For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? The Z ...

Devrimb/iStock via Getty Images Introduction In prior articles, I have written we're in a highly challenging market environment. One major reason is mixed economic numbers. On the one hand, we're dealing with increasing unemployment, poor consumer sentiment, and declining manufacturing sentiment. On the other hand, secular growth like aggressive investments in economic re-shoring, the artificial intelligence boom, and the outlook of lower interest rates are reasons to be optimistic. With that said, one impo ...

Parker-Hannifin Corporation (PH) has been benefiting from steady demand across its end markets. Handsome rewards to shareholders add to its appeal. PH currently carries a Zacks Rank #3 (Hold). Shares of the company have gained 47.3% in the past year compared with the industry's 22.5% growth. Image Source: Zacks Investment Research Let us discuss the factors that should influence investors to retain the stock for the time being. Growth Catalysts Business Strength: Steady demand across end markets and higher ...

CLEVELAND, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that its Board of Directors has declared a regular quarterly cash dividend of $1.63 per share of common stock to shareholders of record as of August 28, 2024. The dividend is payable September 13, 2024. This is the company's 297th consecutive quarterly dividend. Parker has increased its annual dividends per share paid to shareholders for 68 consecutive fi ...

Core Insights - Zacks Premium offers various tools for investors to enhance their stock market strategies and confidence in investing [1] - The Zacks Style Scores are designed to help investors identify stocks with the highest potential to outperform the market within a 30-day timeframe [2] Zacks Style Scores Overview - The Style Scores categorize stocks into four main types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [3][4] - Value Score emphasizes finding undervalued stocks using financial ratios like P/E and Price/Sales [3] - Growth Score assesses a company's financial health and future growth potential based on earnings and sales projections [3] - Momentum Score identifies stocks with favorable price trends and earnings outlooks [4] - VGM Score combines all three styles to provide a comprehensive rating for stocks [4] Zacks Rank and Performance - The Zacks Rank is a proprietary model that leverages earnings estimate revisions to guide investors in stock selection [5] - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +25.41%, significantly outperforming the S&P 500 [6] - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal returns [7] Stock Example: Parker-Hannifin Corporation - Parker-Hannifin Corporation is a diversified manufacturer specializing in motion and control technologies, currently rated 3 (Hold) with a VGM Score of B [9] - The company is projected to experience a year-over-year earnings growth of 4.1% for the current fiscal year, supported by upward revisions in earnings estimates [10] - The Zacks Consensus Estimate for Parker-Hannifin's earnings has increased by $0.07 to $26.48 per share, with an average earnings surprise of 11.2% [10]

U.S. Congressional stock trading continues to remain a hot topic among the trading community, with many traders seeking to replicate success from politicians who potentially trade using insider information. Recently, Senator Markwayne Mullin from Oklahoma made headlines about his stock purchase, which seems suspiciously related to insider knowledge. On July 12, Senator Mullin reported purchasing Parker-Hannifin (NYSE: PH) stock, worth up to $50,000, and has risen as much as 6% since the June 12 purchase dat ...

Key Takeaways Parker-Hannifin shares were among the top gainers on the S&P 500 after the electronic equipment maker reported strong quarterly results. Demand in aerospace services helped the company beat sales and profit estimates, despite softness in diversified industrials. The earnings report wrapped up Parker-Hannifin's fiscal 2024, and the firm forecasts sustained organic sales growth in the year ahead. Shares of electronic equipment manufacturer Parker-Hannifin (PH) soared 11% Thursday after the elect ...

FY24 Performance Highlights - Parker Hannifin reported sales of $19.9 billion, a 4.5% increase, including 2.3% organic growth[4] - Adjusted segment operating margin reached 24.9%, a 200 bps increase[4] - Adjusted EPS grew by 18%[4] - Free cash flow was $3.0 billion, a 15% increase[4] - Aerospace Systems achieved $5.5 billion in sales, with 17% organic growth[6] Q4 FY24 Financial Summary - Sales were $5.187 billion, a 1.8% increase compared to the previous year[10] - Adjusted segment operating margin was 25.3%, a 130 bps increase year-over-year[10] - Adjusted EPS was $6.77, an 11.3% increase year-over-year[10] - The company achieved over $800 million in debt reduction during the quarter[13] FY25 Guidance - The company forecasts sales growth between 1.5% and 4.5%, with organic sales growth between 2% and 5%[15] - Adjusted EPS is projected to be between $26.30 and $27.00[15] - Free cash flow is expected to be between $3.0 billion and $3.3 billion[15] - Aerospace & Defense is expected to have High Single Digit (HSD) growth in FY25, while In-Plant & Industrial Equipment, Off-Highway Transportation, and Energy are expected to have Low Single Digit (LSD) growth[15] Debt Reduction - Since the Meggitt acquisition, the company has reduced debt by approximately $3.4 billion[13] - Net leverage was reduced to 2.0x[13]

For the quarter ended June 2024, Parker-Hannifin (PH) reported revenue of $5.19 billion, up 1.8% over the same period last year. EPS came in at $6.77, compared to $6.08 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $5.1 billion, representing a surprise of +1.76%. The company delivered an EPS surprise of +8.67%, with the consensus EPS estimate being $6.23. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street e ...

Parker-Hannifin (PH) came out with quarterly earnings of $6.77 per share, beating the Zacks Consensus Estimate of $6.23 per share. This compares to earnings of $6.08 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 8.67%. A quarter ago, it was expected that this maker of motion and control products would post earnings of $6.10 per share when it actually produced earnings of $6.51, delivering a surprise of 6.72%. Over the last ...