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

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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 0.7%. By the end of trading, Parker Hannifin Corporation fell $1.40 (-1.1%) to $125.85 on average volume. Throughout the day, 903,916 shares of Parker Hannifin Corporation exchanged hands as compared to its average daily volume of 969,600 shares. The stock ranged in price between $125.84-$128.16 after having opened the day at $127.77 as compared to the previous trading day's close of $127.25. Other companies within the Industrial Goods sector that declined today were: PMFG ( PMFG), down 8.4%, NCI Building Systems ( NCS), down 6.5%, Metalico ( MEA), down 6.2% and Shiloh Industries ( SHLO), down 6.2%.

Parker-Hannifin Corporation manufactures motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. Parker Hannifin Corporation has a market cap of $19.0 billion and is part of the industrial industry. The company has a P/E ratio of 20.2, above the S&P 500 P/E ratio of 17.7. Shares are down 1.1% year to date as of the close of trading on Friday. Currently there are 9 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, Altair Nanotechnologies ( ALTI), up 21.4%, Astrotech Corporation ( ASTC), up 12.2%, Ocean Power Technologies ( OPTT), up 11.3% and Tecnoglass ( TGLS), up 9.6% , were all gainers within the industrial goods sector with Huntington Ingalls Industries ( HII) 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).

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