Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Parker-Hannifin Corporation reported its Fiscal 2025 First Quarter Earnings, presenting a comprehensive overview of its financial performance and strategic positioning.</li><li>Despite some market vertical pressures, the company demonstrated resilience and strategic agility, translating into a robust quarter with record results in several financial metrics.</li><li>Jenny Parmentier, Chairman and CEO, reinforced the company's strategic initiatives under their business system, The Win Strategy, highlighting a decentralized organization that enhances customer proximity and operational agility.</li></ul>

Parker-Hannifin Corporation reported its Fiscal 2025 First Quarter Earnings, presenting a comprehensive overview of its financial performance and strategic positioning.Despite some market vertical pressures, the company demonstrated resilience and strategic agility, translating into a robust quarter with record results in several financial metrics.Jenny Parmentier, Chairman and CEO, reinforced the company's strategic initiatives under their business system, The Win Strategy, highlighting a decentralized organization that enhances customer proximity and operational agility.

Parker-Hannifin Corporation: Will Its Strategic Divestitures Help Achieve The Targeted Margin Improvement? - Major Drivers

<ul><li>Parker-Hannifin Corporation delivered a robust performance in fiscal 2024, continually strengthening through strategic portfolio transformation and a particularly standout year for the Aerospace Systems segment.</li><li>Although the company saw low single-digit sales growth overall, it succeeded in expanding margins significantly by 200 basis points in its Aerospace sector.</li><li>This was highlighted by an 18% increase in earnings per share, a notable achievement following a 15% earnings growth in the previous fiscal year, and generating a record free cash flow of $3 billion.</li></ul>

Parker-Hannifin Corporation delivered a robust performance in fiscal 2024, continually strengthening through strategic portfolio transformation and a particularly standout year for the Aerospace Systems segment.Although the company saw low single-digit sales growth overall, it succeeded in expanding margins significantly by 200 basis points in its Aerospace sector.This was highlighted by an 18% increase in earnings per share, a notable achievement following a 15% earnings growth in the previous fiscal year, and generating a record free cash flow of $3 billion.

Parker-Hannifin Corporation: An Evolving Market Vertical Coverage Driving Growth! - Major Drivers

<ul><li>The Parker-Hannifin Corporation had a strong third-quarter performance in its Fiscal Year 2024, recording record sales of $5.1 billion and a 150 basis point improvement in its margins on the prior year.</li><li>The CFO, Todd Leombruno, attributed the record levels of sales, segment operating income, net income, and earnings per share to the impressive operating performance of the company.</li><li>Highlights of the quarter included the aerospace segment which drove significant growth and a record operating margin of 26.7%.</li></ul>

The Parker-Hannifin Corporation had a strong third-quarter performance in its Fiscal Year 2024, recording record sales of $5.1 billion and a 150 basis point improvement in its margins on the prior year.The CFO, Todd Leombruno, attributed the record levels of sales, segment operating income, net income, and earnings per share to the impressive operating performance of the company.Highlights of the quarter included the aerospace segment which drove significant growth and a record operating margin of 26.7%.

Parker-Hannifin Corporation: Evolution of Win Strategy 3.0 and Margin Expansion! - Major Drivers

<ul><li>With respect to Parker-Hannifin's latest earnings, a few distinctive factors paint a broad picture of the company's current status and future prospects.</li><li>With record sales of $4.8 billion in Q2, a 3% progression from the previous year, the company has expressed confidence in sustaining incrementals of over 100% and expanding upon the adjusted segment operating margin which stood at a record 24.5%, marking a 3% increase on a year-to-year basis.</li><li>This strong performance has primarily been driven by their Aerospace Systems, while both Industrial Silos also made valuable contributions.</li></ul>

With respect to Parker-Hannifin's latest earnings, a few distinctive factors paint a broad picture of the company's current status and future prospects.With record sales of $4.8 billion in Q2, a 3% progression from the previous year, the company has expressed confidence in sustaining incrementals of over 100% and expanding upon the adjusted segment operating margin which stood at a record 24.5%, marking a 3% increase on a year-to-year basis.This strong performance has primarily been driven by their Aerospace Systems, while both Industrial Silos also made valuable contributions.

Parker-Hannifin Corporation: Increased Global Frontline Performance & Improved Margins Saving The Day? - Major Drivers

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>While the market remains in consolidation/pullback mode and we are not out of the woods, it is possible that further downside is limited from here on the S&amp;P 500</li>
<li>Since late-February, we've discussed important gap support from 2/22/24 at 4983-5050 on the SPX, with bulls in control if above 4983. Selling last week has simply filled this gap</li>
<li>4920-4950 is now support near last week's lows. Downgrade: Technology (XLK) to market weight. Upgrades: Manufacturing/Industrials (XLI) to overweight and Utilities (XLU) to market weight; individual stock buys highlighted.</li>
</ul>


While the market remains in consolidation/pullback mode and we are not out of the woods, it is possible that further downside is limited from here on the S&amp;P 500
Since late-February, we've discussed important gap support from 2/22/24 at 4983-5050 on the SPX, with bulls in control if above 4983. Selling last week has simply filled this gap
4920-4950 is now support near last week's lows. Downgrade: Technology (XLK) to market weight. Upgrades: Manufacturing/Industrials (XLI) to overweight and Utilities (XLU) to market weight; individual stock buys highlighted.


Shifting Exposure From Growth to Value; Downgrading Technology; Upgrades: Manufacturing & Utilities

United States

Parker-Hannifin Corporation manufactures motion control products, including fluid power systems, electromechanical controls, and related components.  The Company also produces fluid purification, fluid flow, process instrumentation, air conditioning, refrigeration, and electromagnetic shielding and thermal management products.

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Parker Hannifin (PH US)

Parker-Hannifin Corporation: Will Its Strategic Divestitures Help Achieve The Targeted Margin Improvement? - Major Drivers

Parker-Hannifin Corporation reported its Fiscal 2025 First Quarter Earnings, presenting a comprehensive overview of its financial performance and...

Baptista Research

Parker-Hannifin Corporation: An Evolving Market Vertical Coverage Driving Growth! - Major Drivers

Parker-Hannifin Corporation delivered a robust performance in fiscal 2024, continually strengthening through strategic portfolio transformation...

Baptista Research

Parker-Hannifin Corporation: Evolution of Win Strategy 3.0 and Margin Expansion! - Major Drivers

The Parker-Hannifin Corporation had a strong third-quarter performance in its Fiscal Year 2024, recording record sales of $5.1 billion and a 150...

Baptista Research

Parker-Hannifin Corporation: Increased Global Frontline Performance & Improved Margins Saving The Day? - Major Drivers

With respect to Parker-Hannifin's latest earnings, a few distinctive factors paint a broad picture of the company's current status and future...

Baptista Research

Shifting Exposure From Growth to Value; Downgrading Technology; Upgrades: Manufacturing & Utilities

Shift Exposure From Growth to Value; Downgrading Tech to market weight $XLK; Upgrading Industrials $XLI to Overweight; Upgrading Utilities $XLU to...

Vermilion Research

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