Insider Selling: Parker-Hannifin VP Unloads 1,864 Shares of Stock (PH)
Parker-Hannifin (NYSE:PH) VP Pamela J. Huggins unloaded 1,864 shares of Parker-Hannifin stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $128.92, for a total transaction of $240,306.88. Following the completion of the sale, the vice president now directly owns 19,280 shares of the company’s stock, valued at approximately $2,485,578. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. 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 given a buy rating to the company. Parker-Hannifin has a consensus rating of “Buy” and an average target price of $124.33.
Parker-Hannifin (NYSE:PH) traded down 1.61% on Thursday, hitting $126.82. 727,601 shares of the company’s stock traded hands. Parker-Hannifin has a 52 week low of $92.08 and a 52 week high of $130.44. The stock’s 50-day moving average is $124.9 and its 200-day moving average is $121.. The company has a market cap of $18.888 billion and a P/E ratio of 19.29.
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.
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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