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Parker Hannifin Corporation



) 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:

Fuelcell Energy



), down 14.6%,

GrafTech International



), down 8.5%,

China Recycling Energy Corporation



), down 6.9% and

Arotech Corporation



), down 6.4%.

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

as a


. 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.

On the positive front,

China Advanced Construction Materials Group



), up 50.3%,

THT Heat Transfer Technology



), up 11.2%,

Capstone Turbine Corporation



), up 8.8% and

Cleantech Solutions International



), up 7.1% , were all gainers within the industrial goods sector with

McDermott International



) being today's featured industrial goods sector leader.

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



) while those bearish on the industrial goods sector could consider

ProShares Short Dow 30




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