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

Parker Hannifin Corporation ( PH) pushed the Industrial industry higher today making it today's featured industrial winner. The industry as a whole was unchanged today. By the end of trading, Parker Hannifin Corporation rose $1.23 (1.5%) to $81.55 on light volume. Throughout the day, one 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 $80.83-$82.56 after having opened the day at $80.98 as compared to the previous trading day's close of $80.32. Other companies within the Industrial industry that increased today were: RTI International Metals ( RTI), up 13.1%, A123 Systems ( AONE), up 12.7%, Wowjoint Holdings ( BWOW), up 10.3%, and Mueller Water Products ( MWA), up 9.9%.

Parker Hannifin Corporation manufactures fluid power systems, electromechanical controls, and related components worldwide. Parker Hannifin Corporation has a market cap of $12.2 billion and is part of the industrial goods sector. The company has a P/E ratio of 11.1, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 5.9% year to date as of the close of trading on Tuesday. Currently there are five analysts that rate Parker Hannifin Corporation a buy, no analysts rate it a sell, and six 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, Polypore International ( PPO), down 13.8%, NF Energy Saving ( NFEC), down 10.4%, China Development Group Corporation ( CTDC), down 10%, and Dynamic Materials Corporation ( BOOM), down 6.2%, were all laggards within the industrial industry with Joy Global ( JOY) being today's industrial industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider SPDR Dow Jones Industrial Average ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).
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