Manufacturing sector stocks in Ohio
Ohio-based manufacturing sector stocks saw positive price changes last week, with several companies leading the way.
Parker-Hannifin Corp. (PH) saw a 2.2% increase (+$11.02) in its stock price. The Cleveland-based company, with a market cap of $67 billion, is a major player in the manufacturing industry.
Marathon Petroleum Corp. (MPC) also experienced a 2.2% rise (+$3.64) in its stock price. With a market cap of $64.5 billion, this Findlay-based company is a significant contributor to Ohio’s manufacturing sector.
Lincoln Electric Holdings (LECO) saw a slightly higher price increase of 2.3% (+$5.12). Based in Euclid, the company has a market cap of $13.2 billion.
Nordson Corp. (NDSN) reported a 2.7% price change (+$6.93) from its Westlake headquarters. With a market cap of $15.1 billion, Nordson is a notable player in the manufacturing sector.
Applied Industrial Technologies (AIT), part of the wholesale trade sector, saw a 2.7% price change (+$5.00). The Cleveland-based company, with a market cap of $7.3 billion, specializes in industrial automation and fluid power.
Eaton Corp. (ETN) experienced a 2.9% price increase (+$7.86). With a market cap of $111 billion, this Cleveland-based company is known for its expertise in electrical systems and components.
Retail trade sector
In the retail trade sector, Bath & Body Works Inc. (BBWI) saw a 2.9% price change (+$1.27) from its Columbus base. The company has a market cap of $10.1 billion.
Finance and insurance sector
In the finance and insurance sector, American Financial Group Inc. (AFG) had a 3.7% price change (+$4.37) from its Cincinnati headquarters. The company boasts a market cap of $10.3 billion.
Professional, scientific, and technical services sector
Medpace Holdings Inc. (MEDP) in Cincinnati, operating in the professional, scientific, and technical services sector, saw a significant increase of 10.4% (+$30.76). With a market cap of $10 billion, Medpace provides clinical research support to pharmaceutical and biotechnology companies.
Other notable stocks in Ohio
Lastly, Advanced Drainage Systems Inc. (WMS) led the pack with a remarkable 20% price change (+$26.99) from its Hilliard headquarters. With a market cap of $12.6 billion, the company is known for its innovative solutions in the manufacturing sector.
Overall, Ohio-based companies across various sectors experienced positive price changes throughout the week, indicating a healthy market performance.
Analyst comment
Positive news. Ohio-based companies in manufacturing, retail trade, finance, insurance, and professional services sectors saw positive price changes. The market is expected to continue performing well with increased stock prices for these companies.
