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Parker Hannifin Corp PH Stock Quote

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Morningstar‘s Stock Analysis PH

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Is it the right time to buy or sell?

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Stellar Performance From Parker Hannifin in Fiscal Q4; Conservative Guidance Causes Us to Hold FVE

Joshua Aguilar Senior Analyst

Analyst Note

| Joshua Aguilar |

While we made some tweaks as we rolled our model following narrow-moat-rated Parker Hannifin’s fiscal fourth quarter and full-year results, we see no reason to change our $325 fair value estimate. The company smashed through the high end of FactSet consensus estimates on multiple counts, including revenue, adjusted operating margins, and adjusted EPS, with broad-based, solid performance and unexpected upside in all segments.

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Key Statistics PH

Company Profile PH

Business Description

Parker Hannifin is an industrial conglomerate operating two segments: diversified industrial, which serves a variety of end markets, and aerospace systems, which sells engine and actuation components. The diversified industrial segment consists of six groups, including engineered materials (sealing devices), filtration (filters and systems monitoring and removing contaminants from liquids and gases), fluid connectors (valves, couplings, and other fittings), instrumentation (flow manufacturing components and fluid control applications), and motion systems (hydraulic, pneumatic, and electromechanical components in industrial machinery and equipment). The segment boasts 15,500 independent distributors, and about 40% of its business occurs outside the United States.

6035 Parkland Boulevard
Cleveland, OH, 44124-4141
T +1 216 896-3000
Industry Specialty Industrial Machinery
Most Recent Earnings Mar 31, 2022
Fiscal Year End Jun 30, 2022
Stock Type Cyclical
Employees 54,640

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