5 Stocks Improving Performance Of The Industrial Industry

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 36 points (0.3%) at 14,562 as of Thursday, March 28, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,626 issues advancing vs. 1,256 declining with 162 unchanged.

The Industrial industry currently is unchanged today versus the S&P 500, which is up 0.2%. Top gainers within the industry include AGCO ( AGCO), up 1.5%, Pentair ( PNR), up 1.0%, Rockwell Automation Incorporated ( ROK), up 0.8%, Flowserve Corporation ( FLS), up 0.7% and Kubota Corporation ( KUB), up 0.4%.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry higher today:

5. Parker Hannifin Corporation ( PH) is one of the companies pushing the Industrial industry higher today. As of noon trading, Parker Hannifin Corporation is up $0.69 (0.8%) to $90.84 on light volume Thus far, 394,636 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 $89.67-$91.33 after having opened the day at $90.27 as compared to the previous trading day's close of $90.15.

Parker Hannifin Corporation manufactures fluid power systems, electromechanical controls, and related components worldwide. Parker Hannifin Corporation has a market cap of $13.5 billion and is part of the industrial goods sector. The company has a P/E ratio of 13.4, below the S&P 500 P/E ratio of 17.7. Shares are up 6.0% year to date as of the close of trading on Wednesday. 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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