Parker-Hannifin Just Made Another Big Move
Parker-Hannifin Corporation is pursuing aggressive growth through acquisitions, recently completing significant deals worth $9.25 billion and $2.55 billion. The company reported a 7.8% year-over-year revenue increase, although net profits saw a decline. Despite strong operational performance, the stock is rated as a 'Hold' due to its premium valuation compared to peers.
- ▪Parker-Hannifin completed acquisitions of the Filtration Group for $9.25 billion and CIRCOR Aerospace for $2.55 billion.
- ▪The company achieved a 7.8% revenue growth year-over-year, driven by its Aerospace Systems and Diversified Industrial segments.
- ▪Management projects a revenue growth of 7% and adjusted EPS between $27.10 and $31.20.
Opening excerpt (first ~120 words) tap to expand
{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://seekingalpha.com/"},{"@type":"ListItem","position":2,"name":"Industrial ","item":"https://seekingalpha.com/stock-ideas/industrial-goods"}]}{"@context":"https://schema.org","@type":"NewsArticle","mainEntityOfPage":{"@type":"WebPage","@id":"https://seekingalpha.com/article/4907808-parker-hannifin-corporation-just-made-another-big-move"},"author":{"@type":"Person","name":"Daniel Jones","url":"https://seekingalpha.com/author/daniel-jones"},"publisher":{"@context":"http://schema.org","@type":"Organization","address":{"@type":"PostalAddress","streetAddress":"244 5th Ave","addressLocality":"New…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Seeking Alpha.
Discussion
0 commentsMore from Seeking Alpha
