Parker Hannifin (NYSE:PH) VP Thomas C. Gentile sold 570 shares of the firm’s stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $176.73, for a total value of $100,736.10. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of Parker Hannifin traded up $1.45, hitting $178.32, during trading on Thursday, Marketbeat Ratings reports. 889,970 shares of the stock traded hands, compared to its average volume of 1,211,015. The firm has a market cap of $23.49 billion, a price-to-earnings ratio of 21.99, a P/E/G ratio of 1.51 and a beta of 1.44. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.59 and a quick ratio of 1.09. Parker Hannifin has a twelve month low of $176.17 and a twelve month high of $177.96.
Parker Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, April 26th. The industrial products company reported $2.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.62 by $0.18. The business had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.67 billion. Parker Hannifin had a return on equity of 23.63% and a net margin of 7.16%. The firm’s revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.11 EPS. equities research analysts predict that Parker Hannifin will post 10.08 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in PH. Gotham Asset Management LLC bought a new position in shares of Parker Hannifin in the 4th quarter valued at approximately $2,037,000. Banco de Sabadell S.A bought a new position in shares of Parker Hannifin in the 4th quarter valued at approximately $1,618,000. Strs Ohio raised its stake in shares of Parker Hannifin by 753.3% in the 4th quarter. Strs Ohio now owns 42,758 shares of the industrial products company’s stock valued at $8,533,000 after acquiring an additional 37,747 shares in the last quarter. Fiduciary Trust Co. raised its stake in shares of Parker Hannifin by 24.1% in the 4th quarter. Fiduciary Trust Co. now owns 29,049 shares of the industrial products company’s stock valued at $5,798,000 after acquiring an additional 5,637 shares in the last quarter. Finally, Boston Partners bought a new position in shares of Parker Hannifin in the 4th quarter valued at approximately $129,208,000. Institutional investors and hedge funds own 80.17% of the company’s stock.
A number of brokerages have commented on PH. Citigroup raised their price objective on Parker Hannifin from $195.00 to $220.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. Buckingham Research decreased their price objective on Parker Hannifin from $210.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, April 27th. Zacks Investment Research lowered Parker Hannifin from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Robert W. Baird upgraded Parker Hannifin from a “neutral” rating to an “outperform” rating and set a $203.00 price objective for the company in a research report on Thursday, March 8th. Finally, JPMorgan Chase decreased their price objective on Parker Hannifin from $210.00 to $199.00 and set an “overweight” rating for the company in a research report on Tuesday, April 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $200.40.
Parker Hannifin Company Profile
Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates in two segments, Diversified Industrial and Aerospace Systems. The Diversified Industrial segment provides static and dynamic sealing devices; filters, systems, and diagnostics solutions to monitor and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors, which control, transmit, and contain fluid; hydraulic, pneumatic, and electromechanical components and systems for builders and users of industrial and mobile machinery and equipment; and critical flow components for process instrumentation, healthcare, and ultra-high-purity applications, as well as components for use in refrigeration and air conditioning systems, and in fluid control applications for processing, fuel dispensing, beverage dispensing, and mobile emissions.
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