Parker-Hannifin (PH) Introduces Low-Lead Solenoid Valves
Zacks Investment Research | Feb 14, 2018 10:01PM ET
Parker-Hannifin Corporation (NYSE:PH) recently unveiled a Low-Lead Brass body (LLB) series of solenoid valves for the beverage dispensing industry. The latest LLB series of solenoid valves is suitable for various potential uses in dispensing systems like cold, hot and superheated water shut-off, boiler water-loading control, steam control, steam mixing and steam pressure control.
Notably, the valves feature stainless steel pilots and are designed to improve valve life, endurance as well as resistance to limescale accumulation. The valve body is composed of CW510L brass (containing less than 0.25% lead) and the design maintains high system reliability that minimizes equipment failure risk apart from avoiding potential downtime. The metal structure also allows high temperature variations, heat transfer and high durability required in beverage dispensing systems.
Our Take
Parker-Hannifin has benefited tremendously from the global restructuring initiatives undertaken in the past few quarters. Apart from this, the company is streamlining business and corporate functions as well as removing complex bureaucracy from organizational structure to create a leaner frame. Furthermore, it has devised a complimentary business realignment action, which when combined with the simplification initiative is likely to strengthen the manufacturing footprint, going forward.
Moreover, the company’s eye on strategic acquisitions and alliances has bolstered its core business. For instance, the CLARCOR buyout has strengthened the company’s filtration product suite consequently driving revenue growth. Also, its other acquisitions including Arnold Jäger Holding GmbH‘s operating units, President Engineering Group Limited and Helac Corporation might prove to be major catalysts for the company’s growth moving ahead.
In the past six months, the Zacks Rank #2 (Buy) stock yielded a return of 15.8% outperforming the Zacks Investment Research
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