Parker-Hannifin is a leading global manufacturer and provider of motion and control technologies, offering a wide range of products and solutions that enhance the efficiency and reliability of various industrial applications
The company operates across multiple sectors, including aerospace, hydraulics, filtration, and automation, designing and producing components such as valves, pumps, and cylinders. Parker-Hannifin is committed to innovation and sustainability, working closely with customers to deliver integrated systems and tailored solutions that optimize performance and reduce environmental impact in diverse industries worldwide.
Shares of industrial machinery company Parker-Hannifin (NYSEPH)
jumped 6.2% in the morning session after the company reported strong fourth quarter results, which beat analysts' EPS expectations despite a revenue miss. Demand indicators improved, especially in the Aerospace segment, and overall order rate increased across the board. The company then reiterated its previous full-year EPS guidance, demonstrating a focus on balancing growth and profits. Overall, this was a decent quarter.
Industrial machinery company Parker-Hannifin (NYSEPH) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 1.6% year on year to $4.74 billion. Its non-GAAP profit of $6.53 per share was 4.9% above analysts’ consensus estimates.
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Since January 2020, the S&P 500 has delivered a total return of 82%. But one standout stock has more than doubled the market - over the past five years, Parker-Hannifin has surged 207% to $635 per share. Its momentum hasn’t stopped as it’s also gained 24.8% in the last six months, beating the S&P by 18.5%.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Donaldson (NYSEDCI) and the rest of the gas and liquid handling stocks fared in Q3.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how gas and liquid handling stocks fared in Q3, starting with Parker-Hannifin (NYSEPH).
