Parker-Hannifin Expands Filtration Business with Strategic Acquisition and Improving Financial Performance.

Parker-Hannifin, a Cleveland-based company founded in 1917, designs and manufactures motion and control technologies for industrial, mobile, and aerospace markets. The company recently announced the acquisition of Filtration Group Corporation for $9.3 billion, enhancing its presence in Life Sciences, In-Plant and Industrial, and HVAC/R market segments. Parker-Hannifin reported a revenue CAGR of 7.8% over FY 22-25, reaching $19.9 billion, with EBIT rising at a CAGR of 14.3%. The company's gearing ratio almost halved from 131.1% to 69.3%. Parker-Hannifin's stock delivered returns of 24.0% over the past year, with a P/E of 32.9x and EV/EBIT multiple of 24.8x.