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

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 Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day down 0.6%. By the end of trading, Parker Hannifin Corporation fell $1.81 (-2.0%) to $88.74 on light volume. Throughout the day, 892,561 shares of Parker Hannifin Corporation exchanged hands as compared to its average daily volume of 1,195,100 shares. The stock ranged in price between $88.07-$91.12 after having opened the day at $90.66 as compared to the previous trading day's close of $90.55. Other companies within the Industrial Goods sector that declined today were: Exide Technologies ( XIDE), down 18.0%, China BAK Battery ( CBAK), down 9.5%, Simpson Manufacturing ( SSD), down 8.9% and Ecotality ( ECTY), down 8.4%.
  • EXCLUSIVE OFFER: Jim Cramer's Protege, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Parker Hannifin Corporation manufactures fluid power systems, electromechanical controls, and related components worldwide. Parker Hannifin Corporation has a market cap of $13.3 billion and is part of the industrial industry. The company has a P/E ratio of 13.2, below the S&P 500 P/E ratio of 17.7. Shares are up 6.5% year to date as of the close of trading on Thursday.

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, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, Intellicheck Mobilisa ( IDN), down 13.1%, JinkoSolar ( JKS), down 12.9%, PGT ( PGTI), down 10.1% and DR Horton ( DHI), down 8.7% , were all gainers within the industrial goods sector with Toll Brothers ( TOL) being today's featured industrial goods sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR ( XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 ( DOG).

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.