CLEVELAND, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today reported results for the quarter ended September 30, 2024, that included the following highlights (compared with the prior year quarter): Fiscal 2025 First Quarter Highlights: Sales increased 1.2% to $4.9 billion; Organic sales growth was 1.4%Net income was $698 million, an increase of 7%, or $810 million adjusted, an increase of 4%EPS were $5.34, an increase of 7% ...

Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying stocks that can fulfill this potential is challenging [1] Group 1: Company Overview - Parker-Hannifin (PH) is identified as a promising growth stock with a favorable Growth Score and a top Zacks Rank [2] - The company specializes in motion and control products, making it a strong candidate for growth investment [3] Group 2: Earnings Growth - Parker-Hannifin has a historical EPS growth rate of 21.5%, with projected EPS growth of 4.9% this year, surpassing the industry average of 3.7% [4] - Earnings growth is crucial for investors, particularly double-digit growth, which indicates strong prospects [3] Group 3: Cash Flow Growth - The company exhibits a year-over-year cash flow growth of 17.3%, significantly higher than the industry average of 9.9% [5] - Historical cash flow growth has been annualized at 16.3% over the past 3-5 years, compared to the industry average of 8% [6] Group 4: Earnings Estimate Revisions - There have been upward revisions in current-year earnings estimates for Parker-Hannifin, with the Zacks Consensus Estimate increasing by 0.1% over the past month [8] - Positive trends in earnings estimate revisions correlate strongly with near-term stock price movements, indicating favorable conditions for the stock [7] Group 5: Investment Positioning - Parker-Hannifin holds a Growth Score of B and a Zacks Rank of 2, positioning it well for potential outperformance in the growth stock category [8][9]

Company Overview - Parker-Hannifin currently holds a Momentum Style Score of A, indicating strong potential for momentum investing [1] - The company has a Zacks Rank of 2 (Buy), which is part of a stock rating system known for its outperformance [2] Price Performance - Over the past week, Parker-Hannifin shares increased by 1.03%, outperforming the Zacks Manufacturing - General Industrial industry, which rose by 0.84% [3] - The monthly price change for Parker-Hannifin is 4.67%, compared to the industry's performance of 3.52% [3] - In the last quarter, shares of Parker-Hannifin have risen by 20.45%, and over the past year, they are up 68.21%, while the S&P 500 has only moved 3.41% and 35.3%, respectively [3] Trading Volume - The average 20-day trading volume for Parker-Hannifin is 530,389 shares, which serves as a bullish indicator when combined with rising stock prices [3] Earnings Outlook - In the past two months, five earnings estimates for Parker-Hannifin have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from $26.57 to $26.68 [4] - For the next fiscal year, three estimates have also moved upwards with no downward revisions [4] Conclusion - Given the strong price performance, positive earnings outlook, and high Momentum Style Score, Parker-Hannifin is positioned as a solid momentum pick for investors [4]

Core Viewpoint - Investors are seeking growth stocks that demonstrate above-average growth potential, with Parker-Hannifin identified as a strong candidate due to its favorable growth metrics and Zacks Rank [2][10]. Group 1: Earnings Growth - Parker-Hannifin has a historical EPS growth rate of 21.5%, with projected EPS growth of 4.7% for the current year, surpassing the industry average of 4.5% [5]. - Double-digit earnings growth is preferred by growth investors as it indicates strong future prospects [4]. Group 2: Cash Flow Growth - The company exhibits a year-over-year cash flow growth of 17.3%, significantly higher than the industry average of 10.2% [6]. - Historical annualized cash flow growth for Parker-Hannifin stands at 16.3% over the past 3-5 years, compared to the industry average of 8.4% [7]. Group 3: Earnings Estimate Revisions - Current-year earnings estimates for Parker-Hannifin have been revised upward, with the Zacks Consensus Estimate increasing by 0.1% over the past month [9]. - Positive trends in earnings estimate revisions correlate strongly with near-term stock price movements, indicating potential for price appreciation [8]. Group 4: Overall Assessment - Parker-Hannifin holds a Zacks Rank of 2 (Buy) and a Growth Score of B, reflecting its strong growth characteristics and potential as a solid choice for growth investors [10][11].

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Parker-Hannifin (PH) . This company, which is in the Zacks Manufacturing - General Industrial industry, shows potential for another earnings beat. This maker of motion and control products has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the las ...

Company Performance - Parker-Hannifin has gained approximately 36.9% year-to-date, outperforming the average gain of 14% for Industrial Products stocks [4] - The Zacks Consensus Estimate for Parker-Hannifin's full-year earnings has increased by 1.2% over the past 90 days, indicating improved analyst sentiment and a stronger earnings outlook [3] Industry Context - Parker-Hannifin is part of the Manufacturing - General Industrial industry, which consists of 42 companies and currently ranks 163 in the Zacks Industry Rank, with an average gain of 11.6% this year [5] - The Industrial Products group, which includes Parker-Hannifin, is ranked 12 within the Zacks Sector Rank, which encompasses 16 different groups [2] Comparison with Peers - Clear Secure, another stock in the Industrial Products sector, has seen a year-to-date increase of 50.9% and has a Zacks Rank of 1 (Strong Buy) [4][5] - The Security and Safety Services industry, which includes Clear Secure, has gained 26.1% since the beginning of the year and is ranked 145 [6]

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Whi ...

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Have you been paying attention to shares of Parker-Hannifin (PH) ? Shares have been on the move with the stock up 5.8% over the past month. The stock hit a new 52-week high of $629.18 in the previous session. Parker-Hannifin has gained 35% since the start of the year compared to the 12.2% move for the Zacks Industrial Products sector and the 10.7% return for the Zacks Manufacturing - General Industrial industry. What's Driving the Outperformance? The stock has a great record of positive earnings surprises, ...

I wrote a piece on Parker-Hannifin (NYSE: PH ) at the start of the year where I outlined a high conviction idea of mine in the industrial sector, with a growing presence in aerospace. Since then, shares I'm an insurance Case Manager with a deep interest in investing. My investment philosophy is all about buying high quality stocks and great businesses. My favorite businesses are those led by disciplined capital allocators, earn exceptional returns on capital, and can compound their invested capital over lon ...