Jim Cramer Says Buy These 5 Industrial Stocks Before Rate Cuts — And 5 Other Stocks He’s Talking About

3. Parker-Hannifin Corp (NYSE:PH)

Number of Hedge Fund Investors: 67

Jim Cramer in a latest program praised Parker-Hannifin Corp (NYSE:PH) latest quarterly results, saying it was like “stars flying out of it.”

“Here is a company that makes motion and control systems along with filtration products, fluid connectors and engineered equipment for aerospace and defense, industrial equipment, vehicles, heating, ventilation and air conditioning – all the things that you probably don’t want to do but I don’t care because it’s really making a lot of money.”

Cramer said that Parker-Hannifin Corp (NYSE:PH) is also shaking its portfolio to benefit from secular growth “megatrends” including aerospace, infrastructure, clean energy, semiconductor manufacturing and again the data center.

Cramer said that Parker-Hannifin Corp (NYSE:PH) beat estimates on organic growth and EPS and gave a strong outlook.

Madison Investors Fund stated the following regarding Parker-Hannifin Corporation (NYSE:PH) in its Q2 2024 investor letter:

“Parker-Hannifin Corporation (NYSE:PH) is a leading diversified industrial manufacturer. The company continues to execute well with respect to improving margins and integrating the recent acquisition of Meggitt. However, the industrial economy is slowing, which weighed on investor sentiment.”