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
) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole closed the day up 0.3%. By the end of trading, Parker Hannifin Corporation rose $1.44 (1.9%) to $77.58 on average volume. Throughout the day, 1.5 million shares of Parker Hannifin Corporation exchanged hands as compared to its average daily volume of 1.4 million shares. The stock ranged in a price between $77.05-$78.20 after having opened the day at $77.33 as compared to the previous trading day's close of $76.14. Other companies within the Industrial Goods sector that increased today were:
), up 23.1%,
), up 20.1%,
), up 14.6%, and
), up 11.5%.
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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 $11.45 billion and is part of the industrial industry. The company has a P/E ratio of 10.8, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 0.1% year to date as of the close of trading on Wednesday. Currently there are five analysts that rate Parker Hannifin Corporation a buy, one analyst rates it a sell, and five 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 growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Parker Hannifin Ratings Report.
On the negative front,
), down 30.2%,
), down 9.3%,
), down 9.1%, and
), down 8.2%, were all laggards within the industrial goods sector with
) being today's industrial goods sector laggard.
- 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
- Find other investment ideas from our top rated ETFs lists.
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