970 shares of Parker Hannifin Corporation exchanged hands as compared to its average daily volume of 1,069,300 shares. The stock ranged in a price between $103.70-$106.06 after having opened the day at $103.99 as compared to the previous trading day's close of $104.14. Other companies within the Industrial Goods sector that increased today were: China Valves Technology (CVVT), up 14.7%, Metalico (MEA), up 8.8%, Stratasys (SSYS), up 8.5% and ExOne (XONE), up 7.7%.

Parker Hannifin Corporation manufactures fluid power systems, electromechanical controls, and related components worldwide. Parker Hannifin Corporation has a market cap of $15.5 billion and is part of the industrial industry. Shares are up 22.4% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate Parker Hannifin Corporation a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Parker Hannifin Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins.

On the negative front, Ecotality (ECTY), down 79.1%, GreenHunter Resources (GRH), down 25.7%, China Recycling Energy Corporation (CREG), down 12.2% and India Globalization Capital (IGC), down 6.3% , were all laggards within the industrial goods sector with General Dynamics (GD) being today's industrial goods sector laggard.

For investors not wanting singular stock exposure, 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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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