Parker-Hannifin VP Sells $277,565 in Stock (PH)
Parker-Hannifin (NYSE:PH) VP John G. Dedinsky, Jr. unloaded 2,170 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $127.91, for a total value of $277,564.70. Following the completion of the sale, the vice president now directly owns 26,032 shares of the company’s stock, valued at approximately $3,329,753. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Parker-Hannifin (NYSE:PH) traded up 0.94% on Monday, hitting $129.41. 686,463 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’s 50-day moving average is $124.6 and its 200-day moving average is $121.4. The company has a market cap of $19.274 billion and a price-to-earnings ratio of 19.19.
Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.88 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $1.68 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. Analysts expect that Parker-Hannifin will post $6.52 EPS for the current fiscal year.
A number of analysts have recently weighed in on PH shares. Analysts at Zacks reiterated a “neutral” rating on shares of Parker-Hannifin in a research note on Thursday, May 29th. They now have a $131.00 price target on the stock. Separately, analysts at S&P Equity Research upgraded shares of Parker-Hannifin to a “hold” rating in a research note on Wednesday, April 30th. Finally, 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. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Parker-Hannifin currently has an average rating of “Buy” and a consensus price target of $124.33.
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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