Parker-Hannifin
About: Parker Hannifin is an industrial conglomerate operating through two segments: diversified industrial, which serves a variety of end markets, and aerospace systems, which sells engine and actuation components. The diversified industrial segment consists of six groups, including engineered materials (sealing devices), filtration (filters and systems monitoring and removing contaminants from liquids and gases), fluid connectors (valves, couplings, and other fittings), instrumentation (flow manufacturing components and fluid control applications), and motion systems (hydraulic, pneumatic, and electromechanical components in industrial machinery and equipment). The segment boasts 17,100 independent distributors, and about 40% of its business occurs outside the United States.
Employees: 61,120
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
63% more call options, than puts
Call options by funds: $322M | Put options by funds: $198M
18% more first-time investments, than exits
New positions opened: 140 | Existing positions closed: 119
17% more repeat investments, than reductions
Existing positions increased: 559 | Existing positions reduced: 479
2% more funds holding
Funds holding: 1,398 [Q1] → 1,419 (+21) [Q2]
0.81% less ownership
Funds ownership: 82.81% [Q1] → 82.0% (-0.81%) [Q2]
10% less capital invested
Capital invested by funds: $58.9B [Q1] → $53.3B (-$5.63B) [Q2]
27% less funds holding in top 10
Funds holding in top 10: 41 [Q1] → 30 (-11) [Q2]
Research analyst outlook
13 Wall Street Analysts provided 1 year price targets over the past 3 months
13 analyst ratings
Keybanc Jeffrey Hammond 66% 1-year accuracy 23 / 35 met price target | 14%upside $725 | Overweight Maintained | 14 Oct 2024 |
Truist Securities Jamie Cook 83% 1-year accuracy 40 / 48 met price target | 24%upside $788 | Buy Maintained | 9 Oct 2024 |
Wells Fargo Joseph O'Dea 75% 1-year accuracy 21 / 28 met price target | 11%upside $710 | Overweight Maintained | 7 Oct 2024 |
Barclays Julian Mitchell 63% 1-year accuracy 36 / 57 met price target | 10%upside $703 | Overweight Maintained | 2 Oct 2024 |
Stifel Nathan Jones 84% 1-year accuracy 38 / 45 met price target | 8%upside $691 | Buy Maintained | 2 Oct 2024 |
Financial journalist opinion
Based on 13 articles about PH published over the past 30 days