Parker Hannifin Corporation (PH): Today's Featured Industrial Goods Winner

Parker Hannifin Corporation ( PH) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole closed the day up 0.4%. By the end of trading, Parker Hannifin Corporation rose 90 cents (1.2%) to $73.88 on light volume. Throughout the day, 1.2 million shares of Parker Hannifin Corporation exchanged hands as compared to its average daily volume of 1.8 million shares. The stock ranged in a price between $72.37-$74.17 after having opened the day at $73.31 as compared to the previous trading day's close of $72.98. Other companies within the Industrial Goods sector that increased today were: Fuel Tech ( FTEK), up 17.9%, Nobility Homes ( NOBH), up 16%, China Development Group Corporation ( CTDC), up 11.8%, and Proto Labs ( PRLB), up 10.6%.

Parker Hannifin Corporation manufactures fluid power systems, electromechanical controls, and related components worldwide. Parker Hannifin Corporation has a market cap of $11.16 billion and is part of the industrial industry. The company has a P/E ratio of 10.2, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 4.3% year to date as of the close of trading on Monday. Currently there are six analysts that rate Parker Hannifin Corporation a buy, no analysts rate it a sell, and four rate it a hold.

TheStreet Ratings rates Parker Hannifin Corporation as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, 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.

On the negative front, Ecotality ( ECTY), down 10.3%, A123 Systems ( AONE), down 9.4%, Comstock ( CHCI), down 7.2%, and Ducommun ( DCO), down 6.1%, were all losers within the industrial goods sector with AGCO ( AGCO) being today's industrial goods sector loser.

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 ( XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 ( DOG).
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