Advertisement

Is Parker-Hannifin (PH) Stock a Solid Choice Right Now?

One stock that might be an intriguing choice for investors right now is Parker-Hannifin Corporation PH. This is because this security in the Manufacturing – General Industrial space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in Manufacturing – General Industrial space as it currently has a Zacks Industry Rank of 62 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Parker-Hannifin is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

In fact, over the past 30 days, current quarter estimates have moved from $4.23 per share to $4.29 per share, while current year estimates have moved from $14.72 per share to $14.87 per share. This has helped Parker-Hannifin to earn a Zacks Rank #2 (Buy), further underscoring the company’s solid position. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

ParkerHannifin Corporation Price and Consensus

ParkerHannifin Corporation Price and Consensus
ParkerHannifin Corporation Price and Consensus

ParkerHannifin Corporation price-consensus-chart | ParkerHannifin Corporation Quote

So, if you are looking for a decent pick in a strong industry, consider Parker-Hannifin. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

Infrastructure Stock Boom to Sweep America

A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.

The only question is “Will you get into the right stocks early when their growth potential is greatest?”

Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.

Download FREE: How to Profit from Trillions on Spending for Infrastructure >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

ParkerHannifin Corporation (PH) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research