NEW YORK ( TheStreet) -- The ex-dividend date for Parker Hannifin Corporation (NYSE: PH) is tomorrow, February 6, 2014. Owners of shares as of market close today will be eligible for a dividend of 48 cents per share. At a price of $110.82 as of 9:50 a.m. ET, the dividend yield is 1.8%.

The average volume for Parker Hannifin has been 1.1 million shares per day over the past 30 days. Parker Hannifin has a market cap of $16.32 billion and is part of the industrial goods sector and industrial industry. Shares are down 13.8% year to date as of the close of trading on Tuesday.

Parker-Hannifin Corporation manufactures motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide.

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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 revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Parker Hannifin Ratings Report.

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