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 stock was sold at an average price of $182.12, for a total value of $384,091.08. Following the completion of the transaction, the vice president now owns 51,865 shares in the company, valued at $9,445,653.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Parker-Hannifin Corp (PH) traded down $1.84 during mid-day trading 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 current ratio of 1.49, a quick ratio of 0.99 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $24,262.72, a price-to-earnings ratio of 28.08, a PEG ratio of 1.57 and a beta of 1.38. Parker-Hannifin Corp has a 52-week low of $151.17 and a 52-week high of $212.80.
Parker-Hannifin (NYSE:PH) last released its quarterly earnings results on Thursday, February 1st. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.07 by $0.08. Parker-Hannifin had a return on equity of 23.15% and a net margin of 6.54%. The firm had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter last year, the business posted $1.91 EPS. The company’s revenue for the quarter was up 26.2% on a year-over-year basis. sell-side analysts expect that Parker-Hannifin Corp will post 9.97 earnings per share for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Stratos Wealth Partners LTD. raised its stake in shares of Parker-Hannifin by 5.5% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 5,407 shares of the industrial products company’s stock valued at $946,000 after purchasing an additional 280 shares during the period. Bank of Stockton raised its stake in shares of Parker-Hannifin by 3.3% in the 3rd quarter. Bank of Stockton now owns 8,763 shares of the industrial products company’s stock valued at $1,533,000 after purchasing an additional 281 shares during the period. Sentry Investment Management LLC raised its stake in shares of Parker-Hannifin by 0.8% in the 4th quarter. Sentry Investment Management LLC now owns 34,739 shares of the industrial products company’s stock valued at $6,933,000 after purchasing an additional 282 shares during the period. Pacer Advisors Inc. raised its stake in shares of Parker-Hannifin by 10.1% in the 3rd quarter. Pacer Advisors Inc. now owns 3,412 shares of the industrial products company’s stock valued at $597,000 after purchasing an additional 312 shares during the period. Finally, San Francisco Sentry Investment Group CA raised its stake 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 valued at $116,000 after purchasing an additional 337 shares during the period. 81.67% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently issued reports on PH. Jefferies Group restated a “hold” rating and issued a $200.00 price target on shares of Parker-Hannifin in a research report on Wednesday, March 7th. Robert W. Baird upgraded Parker-Hannifin from a “neutral” rating to an “outperform” rating and set a $203.00 price target on the stock in a research report on Thursday, March 8th. Wells Fargo & Co restated a “hold” rating and issued a $200.00 price target (down from $235.00) on shares of Parker-Hannifin in a research report on Thursday, March 8th. Buckingham Research reiterated a “neutral” rating and set a $210.00 target price on shares of Parker-Hannifin in a report on Friday, January 19th. They noted that the move was a valuation call. Finally, Cowen reiterated a “hold” rating and set a $180.00 target price on shares of Parker-Hannifin in a report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $202.75.
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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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