- Parker-Hannifin is set to announce 2022 fiscal Q1 numbers on Thursday.
- The company is months away from acquiring Meggitt, a deal that will increase the importance of the aerospace business and set the company up for another decade of growth.
- Parker shares are fairly valued at current levels, but increased leverage from the Meggitt deal could be problematic in the event of a macroeconomic slowdown in the next two years.
- I currently hold shares in Parker, but would wait for a pullback to ~$270 before adding to the position.
For further details see:
Parker-Hannifin: Onward And Upward