Parker Hannifin (PH) Stock Surges Amid Strong Financial Performance

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Dec 05, 2024
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Parker Hannifin (PH, Financial) shares experienced a 0.50% increase, reaching $700.00 with a trading volume of 139,054 shares and a turnover rate of 0.11%. The company's latest financial report shows a revenue of $4.904 billion, net profit of $698 million, earnings per share of $5.43, and a gross profit of $1.812 billion, with a P/E ratio of 31.53.

Among 23 rating institutions, 74% recommend buying, while 22% suggest holding, and 4% recommend selling. In the commercial equipment services sector, Parker Hannifin saw a 0.03% overall increase. Notable performers in the industry include Symbotic Inc., Ballard Power Systems, and Serve Robotics Inc.

Parker Hannifin operates through diversified industrial and aerospace systems segments, with 17,100 independent distributors and 40% of its business conducted outside the U.S.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.