Parker-Hannifin (PH)

• Market cap: $90B
• 1 day: 0.18%
• 5 days: -0.21%
• 1 month: 9.54%
• 3 months: 18.29%
• 6 months: 26.32%
• Year to date: 52.40%
• 1 year: 62.89%
• 5 years: 255.41%
• 10 years: 443.39%
• Sector: Consumer Discretionary
• Industry: Miscellaneous Fabricated Metal Products

About: Parker Hannifin is an industrial conglomerate operating through 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 17,100 independent distributors, and about 40% of its business occurs outside the United States.

Employees: 61,120

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

40% more first-time investments, than exits

New positions opened: 172 | Existing positions closed: 123

20% more capital invested

Capital invested by funds: $54.7B [Q2] → $65.5B (+$10.8B) [Q3]

17% more repeat investments, than reductions

Existing positions increased: 573 | Existing positions reduced: 490

13% more funds holding in top 10

Funds holding in top 10: 30 [Q2] → 34 (+4) [Q3]

3% more funds holding

Funds holding: 1,422 [Q2] → 1,471 (+49) [Q3]

7% less call options, than puts

Call options by funds: $387M | Put options by funds: $414M

2.68% less ownership

Funds ownership: 84.15% [Q2] → 81.47% (-2.68%) [Q3]

Research analyst outlook

13 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $520 26% downside
• Avg. target: $692 1% downside
• High target: $842 20% upside

13 analyst ratings

• positive: 11 85%
• neutral: 2 15%
• negative: 0 0%

UBS Amit Mehrotra 70% 1-year accuracy 7 / 10 met price target	20% upside $842	Buy Initiated	13 Nov 2024
TD Cowen Joseph Giordano 64% 1-year accuracy 16 / 25 met price target	18% downside $575	Hold Maintained	12 Nov 2024
Argus Research John Eade 84% 1-year accuracy 21 / 25 met price target	2% upside $710	Buy Maintained	5 Nov 2024
Baird Mircea Dobre 50% 1-year accuracy 8 / 16 met price target	2% upside $710	Outperform Maintained	1 Nov 2024
Mizuho Brett Linzey 97% 1-year accuracy 28 / 29 met price target	2% upside $715	Outperform Maintained	17 Oct 2024