3 Stocks That Are Filling Up the Piggy Bank

Overflowing piles of cash mean these companies could return much more value to shareholders

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Parker-Hannifin

ParkerHannifin185 3 Stocks That Are Filling Up the Piggy BankCash: $1.78 billion
1-Year Growth Rate: 113%
Cash Relative to Market Cap: 11.2%
1-Year Total Return: 26.8%

Parker-Hannifin (PH) manufactures motion and control components for a range of industries, from aerospace to climate control.

One thing PH always gets praised for is a long history of strong, positive cash flow — and having little financial leverage. Furthermore, Parker-Hannifin is going to have to hike its dividend if it hopes to get back to a more normal level. Currently, the yield on the dividend stands at 1.6%, but the five-year average yield is 2%.


Article printed from InvestorPlace Media, http://investorplace.com/2013/09/3-companies-socking-away-the-cash/.

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