Maxine Mellin ’24 pitched Parker Hannifin Corporation (NYSE: PH) on February 26th, 2024. Parker Hannifin, the global leader in motion and control technologies and systems, operates through its Diversified Industrials and Aerospace Systems segments. Product applications range from fluid conveyance control in data centers to hydraulic and filtration systems in wind turbines, with Parker components integrated throughout the greater industrial sector. With 335 manufacturing plants and offices spanning 39 states and 44 countries, Parker serves over 548,000 customers worldwide.
Maxine’s investment thesis emphasizes Parker Hannifin’s advancements in clean technology solutions, its strategic repositioning towards longer cycle secular trends in the sales mix, and the robust growth of its Aerospace Systems segment. SMIF voted to purchase approximately $53,000 worth of PH, financed through the sale of XLI and a reduction in the portfolio’s position in CAT.