Parker-Hannifin Corp (NYSE:PH) Director Joseph Scaminace sold 1,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $184.97, for a total transaction of $184,970.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of Parker-Hannifin Corp (PH) traded down $0.61 during trading hours on Friday, hitting $184.02. 510,562 shares of the company’s stock were exchanged, compared to its average volume of 1,193,376. Parker-Hannifin Corp has a 1-year low of $151.17 and a 1-year high of $212.80. The stock has a market cap of $24,650.00, a PE ratio of 21.67, a P/E/G ratio of 1.59 and a beta of 1.31. The company has a quick ratio of 0.99, a current ratio of 1.49 and a debt-to-equity ratio of 0.87.
Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Thursday, February 1st. The industrial products company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.08. Parker-Hannifin had a net margin of 6.54% and a return on equity of 23.15%. The business had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same period last year, the company posted $1.91 EPS. The business’s revenue was up 26.2% on a year-over-year basis. equities research analysts forecast that Parker-Hannifin Corp will post 9.95 earnings per share for the current year.
PH has been the subject of several research analyst reports. Zacks Investment Research raised shares of Parker-Hannifin from a “hold” rating to a “buy” rating and set a $208.00 target price for the company in a research note on Tuesday, November 7th. BMO Capital Markets raised their target price on shares of Parker-Hannifin from $200.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, November 6th. Robert W. Baird raised their target price on shares of Parker-Hannifin from $183.00 to $194.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Cowen reaffirmed a “hold” rating and set a $155.00 target price on shares of Parker-Hannifin in a research note on Sunday, October 29th. Finally, Wells Fargo & Co raised their target price on shares of Parker-Hannifin from $205.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $202.06.
Several large investors have recently modified their holdings of the business. Emerald Advisers Inc. PA bought a new stake in shares of Parker-Hannifin in the 3rd quarter worth about $1,527,000. Cubist Systematic Strategies LLC lifted its holdings in shares of Parker-Hannifin by 154.0% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 6,820 shares of the industrial products company’s stock worth $1,194,000 after acquiring an additional 4,135 shares during the last quarter. IFM Investors Pty Ltd bought a new stake in shares of Parker-Hannifin in the 3rd quarter worth about $713,000. Private Advisor Group LLC lifted its holdings in shares of Parker-Hannifin by 58.2% in the 3rd quarter. Private Advisor Group LLC now owns 5,554 shares of the industrial products company’s stock worth $984,000 after acquiring an additional 2,043 shares during the last quarter. Finally, Alyeska Investment Group L.P. lifted its holdings in shares of Parker-Hannifin by 28.1% in the 3rd quarter. Alyeska Investment Group L.P. now owns 603,491 shares of the industrial products company’s stock worth $105,623,000 after acquiring an additional 132,381 shares during the last quarter. 78.80% of the stock is owned by institutional investors and hedge funds.
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Parker-Hannifin Corporation is a manufacturer of motion and control technologies and systems, providing precision engineered solutions for a range of mobile, industrial and aerospace markets. The Company operates through segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial Segment is an aggregation of several business units, which manufacture motion-control and fluid power system components for builders and users of various types of manufacturing, packaging, processing, transportation, agricultural, construction, and military vehicles and equipment.
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