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

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 industry higher today making it today's featured industrial winner. The industry as a whole closed the day up 0.8%. By the end of trading, Parker Hannifin Corporation rose $1.93 (2.0%) to $99.86 on average volume. Throughout the day, 965,874 shares of Parker Hannifin Corporation exchanged hands as compared to its average daily volume of 1,165,800 shares. The stock ranged in a price between $97.74-$100.43 after having opened the day at $98.20 as compared to the previous trading day's close of $97.93. Other companies within the Industrial industry that increased today were: Magnetek ( MAG), up 12.7%, Broadwind Energy ( BWEN), up 8.9%, China Ming Yang Wind Power Group ( MY), up 8.9% and Capstone Turbine Corporation ( CPST), up 7.0%.
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Parker Hannifin Corporation manufactures fluid power systems, electromechanical controls, and related components worldwide. Parker Hannifin Corporation has a market cap of $14.7 billion and is part of the industrial goods sector. The company has a P/E ratio of 15.3, below the S&P 500 P/E ratio of 17.7. Shares are up 15.6% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Parker Hannifin Corporation a buy, no analysts rate 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 shows weak operating cash flow.

On the negative front, Arotech Corporation ( ARTX), down 14.8%, Ballard Power Systems ( BLDP), down 12.9%, Cleantech Solutions International ( CLNT), down 8.5% and Tower International ( TOWR), down 5.0%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider SPDR Dow Jones Industrial Average ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).

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