Parker Hannifin (PH) Earns Coverage Optimism Rating of 0.09

Media stories about Parker Hannifin (NYSE:PH) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Parker Hannifin earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 46.3377077102275 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the news stories that may have effected Accern’s rankings:

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A number of research analysts have issued reports on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $200.00 target price (down from $232.00) on shares of Parker Hannifin in a report on Monday, April 9th. Jefferies Group reaffirmed a “hold” rating and issued a $200.00 target price on shares of Parker Hannifin in a report on Wednesday, March 7th. Buckingham Research reaffirmed a “neutral” rating and issued a $210.00 target price on shares of Parker Hannifin in a report on Friday, January 19th. They noted that the move was a valuation call. Cowen reaffirmed a “hold” rating and issued a $180.00 target price on shares of Parker Hannifin in a report on Wednesday, January 10th. Finally, JPMorgan Chase lowered their price target on shares of Parker Hannifin from $210.00 to $199.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 10th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company’s stock. Parker Hannifin presently has an average rating of “Hold” and a consensus target price of $201.44.

NYSE PH traded down $8.61 during mid-day trading on Tuesday, reaching $163.35. 2,563,772 shares of the stock were exchanged, compared to its average volume of 1,151,763. Parker Hannifin has a 1-year low of $151.17 and a 1-year high of $212.80. The firm has a market cap of $23,468.42, a P/E ratio of 20.14, a price-to-earnings-growth ratio of 1.52 and a beta of 1.42. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.99 and a current ratio of 1.49.

Parker Hannifin (NYSE:PH) last announced its earnings results on Thursday, February 1st. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.07 by $0.08. The firm had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.33 billion. Parker Hannifin had a net margin of 6.54% and a return on equity of 23.15%. Parker Hannifin’s revenue was up 26.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.91 earnings per share. equities analysts predict that Parker Hannifin will post 9.99 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Thursday, May 10th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Wednesday, May 9th. This is a positive change from Parker Hannifin’s previous quarterly dividend of $0.66. Parker Hannifin’s dividend payout ratio (DPR) is 32.55%.

In other news, VP Roger S. Sherrard sold 2,109 shares of the firm’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $182.12, for a total value of $384,091.08. Following the transaction, the vice president now owns 51,865 shares of the company’s stock, valued at approximately $9,445,653.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 disclosure for this sale can be found here. In the last quarter, insiders sold 4,258 shares of company stock worth $780,753. 1.12% of the stock is owned by company insiders.

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Parker Hannifin Company Profile

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates in two segments, Diversified Industrial and Aerospace Systems. The Diversified Industrial segment provides static and dynamic sealing devices; filters, systems, and diagnostics solutions to monitor and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors, which control, transmit, and contain fluid; hydraulic, pneumatic, and electromechanical components and systems for builders and users of industrial and mobile machinery and equipment; and critical flow components for process instrumentation, healthcare, and ultra-high-purity applications, as well as components for use in refrigeration and air conditioning systems, and in fluid control applications for processing, fuel dispensing, beverage dispensing, and mobile emissions.

Insider Buying and Selling by Quarter for Parker Hannifin (NYSE:PH)

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