Parker-Hannifin (PH)

• Market cap: $83.3B
• 1 day: 1.24%
• 5 days: -4.11%
• 1 month: -6.26%
• 3 months: 3.76%
• 6 months: 27.40%
• Year to date: 41.12%
• 1 year: 44.01%
• 5 years: 212.87%
• 10 years: 399.15%
• Sector: Consumer Discretionary
• Industry: Miscellaneous Fabricated Metal Products

About: Parker Hannifin started out in 1917 as Parker Appliance, selling pneumatic brakes. Through the acquisition of branded components, the firm has expanded into aerospace engines, agricultural and construction machinery, freight and passenger vehicles, and industrial automation equipment. Within these larger systems, Parker sells a wide array of small, critical pieces such as hydraulic, electromechanical, climate control, and filtration components. Many of its products are designed to work together, resulting in a high rate of cross-selling.

Employees: 61,120

Fund manager confidence

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

69% more first-time investments, than exits

New positions opened: 174 | Existing positions closed: 103

20% more capital invested

Capital invested by funds: $54.7B [Q2] → $65.7B (+$11B) [Q3]

17% more repeat investments, than reductions

Existing positions increased: 583 | Existing positions reduced: 499

13% more funds holding in top 10

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

5% more funds holding

Funds holding: 1,424 [Q2] → 1,495 (+71) [Q3]

7% less call options, than puts

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

2.75% less ownership

Funds ownership: 84.16% [Q2] → 81.4% (-2.75%) [Q3]

Research analyst outlook

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

• Low target: $575 11% downside
• Avg. target: $744 15% upside
• High target: $842 30% upside

11 analyst ratings

• positive: 9 82%
• neutral: 2 18%
• negative: 0 0%

Truist Securities Jamie Cook 71% 1-year accuracy 56 / 79 met price target	30% upside $842	Buy Maintained	19 Dec 2024
Jefferies Stephen Volkmann 20% 1-year accuracy 2 / 10 met price target	25% upside $810	Buy Maintained	6 Dec 2024
Barclays Julian Mitchell 61% 1-year accuracy 62 / 101 met price target	24% upside $800	Overweight Maintained	5 Dec 2024
Keybanc Jeffrey Hammond 54% 1-year accuracy 20 / 37 met price target	20% upside $775	Overweight Maintained	21 Nov 2024
Stifel Nathan Jones 65% 1-year accuracy 45 / 69 met price target	7% upside $691	Hold Downgraded	18 Nov 2024