Insider Selling: Parker-Hannifin Corp VP Sells 2,898 Shares of Stock (PH)
Parker-Hannifin Corp (NYSE:PH) VP John R. Greco sold 2,898 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $119.35, for a total transaction of $345,876.30. Following the completion of the transaction, the vice president now directly owns 17,863 shares of the company’s stock, valued at approximately $2,131,949. The transaction was disclosed in a legal filing 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 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 investment 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. Parker-Hannifin Corp currently has an average rating of “Hold” and an average target price of $115.65.
Parker-Hannifin Corp (NYSE:PH) traded down 0.22% during mid-day trading on Monday, hitting $114.38. The stock had a trading volume of 1,861,697 shares. Parker-Hannifin Corp has a one year low of $84.50 and a one year 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 P/E ratio of 18.20.
Parker-Hannifin Corp (NYSE:PH) last released its earnings data on Wednesday, January 22nd. The company reported $1.66 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.19 earnings per share. The company’s revenue for the quarter 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.
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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