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

Parker Hannifin Corporation was a leading decliner within the industrial industry, falling 91 cents (-1.1%) to $78.23 on light volume.
By TheStreet Wire ,

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

.

Parker Hannifin Corporation

(

PH

) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day down 0.9%. By the end of trading, Parker Hannifin Corporation fell 91 cents (-1.1%) to $78.23 on light volume. Throughout the day, one million shares of Parker Hannifin Corporation exchanged hands as compared to its average daily volume of 1.4 million shares. The stock ranged in price between $78.03-$79.62 after having opened the day at $78.17 as compared to the previous trading day's close of $79.14. Other companies within the Industrial industry that declined today were:

China Valves Technology

(

CVVT

), down 23.3%,

NF Energy Saving

(

NFEC

), down 22.4%,

Ecotality

(

ECTY

), down 18.2%, and

Clean Diesel Technologies

(

CDTI

), down 15.8%.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Parker Hannifin Corporation manufactures fluid power systems, electromechanical controls, and related components worldwide. Parker Hannifin Corporation has a market cap of $11.8 billion and is part of the industrial goods sector. The company has a P/E ratio of 11.1, below the S&P 500 P/E ratio of 17.7. Shares are up 3.8% year to date as of the close of trading on Monday. Currently there are six analysts that rate Parker Hannifin Corporation a buy, one analyst rates it a sell, and four 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 largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front,

Cleantech Solutions International

(

CLNT

), up 12.2%,

UQM Technologies

(

UQM

), up 12.1%,

Intellicheck Mobilisa

(

IDN

), up 6.3%, and

Alamo Group

(

ALG

), up 5%, were all gainers within the industrial industry with

Stanley Black & Decker

(

SWK

) being today's featured industrial industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider

SPDR Dow Jones Industrial Average

(

DIA

) while those bearish on the industrial industry could consider

ProShares UltraShort Industrials

(

SIJ

).

FREE for a limited time only: Get TheStreet Ratings #1 Stock Report NOW!

.

null

Loading ...