Parker-HannifinPH
Market Cap: $73.5B
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 Q2 SEC filings by fund managers ($100M+ AUM)
63% more call options, than puts
Call options by funds: $322M | Put options by funds: $197M
16% more repeat investments, than reductions
Existing positions increased: 555 | Existing positions reduced: 478
10% more first-time investments, than exits
New positions opened: 138 | Existing positions closed: 125
1% more funds holding
Funds holding: 1,397 [Q1] → 1,410 (+13) [Q2]
0.87% less ownership
Funds ownership: 82.83% [Q1] → 81.96% (-0.87%) [Q2]
10% less capital invested
Capital invested by funds: $58.9B [Q1] → $53.3B (-$5.66B) [Q2]
27% less funds holding in top 10
Funds holding in top 10: 41 [Q1] → 30 (-11) [Q2]
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
Raymond James Tim Thein 71% 1-year accuracy 5 / 7 met price target | 14%upside $650 | Outperform Maintained | 4 Sept 2024 |
Evercore ISI Group David Raso 31% 1-year accuracy 4 / 13 met price target | 15%upside $656 | Outperform Maintained | 19 Aug 2024 |
Deutsche Bank Nicole Deblase 58% 1-year accuracy 7 / 12 met price target | 13%upside $645 | Buy Maintained | 9 Aug 2024 |
Wells Fargo Joseph O'Dea 56% 1-year accuracy 14 / 25 met price target | 12%upside $640 | Overweight Maintained | 9 Aug 2024 |
Truist Securities Jamie Cook 62% 1-year accuracy 29 / 47 met price target | 18%upside $673 | Buy Reiterated | 9 Aug 2024 |
Financial journalist opinion
Based on 15 articles about PH published over the past 30 days