12 Stocks to Buy That May Be Splitting Soon

7. Parker-Hannifin Corp. (NYSE:PH)

Share Price as of March 17: $607.88

Surge in Share Price in 5 Years: 493.46%

Stock Split Confirmed: No

Number of Hedge Fund Holders: 62

Parker-Hannifin Corp. (NYSE:PH) manufactures motion and control technologies. It operates through its Diversified Industrial and Aerospace Systems segments. It provides a portfolio of products and systems, from industrial components to complex aerospace solutions. It serves original equipment manufacturers and various other customers worldwide.

Its Aerospace segment is a major growth engine and had its FQ2 2025 sales hit a record $1.5 billion, which recorded a 14% year-over-year increase. This growth was entirely organic and was fueled by a 20%+ surge in the aftermarket and mid-single-digit growth in OEM markets. The full-year forecast for aerospace and defense has been raised to 11%. Aerospace orders continue to be robust, with a 9% increase year-over-year.

The segment benefits from continued strength in both aftermarket and OEM orders, and the company is seeing gradual OEM rate increases. Parker-Hannifin Corp. (NYSE:PH) is also actively using its Win strategy and Parker Lean System to drive performance and continuous improvement within the Aerospace segment. The Win strategy is an operational excellence system, while the Parker Lean System is a continuous improvement methodology.

Diamond Hill Mid Cap Strategy stated the following regarding Parker-Hannifin Corporation (NYSE:PH) in its Q3 2024 investor letter:

“Other top Q3 contributors included Parker-Hannifin Corporation (NYSE:PH) and Ciena Corporation. Diversified industrial and aerospace manufacturer Parker-Hannifin is capitalizing on strength in its aerospace business to drive better-than-expected results against a challenging macroeconomic backdrop that has weighed on peers’ results.”