Parker Hannifin Hits Record High After Acquisition, As This Often Overlooked Industry Gets Another Boost

Group 1: Parker Hannifin - Parker Hannifin shares reached an all-time high following the announcement of its acquisition of Filtration Group for $9.25 billion, enhancing its industrial offerings and establishing one of the largest global industrial filtration businesses [2] - The acquisition will be integrated into Parker Hannifin's industrial and aerospace products segment, indicating a strategic expansion in its product portfolio [2] - CEO Jenny Parmentier highlighted the significance of this acquisition in strengthening the company's market position [2] Group 2: ITT and SPX Technologies - ITT stock achieved a record high as it approaches its first billion-dollar quarter, with a key stock rating increasing by 13 points [5] - SPX Technologies saw an improvement in its composite rating to 96, reflecting strong market performance [5] - Both ITT and SPX Technologies are recognized for their market leadership, with ITT achieving an RS rating of 81 and SPX Technologies earning membership in the 95-plus composite rating club [5]