5 Stocks Pushing The Industrial Goods Sector Lower

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

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 22 points (-0.2%) at 14,429 as of Tuesday, March 19, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,094 issues advancing vs. 1,811 declining with 142 unchanged.

The Industrial Goods sector currently sits down 0.5% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the sector include Cemex S.A.B. de C.V ( CX), down 1.7%, AGCO ( AGCO), down 1.8%, Vulcan Materials Company ( VMC), down 1.6%, Caterpillar ( CAT), down 1.5% and Deere ( DE), down 1.4%. A company within the sector that increased today was Koninklijke Philips Electronics ( PHG), up 1.8%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector lower today:

5. Parker Hannifin Corporation ( PH) is one of the companies pushing the Industrial Goods sector lower today. As of noon trading, Parker Hannifin Corporation is down $1.24 (-1.3%) to $94.84 on light volume Thus far, 453,392 shares of Parker Hannifin Corporation exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $94.23-$96.46 after having opened the day at $96.27 as compared to the previous trading day's close of $96.08.

Parker Hannifin Corporation manufactures fluid power systems, electromechanical controls, and related components worldwide. Parker Hannifin Corporation has a market cap of $14.4 billion and is part of the industrial industry. The company has a P/E ratio of 14.3, below the S&P 500 P/E ratio of 17.7. Shares are up 13.0% year to date as of the close of trading on Monday. Currently there are 7 analysts that rate Parker Hannifin Corporation a buy, 1 analyst rates it a sell, and 4 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 reasonable valuation levels, good cash flow from operations, increase in stock price during the past year 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. Get the full Parker Hannifin Corporation Ratings Report now.

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