Parker-Hannifin Corporation (NYSE:PH) – KeyCorp cut their Q1 2018 EPS estimates for shares of Parker-Hannifin Corporation in a report released on Thursday. KeyCorp analyst J. Hammond now anticipates that the industrial products company will post earnings per share of $1.98 for the quarter, down from their previous forecast of $2.07. KeyCorp also issued estimates for Parker-Hannifin Corporation’s Q2 2018 earnings at $1.89 EPS, Q4 2018 earnings at $2.81 EPS, FY2018 earnings at $9.05 EPS and FY2019 earnings at $10.15 EPS.

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

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Several other research analysts have also recently issued reports on the stock. Stifel Nicolaus set a $198.00 price objective on shares of Parker-Hannifin Corporation and gave the company a “buy” rating in a report on Friday. Jefferies Group LLC reiterated a “hold” rating and issued a $163.00 price objective on shares of Parker-Hannifin Corporation in a report on Thursday. BidaskClub cut shares of Parker-Hannifin Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Wolfe Research assumed coverage on shares of Parker-Hannifin Corporation in a report on Tuesday, July 11th. They issued an “outperform” rating and a $182.00 price objective for the company. Finally, ValuEngine upgraded shares of Parker-Hannifin Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. Four equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Parker-Hannifin Corporation presently has an average rating of “Buy” and a consensus price target of $168.56.

Parker-Hannifin Corporation (NYSE:PH) opened at 164.22 on Monday. The firm has a market capitalization of $21.87 billion, a P/E ratio of 23.92 and a beta of 1.40. The company’s 50 day moving average price is $162.13 and its 200 day moving average price is $157.33. Parker-Hannifin Corporation has a 12 month low of $118.77 and a 12 month high of $167.50.

A number of large investors have recently added to or reduced their stakes in PH. Harbour Capital Advisors LLC bought a new stake in Parker-Hannifin Corporation during the first quarter worth about $112,000. Quadrant Capital Group LLC increased its stake in 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 worth $131,000 after buying an additional 37 shares during the last quarter. TrimTabs Asset Management LLC increased its stake in Parker-Hannifin Corporation by 88.5% in the first quarter. TrimTabs Asset Management LLC now owns 852 shares of the industrial products company’s stock worth $137,000 after buying an additional 400 shares during the last quarter. FNY Partners Fund LP bought a new stake in Parker-Hannifin Corporation during the first quarter worth about $160,000. Finally, Independent Portfolio Consultants Inc. increased its stake in Parker-Hannifin Corporation by 74.3% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,124 shares of the industrial products company’s stock worth $180,000 after buying an additional 479 shares during the last quarter. Institutional investors own 80.17% of the company’s stock.

In related news, VP John G. Dedinsky, Jr. sold 2,530 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were 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 in the company, valued at approximately $3,501,797.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Robert W. Malone sold 793 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $159.36, for a total transaction of $126,372.48. Following the completion of the sale, the vice president now owns 11,549 shares of the company’s stock, valued at approximately $1,840,448.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,073 shares of company stock valued at $1,450,748. 2.73% of the stock is owned by insiders.

Parker-Hannifin Corporation Company Profile

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)

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