Parker Hannifin stock hits all-time high at 723.17 USD

Parker Hannifin Corporation’s stock reached a new all-time high, closing at 723.17 USD. This milestone reflects a significant upward trajectory for the company, which has seen its stock price increase by 31.3% over the past year. The industrial giant, now commanding a market capitalization of $91.5 billion, boasts a perfect Piotroski Score of 9, indicating exceptional financial strength. According to InvestingPro analysis, the stock appears to be trading above its Fair Value. The rise in Parker Hannifin’s stock underscores investor confidence in the company’s performance and growth prospects. This achievement comes amid a broader market environment characterized by volatility, highlighting Parker Hannifin’s resilience and strong market position.

In other recent news, Parker Hannifin Corporation announced its agreement to acquire Curtis Instruments for approximately $1 billion in cash, aiming to enhance its electrification capabilities. The acquisition is expected to close by the end of 2025, pending regulatory approvals. Curtis Instruments anticipates sales of approximately $320 million in 2025, aligning with Parker’s strategic focus on electrification trends. Meanwhile, Morgan Stanley (NYSE:MS) initiated coverage on Parker-Hannifin (NYSE:PH) stock with an Equalweight rating, setting a price target of $700. The analysts noted the company’s strong execution and pricing power, which have bolstered its resilience across business cycles.

Additionally, Stifel maintained its Hold rating on Parker-Hannifin, with a price target of $709, following a survey of distributors. The survey indicated slightly lower fourth-quarter sales results but improved expectations for the next 12 months. In another development, Parker Hannifin announced a leadership transition within its Filtration Group. Robert W. Malone will retire in August 2025, with Matthew A. Jacobson set to succeed him starting July 2025. This leadership change is part of Parker’s ongoing strategy to strengthen its market position in the filtration industry.

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