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

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Parker Hannifin Corporation ( PH) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole was unchanged today. By the end of trading, Parker Hannifin Corporation fell $1.55 (-1.4%) to $105.24 on average volume. Throughout the day, 1,028,204 shares of Parker Hannifin Corporation exchanged hands as compared to its average daily volume of 1,023,400 shares. The stock ranged in price between $104.19-$105.39 after having opened the day at $105.38 as compared to the previous trading day's close of $106.79. Other companies within the Industrial industry that declined today were: ZBB Energy Corporation ( ZBB), down 11.6%, MRC Global ( MRC), down 11.0%, Global-Tech Advanced Innovations ( GAI), down 8.3% and Cleantech Solutions International ( CLNT), down 6.5%.

Parker Hannifin Corporation manufactures fluid power systems, electromechanical controls, and related components worldwide. Parker Hannifin Corporation has a market cap of $15.4 billion and is part of the industrial goods sector. Shares are up 25.5% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate Parker Hannifin Corporation a buy, no analysts rate it a sell, and 7 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 solid stock price performance, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, China Recycling Energy Corporation ( CREG), up 14.0%, Euro Tech Holdings Company ( CLWT), up 11.5%, Arotech Corporation ( ARTX), up 6.3% and Dixie Group ( DXYN), up 6.2% , were all gainers within the industrial industry with Mohawk Industries ( MHK) being today's featured industrial industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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