Parker-Hannifin’s (PH) a “Standout Stock,” Says Jim Cramer

We recently published 11 Stocks Jim Cramer Talked About. Parker-Hannifin Corporation (NYSE:PH) is one of the stocks Jim Cramer recently discussed.

Parker-Hannifin Corporation (NYSE:PH) is one of the largest industrial equipment companies in the world. The firm’s products include motion control systems, hydraulics and avionics systems, and other associated items. Parker-Hannifin Corporation (NYSE:PH) made a splash earlier this week after it announced a $9.25 billion deal to buy filtration system manufacturer Filtration Group. Filtration Group’s products serve the needs of the heating and cooling market. Given that AI data centers and the demand for liquid cooling are a major discussion point in the stock market, it was unsurprising that Cramer also discussed Parker-Hannifin Corporation (NYSE:PH)’s announcement in the context of data centers:

“I mean if you look at Parker-Hannifin, they bought this company that’s involved with data center. A standout stock, just terrific.”

Photo by Thisisengineering Raeng on Unsplash

Previously, Cramer commented on Parker-Hannifin Corporation (NYSE:PH)’s shares moving more than $10 in a single trading session:

“We saw Eaton and Parker-Hannifin. If you’re from the Midwest, these are destination places… but those are a function of strong data center orders that came from lead contractors ABB and Legrand, two European construction companies that just reported that are huge builders of these warehouses full of servers. There’s no doubt that the data center buildout is the single biggest construction boom, perhaps since World War II. You can see it if you look at Oracle every day, by the way. I like the buildout. There are many many orders coming to them. I keep telling you these stocks are good. Parker-Hannifin rose $13.”

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Disclosure: None. This article is originally published at Insider Monkey.