We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
Don't Know Your Password?
New to Zacks? Get started here.
Don't Know Your Password?
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
VMI Quick QuoteVMI PH Quick QuotePH LNN Quick QuoteLNN KAMN Quick QuoteKAMN
You follow Analyst Blog - edit
You follow Zacks Equity Research - edit
Parker-Hannifin Corporation (PH Quick QuotePH - Free Report) has completed its previously announced divestiture of the Aircraft Wheel and Brake Division to Kaman Corporation (KAMN Quick QuoteKAMN - Free Report) . The deal was valued at $440 million. Based in Bloomfield, CT, Kaman is engaged in offering components and materials to the industrial, medical, aerospace and defense markets. Some of the products manufactured by Kaman are spring energized seals, springs and contacts, miniature ball bearings and others.
ParkerHannifin Corporation price | ParkerHannifin Corporation Quote
Parker-Hannifin’s Aircraft Wheel and Brake Division, located in Avon, OH, engages in producing wheels, brake systems and related hydraulic products for aircraft. Its products are used in business aviation, general aviation, rotorcraft and military aircraft end markets. The segment generates annual sales of approximately $70 million. The divestiture is in sync with PH’s strategy of restructuring its business portfolio and concentrating more on core businesses. The transaction is also in compliance with the condition of the European Commission to clear the Meggitt acquisition, provided Parker-Hannifin keeps up with its commitment to divesting the Aircraft Wheel and Brake Division. PH recently completed the £6.3 billion acquisition of Meggitt, expanding its presence in the United Kingdom. While Parker-Hannifin currently carries a Zacks Rank #3 (Hold), Kaman presently holds a Zacks Rank #4 (Sell).
Some better-ranked stocks within the broader Industrial Products sector are as follows: Lindsay Corporation (LNN Quick QuoteLNN - Free Report) currently carries a Zacks Rank #2 (Buy). LNN pulled off a trailing four-quarter earnings surprise of 25.6%, on average. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks. Lindsay has an estimated earnings growth rate of 45% for the current year. Shares of the company have rallied 27.2% in the past three months. Valmont Industries (VMI Quick QuoteVMI - Free Report) presently carries a Zacks Rank #2. VMI pulled off a trailing four-quarter earnings surprise of 13.7%, on average. Valmont Industries has an estimated earnings growth rate of 26.9% for the current year. Shares of the company have jumped 22.8% in the past three months.
Valmont Industries, Inc. (VMI) - free report >>
ParkerHannifin Corporation (PH) - free report >>
Lindsay Corporation (LNN) - free report >>
Kaman Corporation (KAMN) - free report >>
Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next 30-90 days.
Recent stocks from this report have soared up to +178.7% in 3 months - this month's picks could be even better. See our report's 7 new picks today, absolutely FREE.
Privacy Policy | No cost, no obligation to buy anything ever.
This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc.
Copyright 2022 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.51% per year. These returns cover a period from January 1, 1988 through September 12, 2022. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
Visit Performance Disclosure for information about the performance numbers displayed above.
Visit www.zacksdata.com to get our data and content for your mobile app or website.
Real time prices by BATS. Delayed quotes by Sungard.
NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.