Insider Selling: Pamela Huggins Sells 1,263 Shares of Parker-Hannifin Corp Stock (PH)
Parker-Hannifin Corp (NYSE:PH) VP Pamela Huggins sold 1,263 shares of Parker-Hannifin Corp stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $105.80, for a total value of $133,625.40. Following the completion of the sale, the vice president now directly owns 20,268 shares in the company. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on PH shares. Analysts at Morgan Stanley initiated coverage on shares of Parker-Hannifin Corp (NYSE:PH) in a research note to investors on Thursday, September 5th. They set an “underweight” rating and a $92.00 price target on the stock. Separately, analysts at ISI Group downgraded shares of Parker-Hannifin Corp (NYSE:PH) from a “strong-buy” rating to a “buy” rating in a research note to investors on Friday, August 9th. They now have a $115.00 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of Parker-Hannifin Corp (NYSE:PH) from $99.00 to $105.00 in a research note to investors on Thursday, August 8th.
Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $94.44.
Parker-Hannifin Corp (NYSE:PH) traded down 0.22% on Thursday, hitting $104.77. The stock had a trading volume of 626,170 shares. Parker-Hannifin Corp has a one year low of $75.80 and a one year high of $107.26. The stock’s 50-day moving average is $103.1 and its 200-day moving average is $96.83. The company has a market cap of $15.629 billion and a P/E ratio of 16.77.
Parker-Hannifin Corp (NYSE:PH) last released its earnings data on Tuesday, August 6th. The company reported $1.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.97 by $0.19. The company had revenue of $3.43 million for the quarter, compared to the consensus estimate of $3.47 million. During the same quarter in the previous year, the company posted $1.96 earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis. On average, analysts predict that Parker-Hannifin Corp will post $6.62 earnings per share for the current fiscal year.
Parker-Hannifin Corporation (NYSE:PH) is a full-line diversified manufacturer of motion and control technologies and systems, including fluid power systems, electromechanical controls and related components.
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