Parker-Hannifin Co. (NYSE:PH) EVP Mark J. Hart sold 7,611 shares of Parker-Hannifin stock in a transaction that occurred on Friday, May 7th. The stock was sold at an average price of $319.95, for a total transaction of $2,435,139.45. Following the transaction, the executive vice president now directly owns 33,085 shares in the company, valued at approximately $10,585,545.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
NYSE:PH opened at $304.07 on Thursday. The company has a market capitalization of $39.24 billion, a PE ratio of 33.27, a P/E/G ratio of 1.97 and a beta of 1.74. The company has a 50 day simple moving average of $316.78 and a two-hundred day simple moving average of $283.84. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.92 and a current ratio of 1.46. Parker-Hannifin Co. has a fifty-two week low of $140.01 and a fifty-two week high of $324.68.
Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, April 29th. The industrial products company reported $4.11 earnings per share for the quarter, beating analysts’ consensus estimates of $3.78 by $0.33. The business had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.72 billion. Parker-Hannifin had a net margin of 8.75% and a return on equity of 22.77%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.92 EPS. Research analysts predict that Parker-Hannifin Co. will post 12.37 EPS for the current year.
Institutional investors have recently bought and sold shares of the business. Pinnacle Bancorp Inc. bought a new position in shares of Parker-Hannifin in the 1st quarter worth $25,000. Better Money Decisions LLC bought a new position in shares of Parker-Hannifin in the 1st quarter worth $28,000. Optimum Investment Advisors bought a new position in shares of Parker-Hannifin in the 4th quarter worth $25,000. Exchange Traded Concepts LLC bought a new position in shares of Parker-Hannifin in the 4th quarter worth $26,000. Finally, Arlington Partners LLC bought a new position in shares of Parker-Hannifin in the 4th quarter worth $27,000. Hedge funds and other institutional investors own 77.44% of the company’s stock.
Several research analysts recently weighed in on PH shares. Vertical Research raised shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research note on Monday, February 22nd. Morgan Stanley lifted their price objective on shares of Parker-Hannifin from $350.00 to $355.00 and gave the stock an “overweight” rating in a research note on Monday, April 19th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Parker-Hannifin from $331.00 to $347.00 and gave the company a “buy” rating in a research note on Monday, April 19th. BMO Capital Markets lifted their price target on shares of Parker-Hannifin from $320.00 to $350.00 and gave the company an “outperform” rating in a research note on Friday, February 5th. Finally, Credit Suisse Group lifted their price target on shares of Parker-Hannifin from $331.00 to $355.00 and gave the company an “outperform” rating in a research note on Friday, February 5th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $324.14.
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 through two segments, Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; 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; control solutions for extreme corrosion resistance, temperatures, pressures, and precise flow; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.
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