Parker Hannifin Corporation (PH): Today's Featured Industrial 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.
(
) pushed the Industrial industry higher today making it today's featured industrial winner. The industry as a whole closed the day up 0.4%. By the end of trading, Parker Hannifin Corporation rose $1.28 (1.3%) to $101.05 on light volume. Throughout the day, 689,496 shares of Parker Hannifin Corporation exchanged hands as compared to its average daily volume of 1,095,400 shares. The stock ranged in a price between $99.78-$101.84 after having opened the day at $100.10 as compared to the previous trading day's close of $99.77. Other companies within the Industrial industry that increased today were:
(
), up 15.9%,
(
), up 7.1%,
(
), up 5.1% and
(
), up 4.1%.
Parker Hannifin Corporation manufactures fluid power systems, electromechanical controls, and related components worldwide. Parker Hannifin Corporation has a market cap of $14.9 billion and is part of the industrial goods sector. Shares are up 17.3% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Parker Hannifin Corporation a buy, no analysts rate it a sell, and 7 rate it a hold.
TheStreet Ratings rates
Parker Hannifin Corporation
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, 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 shows weak operating cash flow.
- You can view the full Parker Hannifin Corporation Ratings Report.
On the negative front,
American Electric Technologies
(
), down 14.2%,
(
), down 11.3%,
(
), down 9.2% and
Bonso Electronics International
(
), down 7.4%.
- Use our industrial section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
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
(
) while those bearish on the industrial industry could consider
ProShares UltraShort Industrials
(
).
- Find other investment ideas from our top rated ETFs lists.
null