Here's Why Parker-Hannifin (PH) is a Strong Growth Stock

Core Viewpoint - Zacks Premium offers various tools and resources to help investors make informed decisions and maximize their stock market investments [1][2]. Group 1: Zacks Style Scores - Zacks Style Scores rate stocks based on value, growth, and momentum characteristics, providing complementary indicators to the Zacks Rank [2][3]. - Each stock receives a rating from A to F, with A indicating the highest potential for outperforming the market [3]. - The Style Scores are categorized into four types: Value Score, Growth Score, Momentum Score, and VGM Score [3][4][5]. Group 2: Value Score - The Value Score focuses on identifying undervalued stocks using ratios like P/E, PEG, Price/Sales, and Price/Cash Flow [3]. Group 3: Growth Score - The Growth Score assesses a company's financial health and future outlook, analyzing projected and historical earnings, sales, and cash flow [4]. Group 4: Momentum Score - The Momentum Score helps investors capitalize on price trends by evaluating short-term price changes and earnings estimate revisions [4]. Group 5: VGM Score - The VGM Score combines the three Style Scores to identify stocks with attractive value, strong growth forecasts, and promising momentum [5]. Group 6: Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide investors in building successful portfolios [6]. - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +25.41%, significantly outperforming the S&P 500 [7]. Group 7: Stock Selection Strategy - To optimize returns, investors should target stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [8]. - Stocks with lower ranks but high Style Scores may still carry risks due to downward-trending earnings outlooks [9]. Group 8: Company Profile - Parker-Hannifin - Parker-Hannifin Corporation is a global manufacturer specializing in motion and control technologies, with a diverse market presence [10]. - The company generates 66.5% of its 2023 net sales from North America, followed by Europe (19.9%), Asia Pacific (12.5%), and Latin America (1.1%) [10]. Group 9: Parker-Hannifin's Investment Potential - Parker-Hannifin holds a 3 (Hold) Zacks Rank and a VGM Score of B, indicating potential for growth [11]. - The company is projected to achieve year-over-year earnings growth of 4.4% for the current fiscal year, with upward revisions in earnings estimates [11]. - With a solid Zacks Rank and favorable Growth and VGM Style Scores, Parker-Hannifin is recommended for investors' consideration [12].