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Here's Why Parker-Hannifin (PH) is a Strong Momentum Stock

Zacks Equity Research
·2-min read

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Is This 1 Momentum Stock a Screaming Buy Right Now?

For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

Parker-Hannifin (PH)

Based in Cleveland, OH, Parker-Hannifin Corporation is a global diversified manufacturer of motion and control technologies and systems. The company provides precision engineered solutions for a wide variety of mobile, industrial and aerospace markets. On a geographical basis, the company has operations in North America (66.5% of 2023 net sales), Europe (19.9%), the Asia Pacific (12.5%) and Latin America (1.1%).

PH boasts a Momentum Style Score of B and VGM Score of B, and holds a Zacks Rank #2 (Buy) rating. Shares of Parker-Hannifin has seen some interesting price action recently; the stock is down 1.9% over the past one week and up 12.6% over the past four weeks. And in the last one-year period, PH has gained 40.1%. As for the stock's trading volume, 588,090.88 shares on average were traded over the last 20 days.

Momentum investors also pay close attention to a company's earnings. For PH, six analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.28 to $26.60 per share for 2025. PH boasts an average earnings surprise of 11.2%.

With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding PH to their portfolios.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Parker-Hannifin Corporation (PH) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research