Parker Hannifin Corp
PH: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$749.00 | Qmyztr | Sxvghrmg |
Parker Hannifin Well Positioned Amid CEO Transition; Stock Still Discounted as We Maintain FVE
Narrow-moat-rated Parker Hannifin’s guide came in below our expectations on both the top and bottom lines, but we see no reason to alter our $325 fair value estimate. During the quarter, organic sales rose a resounding 14%, led by an 18% year-on-year increase from diversified industrials North America. On a reported basis, revenue rose to $4.23 billion, or 12.5% year on year. Furthermore, EPS rose by over 11% to $4.74.