NEW YORK (

TheStreet

) -- The ex-dividend date for

Parker Hannifin Corporation

(NYSE:

PH

) is tomorrow, February 8, 2012. Owners of shares as of market close today will be eligible for a dividend of 39 cents per share. At a price of $86.42 as of 9:30 a.m. ET, the dividend yield is 1.8%.

The average volume for Parker Hannifin has been 1.7 million shares per day over the past 30 days. Parker Hannifin has a market cap of $12.28 billion and is part of the

industrial goods

sector and

industrial

industry. Shares are up 13.7% year to date as of the close of trading on Monday.

Parker Hannifin Corporation manufactures fluid power systems, electromechanical controls, and related components worldwide. The company has a P/E ratio of 12.4, above the average industrial industry P/E ratio of 11.7 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Parker Hannifin as a

buy

. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, attractive valuation levels, notable return on equity 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. You can view the full

Parker Hannifin Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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