It's not too much of a stretch to say that Parker Hannifin (NYSE:PH)
makes industry move. Although the company doesn't give much in the way
of end-market breakouts, hydraulics, seals, valves, and connectors are
vital to a host of markets ranging from vehicles to energy to basic
machinery, and Parker counts customers as diverse as Caterpillar (NYSE:CAT) and McDonald's (NYSE:MCD) in its roster.
Orders haven't been very good for a while now, and that has basically
mirrored the malaise in the wider industrial market. Although Parker's
fiscal fourth quarter performance was not very strong (and guidance
likely disappointed many investors), flat orders and management's
commentary about signs that the economy is bottoming could make this a
stock to watch again.
Keep reading here:
http://www.investopedia.com/stock-analysis/080713/parker-hannifin-skids-conditions-may-be-bottoming-ph-etn-cat.aspx
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