Description: Parker Hannifin Corp is a member of the S&P 500 and a member of the Broad Dividend Achievers™ Index. The company is a global maker of industrial pumps, valves and hydraulics. Its products are used in everything from jet engines to trucks and autos and utility turbines.
Quantitative Stock Analysis: Updated: 2-21-2009
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Comments: Updated: 2-21-2009
PH’s industrial and aviation businesses are highly cyclical. They operate in a competitive environment and are sensitive to energy costs. With the recent economic downturn, manufacturing firms (much of PH’s customer base) are extremely cautious on spending. This is likely to continue until the global economy shows at least some signs of recovery. Risks include continued declines in global economic growth, an extended downturn in the aerospace market and the potential for production problems.