Parker Hannifin Corp
PH: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$949.00 | Dlthvnw | Wbtwsxtb |
Stellar Performance From Parker Hannifin in Fiscal Q4; Conservative Guidance Causes Us to Hold FVE
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.