Parker-Hannifin Director Candy M. Obourn Unloads 2,686 Shares (PH)
Parker-Hannifin (NYSE:PH) Director Candy M. Obourn sold 2,686 shares of Parker-Hannifin stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $125.45, for a total value of $336,958.70. Following the completion of the transaction, the director now directly owns 16,005 shares in the company, valued at approximately $2,007,827. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on PH. Analysts at S&P Equity Research upgraded shares of Parker-Hannifin to a “hold” rating in a research note on Wednesday, April 30th. Separately, analysts at MKM Partners raised their price target on shares of Parker-Hannifin from $130.00 to $135.00 in a research note on Wednesday, April 30th. They now have a “buy” rating on the stock. Finally, analysts at Morgan Stanley upgraded shares of Parker-Hannifin from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, April 30th. They now have a $130.00 price target on the stock, up previously from $122.00. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Parker-Hannifin presently has a consensus rating of “Buy” and an average price target of $123.25.
Shares of Parker-Hannifin (NYSE:PH) traded down 0.70% on Tuesday, hitting $123.40. 927,397 shares of the company’s stock traded hands. Parker-Hannifin has a 52 week low of $92.08 and a 52 week high of $129.77. The stock has a 50-day moving average of $122.0 and a 200-day moving average of $120.1. The company has a market cap of $18.391 billion and a price-to-earnings ratio of 18.60.
Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.88 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.65 by $0.23. The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter last year, the company posted $1.68 earnings per share. Parker-Hannifin’s revenue was up 1.6% compared to the same quarter last year. Analysts expect that Parker-Hannifin will post $6.52 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 6th. Investors of record on Friday, May 9th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Wednesday, May 7th.
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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