Parker-Hannifin Stock: Is Wall Street Bullish or Bearish?

With a market cap of $103.6 billion, Parker-Hannifin Corporation (PH) is a global manufacturer of motion and control technologies serving aerospace, defense, industrial, transportation, energy, and HVAC/refrigeration markets. Operating through its Diversified Industrial and Aerospace Systems segments, the company provides advanced components and systems ranging from sealing and filtration solutions to flight control and hydraulic technologies.

Shares of the Cleveland, Ohio-based company have exceeded the broader market over the past 52 weeks. PH stock has risen 17.6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 12%. Moreover, shares of the company have increased 27.9% on a YTD basis, compared to SPX’s 12.2% gain.