Parker Hannifin Corp

PH: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$911.00	Zkfjsgy	Xcgbyxnt

Parker Hannifin Earnings: Results Were Strong, 2025 Guidance Is Even Stronger

Spencer Liberman ,

Aug 9, 2024

Narrow-moat-rated Parker Hannifin ended its fiscal year with a solid fourth quarter, surpassing our expectations for both revenue and earnings. Full-year consolidated sales rose 4.5%, or 2.3% organically, to $19.9 billion. Additionally, adjusted earnings per share of $25.44 was 18% higher than the prior fiscal year, driven by robust growth and impressive margin expansion in the aerospace systems segment during the year. After reviewing full-year results, we moderately bumped up our long-term margin assumptions, and as a result, we have raised our fair value estimate to $446 per share from $431.

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