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Stock impact report

Parker-Hannifin: Turning Into An Acquisition Machine [Seeking Alpha]

Parker-Hannifin Corporation (PH) 
Last parker-hannifin corporation earnings: 4/30 07:30 am Check Earnings Report
US:NYSE Investor Relations: phstock.com
Company Research Source: Seeking Alpha
Its strong track record includes successful acquisitions, integrations, deleveraging, and margin improvements, while maintaining balance sheet integrity and being a net buyer of its shares. Shares have risen to highs around $865 per share, while leverage will increase to 3 times following its latest deal, and earnings multiples come in close to 30 times earnings. While the Filtration Group deal is attractive on a sales multiple basis in combination with synergy potential, high valuation and margins limit near-term investment opportunity despite long-term admiration. JHVEPhoto/iStock Editorial via Getty Images In July, I concluded that Parker-Hannifin ( PH was adding to its powerhouse with the purchase of Curtis, in what could be best described as a bolt-on deal. The company has rightfully commanded premium valuations More on my IG service If you like to see more ideas, please subscribe to the premium service "Value in Corporate Events" here and try the free trial. In th Show less Read more
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