Parker-Hannifin Corp (NYSE:PH) VP Roger S. Sherrard sold 2,109 shares of the firm’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $182.12, for a total value of $384,091.08. Following the sale, the vice president now directly owns 51,865 shares of the company’s stock, valued at $9,445,653.80. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Shares of Parker-Hannifin Corp (NYSE PH) traded down $1.84 on Wednesday, reaching $180.02. The company’s stock had a trading volume of 293,920 shares, compared to its average volume of 1,139,454. The company has a market cap of $24,262.72, a price-to-earnings ratio of 28.08, a price-to-earnings-growth ratio of 1.57 and a beta of 1.38. 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 Corp has a 52-week low of $151.17 and a 52-week high of $212.80.
Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data on Thursday, February 1st. The industrial products company reported $2.15 EPS for the quarter, beating the Zacks’ consensus estimate of $2.07 by $0.08. The firm had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.33 billion. Parker-Hannifin had a return on equity of 23.15% and a net margin of 6.54%. The business’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same period last year, the company earned $1.91 EPS. equities analysts forecast that Parker-Hannifin Corp will post 9.97 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the company. San Francisco Sentry Investment Group CA boosted its position in shares of Parker-Hannifin by 139.3% in the 4th quarter. San Francisco Sentry Investment Group CA now owns 579 shares of the industrial products company’s stock worth $116,000 after purchasing an additional 337 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of Parker-Hannifin in the 3rd quarter worth $168,000. SeaCrest Wealth Management LLC bought a new position in shares of Parker-Hannifin in the 4th quarter worth $197,000. Wagner Wealth Management LLC bought a new position in shares of Parker-Hannifin in the 4th quarter worth $198,000. Finally, Tiedemann Wealth Management LLC boosted its position in shares of Parker-Hannifin by 95.6% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 3,050 shares of the industrial products company’s stock worth $201,000 after purchasing an additional 1,491 shares during the last quarter. Institutional investors and hedge funds own 81.67% of the company’s stock.
A number of equities research analysts recently weighed in on PH shares. Deutsche Bank raised their price target on Parker-Hannifin to $200.00 and gave the company a “buy” rating in a report on Monday, November 20th. BMO Capital Markets raised their price target on Parker-Hannifin to $225.00 and gave the company an “outperform” rating in a report on Thursday, January 4th. Zacks Investment Research cut Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. ValuEngine cut Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $245.00 price target (up from $218.00) on shares of Parker-Hannifin in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $202.75.
Parker-Hannifin 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.
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