Parker-Hannifin Corp (PH) Receives Consensus Recommendation of “Hold” from Analysts

Parker-Hannifin Corp (NYSE:PH) has earned an average recommendation of “Hold” from the twenty analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $198.76.

A number of brokerages recently commented on PH. Stifel Nicolaus reaffirmed a “buy” rating and issued a $245.00 target price (up from $218.00) on shares of Parker-Hannifin in a research report on Tuesday, January 16th. Zacks Investment Research lowered Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. ValuEngine lowered Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Credit Suisse Group boosted their target price on Parker-Hannifin from $205.00 to $206.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Finally, Buckingham Research boosted their target price on Parker-Hannifin from $205.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, November 3rd.

In other news, VP Andrew D. Ross sold 2,056 shares of the business’s 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 transaction, the vice president now owns 5,207 shares in the company, valued at approximately $1,000,472.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Linda S. Harty sold 3,491 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $183.30, for a total value of $639,900.30. Following the completion of the transaction, the director now owns 9,727 shares in the company, valued at approximately $1,782,959.10. The disclosure for this sale can be found here. Insiders have sold a total of 16,343 shares of company stock valued at $2,982,800 over the last three months. Corporate insiders own 1.12% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Scotia Capital Inc. boosted its stake in shares of Parker-Hannifin by 11.7% in the 4th quarter. Scotia Capital Inc. now owns 4,804 shares of the industrial products company’s stock worth $959,000 after buying an additional 504 shares during the last quarter. Koch Industries Inc. boosted its stake in shares of Parker-Hannifin by 99.4% in the 4th quarter. Koch Industries Inc. now owns 8,303 shares of the industrial products company’s stock worth $1,657,000 after buying an additional 4,138 shares during the last quarter. Invictus RG boosted its stake in shares of Parker-Hannifin by 183.9% in the 4th quarter. Invictus RG now owns 2,024 shares of the industrial products company’s stock worth $404,000 after buying an additional 1,311 shares during the last quarter. ETRADE Capital Management LLC boosted its stake in shares of Parker-Hannifin by 40.8% in the 4th quarter. ETRADE Capital Management LLC now owns 3,121 shares of the industrial products company’s stock worth $623,000 after buying an additional 904 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in shares of Parker-Hannifin in the 4th quarter worth approximately $25,483,000. Hedge funds and other institutional investors own 78.80% of the company’s stock.

Shares of Parker-Hannifin (NYSE:PH) traded down $1.12 during trading on Tuesday, reaching $179.83. The company had a trading volume of 1,080,000 shares, compared to its average volume of 1,220,000. Parker-Hannifin has a twelve month low of $150.95 and a twelve month high of $212.80. The company has a market cap of $23,960.00, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 1.53 and a beta of 1.31. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.49 and a quick ratio of 0.99.

Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, February 1st. The industrial products company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.08. Parker-Hannifin had a return on equity of 23.15% and a net margin of 6.54%. The business had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same period in the previous year, the company posted $1.91 EPS. The firm’s revenue was up 26.2% compared to the same quarter last year. sell-side analysts predict that Parker-Hannifin will post 9.95 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 9th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Thursday, February 8th. Parker-Hannifin’s dividend payout ratio is currently 30.91%.

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About Parker-Hannifin

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.

Analyst Recommendations for Parker-Hannifin (NYSE:PH)

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