Insider Selling: Parker-Hannifin Corp VP Sells 1,503 Shares of Stock (PH)
Parker-Hannifin Corp (NYSE:PH) VP Peter Popoff sold 1,503 shares of Parker-Hannifin Corp stock on the open market in a transaction dated Friday, January 24th. The shares were sold at an average price of $115.67, for a total transaction of $173,852.01. Following the sale, the vice president now directly owns 3,453 shares of the company’s stock, valued at approximately $399,409. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Parker-Hannifin Corp (NYSE:PH) traded down 0.22% on Monday, hitting $114.38. 1,861,697 shares of the company’s stock traded hands. Parker-Hannifin Corp has a 52 week low of $84.50 and a 52 week high of $129.77. The stock’s 50-day moving average is $124.4 and its 200-day moving average is $111.. The company has a market cap of $17.069 billion and a price-to-earnings ratio of 18.20.
Parker-Hannifin Corp (NYSE:PH) last released its earnings data on Wednesday, January 22nd. The company reported $1.66 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.23 by $0.43. The company had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter in the prior year, the company posted $1.19 earnings per share. The company’s quarterly revenue was up 1.3% on a year-over-year basis. On average, analysts predict that Parker-Hannifin Corp will post $6.56 earnings per share for the current fiscal year.
A number of research firms have recently commented on PH. Analysts at Argus raised their price target on shares of Parker-Hannifin Corp from $139.00 to $143.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at MKM Partners raised their price target on shares of Parker-Hannifin Corp from $118.00 to $130.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Finally, analysts at JPMorgan Chase & Co. downgraded shares of Parker-Hannifin Corp from an “overweight” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $124.00 price target on the stock, down previously from $127.00. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $115.65.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.