Parker-Hannifin Corp (NYSE:PH) VP Andrew D. Ross sold 2,056 shares of Parker-Hannifin stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $192.14, for a total value of $395,039.84. Following the completion of the transaction, the vice president now directly owns 5,207 shares in the company, valued at $1,000,472.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Parker-Hannifin Corp (NYSE PH) traded up $1.65 during midday trading on Monday, hitting $192.98. The stock had a trading volume of 1,082,800 shares, compared to its average volume of 993,541. The company has a market capitalization of $25,710.00, a P/E ratio of 22.16, a price-to-earnings-growth ratio of 1.73 and a beta of 1.40. Parker-Hannifin Corp has a 52-week low of $139.49 and a 52-week high of $193.01. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.95 and a current ratio of 1.44.
Parker-Hannifin (NYSE:PH) last released its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $2.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.22. The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.31 billion. Parker-Hannifin had a return on equity of 23.61% and a net margin of 8.37%. The company’s quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.61 earnings per share. equities analysts expect that Parker-Hannifin Corp will post 9.56 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. grew its holdings in Parker-Hannifin by 1.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,306 shares of the industrial products company’s stock worth $209,000 after buying an additional 15 shares in the last quarter. IHT Wealth Management LLC grew its holdings in Parker-Hannifin by 20.8% during the second quarter. IHT Wealth Management LLC now owns 116 shares of the industrial products company’s stock worth $119,000 after buying an additional 20 shares in the last quarter. Parallel Advisors LLC grew its holdings in Parker-Hannifin by 4.1% during the second quarter. Parallel Advisors LLC now owns 612 shares of the industrial products company’s stock worth $102,000 after buying an additional 24 shares in the last quarter. People s United Financial Inc. grew its holdings in Parker-Hannifin by 0.5% during the second quarter. People s United Financial Inc. now owns 6,079 shares of the industrial products company’s stock worth $972,000 after buying an additional 31 shares in the last quarter. Finally, Calamos Wealth Management LLC grew its holdings in Parker-Hannifin by 0.4% during the second quarter. Calamos Wealth Management LLC now owns 8,144 shares of the industrial products company’s stock worth $1,302,000 after buying an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 78.24% of the company’s stock.
PH has been the topic of a number of recent analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $198.00 price objective on shares of Parker-Hannifin in a research note on Friday, October 13th. Buckingham Research initiated coverage on Parker-Hannifin in a research note on Tuesday, October 17th. They issued a “buy” rating and a $205.00 price target on the stock. KeyCorp reissued a “buy” rating and issued a $200.00 price target on shares of Parker-Hannifin in a research note on Thursday, October 12th. Zacks Investment Research raised Parker-Hannifin from a “hold” rating to a “buy” rating and set a $198.00 price target on the stock in a research note on Tuesday, October 10th. Finally, ValuEngine raised Parker-Hannifin from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $188.95.
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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.
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