Parker-Hannifin Corporation’s PH Electronic Controls Business Unit recently unveiled new functional safety controllers for mobile machinery applications. The latest RISE (“SP”) certified IQAN-MC4xFS controllers offer cost-efficient means of meeting the safety standards needed for heavy mobile machinery, along with providing robustness and straightforward system integration.
Certified to IEC 61508 SIL2, the IQAN-MC4xFS is designed to control hydraulic valves, making it a best choice for mobile machinery applications. Having being built on Parker’s earlier MC4x versions, the latest IQAN-MC4xFS is suitable for use in applications with full pin compatibility, which incorporates a considerable amount of monitoring functionality to address application needs.
Apart from extensive start-up tests, extended diagnostics measures were also introduced, like run-time diagnostics of dangerous faults. Other features like implementation of safety-related applications in the lockstep core, ECC-protected Flash and RAM, as well as the execution of a safety-certified Real-Time Operating System were also included.
Based on similar hardware as IQAN-MC4x performance-optimized standard versions, the latest controllers offer accurate and real-time control of hydraulic systems. The IQAN-MC4xFS controllers enable faster development of new machine functionality, aided by full compatibility powered by the established IQANdesign platform. The IQANdesign platform offers an inbuilt tool for programming, testing, production, simulation as well as service and maintenance.
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. The company has also devised a complimentary business realignment action, which when combined with the simplification initiative, is likely to strengthen the manufacturing footprint, going forward.
Buoyed by the competency of the revamped Win Strategy and strategic acquisitions, the company is bullish about delivering fundamental financial goals. Investors also seem to be optimistic on the company’s future prospects, as the Zacks Rank #2 (Buy) stock yielded a return of 36% in the past year, outperforming the industry’s average growth of 25.5%.
Moreover, the company has been proactive in making acquisitions from time to time to strengthen its core business. The company has concluded major investments recently. For instance, the CLARCOR buyout has strengthened the company’s filtration product suite, consequently driving recurring revenue growth. Also, other bolt-on acquisitions including Arnold Jäger Holding GmbH‘s operating units, President Engineering Group Limited and Helac Corporation are anticipated to supplement top-line growth, going forward.
Other Stocks to Consider
Some other top-ranked stocks from the same space include Deere & Company DE, Acco Brands Corporation ACCO and Donaldson Company, Inc. DCI. While Deere & Company sports a Zacks Rank #1 (Strong Buy), Acco Brands and Donaldson Company carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Deere & Company has surpassed estimates in the trailing four quarters, with an average positive earnings surprise of 19.5%.
Acco Brands has outpaced estimates in the preceding four quarters, with an average earnings surprise of 81.9%.
Donaldson Company has surpassed estimates thrice in the trailing four quarters, with an average positive earnings surprise of 5.2%.
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