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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



) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day down 0.4%. By the end of trading, Parker Hannifin Corporation fell $1.10 (-1.2%) to $90.98 on average volume. Throughout the day, 1.1 million shares of Parker Hannifin Corporation exchanged hands as compared to its average daily volume of 1.2 million shares. The stock ranged in price between $90.33-$92.80 after having opened the day at $92.68 as compared to the previous trading day's close of $92.08. Other companies within the Industrial Goods sector that declined today were:




), down 13.9%,

China Valves Technology



), down 9.3%,




), down 8.5%, and

Broadwind Energy



), down 8.2%.

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Parker Hannifin Corporation manufactures fluid power systems, electromechanical controls, and related components worldwide. Parker Hannifin Corporation has a market cap of $14.17 billion and is part of the industrial industry. The company has a P/E ratio of 14.1, below the S&P 500 P/E ratio of 17.7. Shares are up 8.2% year to date as of the close of trading on Friday. Currently there are seven 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


. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front,

ZBB Energy Corporation



), up 16.7%,

Chicago Rivet & Machine



), up 8.8%,

Energy Recovery



), up 7.1%, and

Altair Nanotechnologies



), up 6.8%, were all gainers within the industrial goods sector with

KB Home



) 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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