Sun Hydraulics (SNHY) designs, manufactures and markets valves and manifolds for hydraulic systems including electrical and nonelectrical actuated valves, machined manifolds and custom valve and manifold assemblies for use in construction agriculture, mining, industrial and fire and rescue equipment.
The company has grown dividends and profits at a 15-25% pace over the past five years earning a 15-15% return on equity. SHNY’s business suffered dramatically in the recent recession; however, it has made a strong comeback which should continue as a result of:
(1) growth in global industrial capital expenditures,
(2) price increases,
(3) exposure to Germany, Korea, China and India.
