Parker-Hannifin Corp (NYSE:PH) VP William Eline unloaded 5,527 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $115.86, for a total transaction of $640,358.22. Following the completion of the sale, the vice president now directly owns 17,689 shares in the company, valued at approximately $2,049,448. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on PH shares. Analysts at ISI Group downgraded shares of Parker-Hannifin Corp from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, November 7th. They now have a $135.00 price target on the stock, up previously from $110.00. Separately, analysts at Jefferies Group upgraded shares of Parker-Hannifin Corp from a “hold” rating to a “buy” rating in a research note to investors on Thursday, November 7th. They now have a $135.00 price target on the stock, up previously from $115.00. They noted that the move was a valuation call. Finally, analysts at Jefferies Group raised their price target on shares of Parker-Hannifin Corp from $110.00 to $115.00 in a research note to investors on Monday, October 28th. They now have a “hold” rating on the stock. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $101.27.
Parker-Hannifin Corp (NYSE:PH) traded down 0.15% during mid-day trading on Thursday, hitting $116.83. The stock had a trading volume of 662,146 shares. Parker-Hannifin Corp has a 1-year low of $77.50 and a 1-year high of $117.94. The stock’s 50-day moving average is $111.6 and its 200-day moving average is $102.8. The company has a market cap of $17.435 billion and a price-to-earnings ratio of 18.57.
Parker-Hannifin Corp (NYSE:PH) last announced its earnings results on Friday, October 18th. The company reported $1.61 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.48 by $0.13. The company had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the prior year, the company posted $1.57 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. On average, analysts predict that Parker-Hannifin Corp will post $6.54 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, December 6th. Stockholders of record on Friday, November 8th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Wednesday, November 6th.
Parker-Hannifin Corporation (NYSE:PH) is a full-line diversified manufacturer of motion and control technologies and systems, including fluid power systems, electromechanical controls and related components.
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