Why Parker-Hannifin (PH) Stock Is Falling Today

NEW YORK (TheStreet) -- Parker-Hannifin  (PH) was falling -5.3% to $108.98 Wednesday after missing analysts' estimates for the fiscal fourth quarter.

The company reported earnings of $2.06 a share for the fourth quarter, missing the Capital IQ Consensus Estimate of $2.10 a share by 4 cents. Revenue grew 2.8% from the year-ago quarter to $3.52 billion, below analysts' estimates of $3.57 billion.

Looking to fiscal 2015 Parker-Hannifin expects EPS of $7.25 to $8.05 a share, below analysts' expectations of $8.16 a share for the year.

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TheStreet Ratings team rates PARKER-HANNIFIN CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate PARKER-HANNIFIN CORP (PH) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. 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 and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

PH ChartPH data by YCharts

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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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