Parker Hannifin climbs after upbeat Q4 results

Parker-Hannifin

08/08/2024 14:02

** Motion and control tech maker Parker Hannifin's shares
 PH.N  rise ~10% to $566 in premarket trade
    ** Co beat Q4 profit estimates amid strong demand for its
aircraft systems and components
    ** PH posted Q4 adj EPS of $6.77 per share, beating
analysts' estimates of $6.22 per share - LSEG data
    ** Co posted Q4 net sales of $5.19 bln, beating analysts'
estimates of $5.08 bln
    ** 17 of 22 brokerages rate the stock "buy" or higher, 5
"hold"; their median PT is $613 - LSEG data
    ** Up to last close, stock had risen 11% YTD

 (Reporting by Anshuman  Tripathy)
 ((Anshuman.Tripathy@thomsonreuters.com;))