Opening Glance: Machinery stocks fall in morning trading

Among the reports was one posted late Tuesday by Parker Hannifin Corp., which said its fiscal third-quarter profit rose 22 percent to beat Wall Street predictions. The motion control system maker also boosted its earnings prediction for the year above analyst views.

Parker Hannifin shares nevertheless fell $2.30, or 2.8 percent, to $78.76.

Here's how some other machinery stocks were doing in early trading:

Manitowoc Co., down 95 cents, or 2.5 percent at $36.97.

Terex Corp., down 19 cents to $70.04.

Cummins Inc., down 7 cents at $53.93.

Caterpillar Inc., down 19 cents at $81.82.

Deere & Co., down $1.27 at $90.63