Investopedia: Parker Hannifin's Recent Run Has Taken Away The Value

Investors have been inconsistent in their approach to industrial companies since the election and the late 2012 slowdown in the economy. One of the winners has been Parker Hannifin (NYSE:PH), as investors have bid up the shares of this leading fluid power systems provider by more than 20% since their October lows. While Parker Hannifin is likely to remain a consistent, well-run industrial company, it's hard to find an attractive risk/reward balance at this time.

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