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

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 ( PH) pushed the Industrial industry higher today making it today's featured industrial winner. The industry as a whole closed the day down 0.2%. By the end of trading, Parker Hannifin Corporation rose $1.14 (1.4%) to $84.41 on light volume. Throughout the day, 706,387 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 $83.71-$84.98 after having opened the day at $84.10 as compared to the previous trading day's close of $83.27. Other companies within the Industrial industry that increased today were: CUI Global ( CUI), up 12.5%, Edwards Group ( EVAC), up 10.6%, Clean Diesel Technologies ( CDTI), up 7.3%, and Highpower International ( HPJ), up 5.7%.
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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 $12.46 billion and is part of the industrial goods sector. The company has a P/E ratio of 11.2, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 9.2% year to date as of the close of trading on Thursday. 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 solid stock price performance, growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins.

On the negative front, China Development Group Corporation ( CTDC), down 13.1%, ZBB Energy Corporation ( ZBB), down 10.9%, Wowjoint Holdings ( BWOW), down 10%, and China Valves Technology ( CVVT), down 8.7%, were all laggards within the industrial industry with Gardner Denver ( GDI) 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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