Walmart's New Health Food Push: Is It Too Hard to Swallow?
Bonds Are a 'Safe' Investment: A Big Lie Gets Even BiggerParker Hannifin Corporation (NYSE: PH) manufactures
fluid power systems, electromechanical controls and related components. Its Industrial unit offers hydraulic systems, filters, sealing devices, pneumatic components and electromechanical instrumentation to OEMs in various production and processing industries. The firm's Aerospace segment provides hydraulic, fuel, and pneumatic systems used in commercial and military airframe and engine programs. The Climate and Industrial Controls division makes refrigeration and air conditioning systems. The company employs more than 57,000 people in 43 countries around the world. Eaton Corporation (NYSE: ETN) and Honeywell International (NYSE: HON) are competitors.
Investors were pleased last week, when the firm reported fiscal Q3 EPS of $1.49 and revenues of $3.18 billion. Analysts had been looking for $1.34 and $3 billion. Management pointed to growth in many key markets, including aerospace. The firm also guided FY08 EPS to $5.40-$5.60, versus consensus of $5.28.
The announcement
popped PH shares out of an early April "cup" into the late April "handle" of a Cup & Handle formation. The price is now showing signs of completing the pattern with a bullish rise from the right-hand side of the "handle".
Brokers recommend the shares with three "strong buys", two "buys" and eleven "holds". Analysts see a 19% average annual growth rate, through the next five years. The PH P/E ratio (15.12), Price to Sales ratio (1.15), Price to Book ratio (2.62), Price to Cash Flow ratio (11.05), Price to Free Cash Flow ratio (15.06), EPS Growth rate (29.57%), Return on Assets (9.98%) and Return on Investment (13.12%) compare favorably with industry, sector and S&P 500 averages. Institutions own about 84% of the outstanding shares. The stock is one of those used to calculate the S&P 500 Index. Over the past 52 weeks, it has traded between $58.10 and $86.56. A stop-loss of $69.20 looks good here.
Larry Schutts is a contributing editor for Theflyonthewall.com and the Vice-President of Stockwinners.com. He does not hold positions in any of the stocks mentioned above.
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
Reader Comments (Page 1 of 1)
6-21-2008 @ 4:40PM
hman said...
www.hydraulic-china.com
China Hman Machinery Factory professional manufacturer hydraulic power pack/unit, hydraulic cylinder,cylinder rod,cylinder tube, linear actuator,actuator for solar tracker,satellite actuator for plasma lcd tv lift, penumatic linear actuator for medical bed, die casting, hydrauliv valve and manifold,
Our hydraulic power pack widely used in our lifting equipment, agricultural machine, medical machine, marine equipment, off shore, dock leveler, car tailgate, scissor lift, etc. We are also strong in OEM project with our innovative engineers and specialized machineries. We passed CE, UL.
We make a wide range of hydraulic cylinders, tie rod hydraulic cylinders, welded hydraulic cylinders, custom hydraulic cylinders and hydraulic power units.
Our hydraulic cylinders are used for material handling equipment, on-highway trucks, ground care equipment, aerial lifts, forestry equipment, trash compactors, recycling boilers, agricultural equipment, construction equipment, log splitters, forklifts, trailers and many other fields.
our linear actuator widely used in lifting equipment, agricultural machine, medical machine, marine equipment,fitness equipment ,solar tracker, satellite, etc.
we also export large quantity hydraulic fitting, hydraulic hose, centridge valves, hydraulic pump, etc.
Also our cofa valve series is good quality as sun hydraulics.
Our manifold and casting can make based on your drawing by our CNC equipment.
Detailed info pls contact us directly
China Hman Machinery FActory
www.hydraulic-china.com
email: may.fossil@gmail.com
email: sales@hydraulic-china.com
skype: oumeico