Parker Hannifin Corp

PH: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$137.00	Vnfkl	Chhtpwls

Parker Earnings: Superb Aerospace Momentum Prompts Us to Raise Fair Value by 7%

Joshua Aguilar

Nov 2, 2023

Parker Hannifin put forth a stellar fiscal first-quarter earnings report. The narrow-moat-rated firm crushed both our prior sales and earnings estimates. Consequently, we raised our fair value estimate by 7% to $411. That said, the stock still doesn’t strike us as a bargain.

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