It's not too hyperbolic to say that Parker Hannifin (NYSE:PH) makes the global economy go. A leader in fluid power systems with double-digit share, Parker Hannifin is a force in hydraulics, fluid connectors, seals, automation, fluid control, filtration, and aerospace, boasting a diverse mix of industry end-markets like manufacturing, all manner of vehicles and attachments ("mobile"), and so on. In fact, Parker Hannifin's order flow generally tracks global industrial production pretty closely. If you believe that manufacturing growth is turning back up and that second quarter U.S. GDP will rebound from inventory drawdowns in the second quarter, this is a good stock to investigate for its early-cycle exposure.
A Player In Developed Industrialization
With about 60% of sales...
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