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 Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day down 0.3%. By the end of trading, Parker Hannifin Corporation fell $1.74 (-1.4%) to $127.43 on heavy volume. Throughout the day, 1,528,914 shares of Parker Hannifin Corporation exchanged hands as compared to its average daily volume of 899,700 shares. The stock ranged in price between $127.32-$129.40 after having opened the day at $129.25 as compared to the previous trading day's close of $129.17. Other companies within the Industrial Goods sector that declined today were:
), down 14.6%,
), down 8.5%,
), down 6.9% and
), down 6.4%.
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Parker-Hannifin Corporation manufactures motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. Parker Hannifin Corporation has a market cap of $19.2 billion and is part of the industrial industry. The company has a P/E ratio of 20.5, above the S&P 500 P/E ratio of 17.7. Shares are up 0.4% year to date as of the close of trading on Thursday. Currently there are 9 analysts that rate Parker Hannifin Corporation a buy, 1 analyst rates it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Parker Hannifin Corporation
. 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, reasonable valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
- You can view the full Parker Hannifin Corporation Ratings Report.
On the positive front,
), up 50.3%,
), up 11.2%,
), up 8.8% and
), up 7.1% , were all gainers within the industrial goods sector with
) being today's featured industrial goods sector leader.
- Use our industrial goods section to find sector-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 goods sector could consider
) while those bearish on the industrial goods sector could consider
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