Parker Hannifin Corp

PH: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$664.00	Pjjvst	Ddcxbgwf

Parker Hannifin Well Positioned Amid CEO Transition; Stock Still Discounted as We Maintain FVE

Joshua Aguilar

Nov 4, 2022

Narrow-moat-rated Parker Hannifin’s guide came in below our expectations on both the top and bottom lines, but we see no reason to alter our $325 fair value estimate. During the quarter, organic sales rose a resounding 14%, led by an 18% year-on-year increase from diversified industrials North America. On a reported basis, revenue rose to $4.23 billion, or 12.5% year on year. Furthermore, EPS rose by over 11% to $4.74.

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