Parker Hannifin Corp (NYSE:PH)

$ 561.13 0.44 (0.08%) Market Cap: 72.13 Bil Enterprise Value: 83.08 Bil PE Ratio: 26.44 PB Ratio: 6.22 GF Score: 89/100

Parker-Hannifin Corp at Bank of America Global Industrials Conference (Virtual) Transcript

Mar 16, 2021 / 04:30PM GMT

Release Date Price: $309.92 (-1.58%)

Transcript

Andrew Burris Obin

BofA Securities, Research Division - MD

Thanks, so much. Welcome to our first afternoon session of the day, at least for me, it is. Our next speaker is Parker-Hannifin. Definitely, one of our top ideas, we just think people are continuing to underestimate. While the valuation definitely doesn't reflect the operational and strategic transformation that has taken place at the company over the past several years, and I keep telling everybody, it's like -- these guys have been at it for decade plus. So this is not the result of sort of the last restructuring.

But look, I'm very happy to have with us Lee Banks, Parker's President, COO. He's also member of the Board. And I think the plan is Parker is going to have a short presentation, and then we're going to jump into the Q&A. I have some questions that I have. But feel free to submit your questions via Veracast or you can also submit them on Bloomberg IB? Thank you. Lee, I'll turn it over to you.

Lee C. Banks

Parker-Hannifin Corporation - President, COO & Director

Okay. Andrew

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