3. As of noon trading, Parker Hannifin Corporation ( PH) is up $1.50 (1.9%) to $78.95 on heavy volume Thus far, 1.2 million shares of Parker Hannifin Corporation exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $78.42-$79.81 after having opened the day at $78.72 as compared to the previous trading day's close of $77.45.

Parker Hannifin Corporation manufactures fluid power systems, electromechanical controls, and related components worldwide. Parker Hannifin Corporation has a market cap of $12.0 billion and is part of the industrial industry. The company has a P/E ratio of 11.3, below the S&P 500 P/E ratio of 17.7. Shares are up 1.6% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Parker Hannifin Corporation a buy, 1 analyst rates it a sell, and 5 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 largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Parker Hannifin Corporation Ratings Report now.

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