Parker Hannifin Corporation (NYSE:PH) hit a new 52-week high Friday as it is currently trading at $99.24, above its previous 52-week high of $98.15 with 198,378 shares traded as of 10:05 a.m. ET. Average volume has been 1.2 million shares over the past 30 days.
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. NEW YORK ( TheStreet) -- Parker Hannifin Corporation (NYSE: PH) hit a new 52-week high Friday as it is currently trading at $99.24, above its previous 52-week high of $98.15 with 198,378 shares traded as of 10:05 a.m. ET. Average volume has been 1.2 million shares over the past 30 days. Parker Hannifin has a market cap of $14.6 billion and is part of the industrial goods sector and industrial industry. Shares are up 14.7% year to date as of the close of trading on Thursday. Parker Hannifin Corporation manufactures fluid power systems, electromechanical controls, and related components worldwide. The company has a P/E ratio of 15.2, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Parker Hannifin 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 shows weak operating cash flow. You can view the full Parker Hannifin Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. 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.