Parker-Hannifin Corporation (NYSE:PH) – Stock analysts at Jefferies Group issued their Q1 2018 earnings per share (EPS) estimates for Parker-Hannifin Corporation in a research note issued on Thursday. Jefferies Group analyst S. Volkmann anticipates that the industrial products company will post earnings per share of $1.95 for the quarter. Jefferies Group currently has a “Hold” rating and a $163.00 price target on the stock. Jefferies Group also issued estimates for Parker-Hannifin Corporation’s Q3 2018 earnings at $2.35 EPS, Q4 2018 earnings at $2.65 EPS, FY2018 earnings at $9.10 EPS, FY2019 earnings at $10.30 EPS and FY2020 earnings at $11.20 EPS.

Parker-Hannifin Corporation (NYSE:PH) last issued its earnings results on Thursday, August 3rd. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.14. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.52 billion. Parker-Hannifin Corporation had a return on equity of 22.90% and a net margin of 8.18%. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the company earned $1.90 EPS.

COPYRIGHT VIOLATION WARNING: This article was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another site, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://www.americanbankingnews.com/2017/08/07/parker-hannifin-corporation-forecasted-to-post-q1-2018-earnings-of-1-95-per-share-ph.html.

A number of other research firms have also recently weighed in on PH. Zacks Investment Research raised Parker-Hannifin Corporation from a “hold” rating to a “buy” rating and set a $180.00 price target for the company in a report on Monday, April 10th. Credit Suisse Group set a $189.00 price target on Parker-Hannifin Corporation and gave the stock a “buy” rating in a report on Sunday, April 30th. BidaskClub cut Parker-Hannifin Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $176.00 price target on shares of Parker-Hannifin Corporation in a report on Thursday, July 6th. Finally, J P Morgan Chase & Co set a $175.00 price target on Parker-Hannifin Corporation and gave the stock a “buy” rating in a report on Thursday, May 18th. Four equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $168.56.

Shares of Parker-Hannifin Corporation (NYSE PH) opened at 164.22 on Monday. The company has a market cap of $21.87 billion, a P/E ratio of 23.92 and a beta of 1.40. Parker-Hannifin Corporation has a 52 week low of $118.77 and a 52 week high of $167.50. The company’s 50-day moving average price is $162.13 and its 200 day moving average price is $157.33.

Several large investors have recently bought and sold shares of PH. Moody Lynn & Lieberson LLC increased its stake in shares of Parker-Hannifin Corporation by 0.3% in the first quarter. Moody Lynn & Lieberson LLC now owns 3,043 shares of the industrial products company’s stock valued at $488,000 after buying an additional 10 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Parker-Hannifin Corporation by 4.6% in the first quarter. Quadrant Capital Group LLC now owns 844 shares of the industrial products company’s stock valued at $131,000 after buying an additional 37 shares during the period. Rehmann Capital Advisory Group increased its stake in shares of Parker-Hannifin Corporation by 2.1% in the first quarter. Rehmann Capital Advisory Group now owns 1,821 shares of the industrial products company’s stock valued at $292,000 after buying an additional 37 shares during the period. Warren Averett Asset Management LLC increased its stake in shares of Parker-Hannifin Corporation by 1.7% in the second quarter. Warren Averett Asset Management LLC now owns 2,398 shares of the industrial products company’s stock valued at $383,000 after buying an additional 40 shares during the period. Finally, Wetherby Asset Management Inc. increased its stake in shares of Parker-Hannifin Corporation by 1.3% in the first quarter. Wetherby Asset Management Inc. now owns 3,457 shares of the industrial products company’s stock valued at $554,000 after buying an additional 43 shares during the period. 80.17% of the stock is owned by hedge funds and other institutional investors.

In related news, VP John G. Dedinsky, Jr. sold 2,530 shares of the stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $160.98, for a total value of $407,279.40. Following the completion of the sale, the vice president now owns 21,753 shares of the company’s stock, valued at $3,501,797.94. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP William R. Bowman sold 2,900 shares of the stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $158.92, for a total value of $460,868.00. Following the completion of the sale, the vice president now directly owns 1,172 shares of the company’s stock, valued at approximately $186,254.24. The disclosure for this sale can be found here. Insiders have sold 9,073 shares of company stock valued at $1,450,748 in the last three months. Insiders own 2.73% of the company’s stock.

About Parker-Hannifin Corporation

Parker-Hannifin Corporation is a manufacturer of motion and control technologies and systems, providing precision engineered solutions for a range of mobile, industrial and aerospace markets. The Company operates through segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial Segment is an aggregation of several business units, which manufacture motion-control and fluid power system components for builders and users of various types of manufacturing, packaging, processing, transportation, agricultural, construction, and military vehicles and equipment.

Earnings History and Estimates for Parker-Hannifin Corporation (NYSE:PH)

Receive News & Ratings for Parker-Hannifin Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Parker-Hannifin Corporation and related companies with MarketBeat.com's FREE daily email newsletter.