Parker-Hannifin Corporation (NYSE:PH) – Research analysts at KeyCorp lowered their Q1 2018 earnings per share estimates for shares of Parker-Hannifin Corporation in a note issued to investors on Thursday. KeyCorp analyst J. Hammond now expects that the industrial products company will earn $1.98 per share for the quarter, down from their previous estimate of $2.07. KeyCorp also issued estimates for Parker-Hannifin Corporation’s Q2 2018 earnings at $1.89 EPS, Q4 2018 earnings at $2.81 EPS, FY2018 earnings at $9.05 EPS and FY2019 earnings at $10.15 EPS.

PH has been the topic of a number of other reports. Stifel Nicolaus set a $198.00 target price on shares of Parker-Hannifin Corporation and gave the stock a “buy” rating in a research report on Friday. BidaskClub lowered shares of Parker-Hannifin Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Jefferies Group LLC reiterated a “hold” rating and set a $163.00 target price on shares of Parker-Hannifin Corporation in a research report on Thursday, August 3rd. Wolfe Research started coverage on shares of Parker-Hannifin Corporation in a research report on Tuesday, July 11th. They set an “outperform” rating and a $182.00 target price on the stock. Finally, Zacks Investment Research lowered shares of Parker-Hannifin Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $168.56.

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Parker-Hannifin Corporation (NYSE PH) traded up 0.26% on Monday, hitting $162.82. 103,120 shares of the company were exchanged. Parker-Hannifin Corporation has a one year low of $118.77 and a one year high of $167.50. The firm has a market cap of $21.68 billion, a price-to-earnings ratio of 23.72 and a beta of 1.40. The stock has a 50 day moving average price of $162.13 and a 200 day moving average price of $157.33.

Parker-Hannifin Corporation (NYSE:PH) last released its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $2.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.31 by $0.14. The company had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.52 billion. Parker-Hannifin Corporation had a return on equity of 22.90% and a net margin of 8.18%. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.90 earnings per share.

In related news, VP Martin C. Maxwell sold 2,850 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $160.08, for a total value of $456,228.00. Following the transaction, the vice president now directly owns 21,968 shares in the company, valued at $3,516,637.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP William R. Bowman sold 2,900 shares of the stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $158.92, for a total transaction of $460,868.00. Following the completion of the transaction, the vice president now owns 1,172 shares in the company, valued at $186,254.24. The disclosure for this sale can be found here. Insiders sold 9,073 shares of company stock worth $1,450,748 over the last 90 days. 2.73% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the stock. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Parker-Hannifin Corporation by 5.0% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 287,749 shares of the industrial products company’s stock valued at $45,988,000 after buying an additional 13,688 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Parker-Hannifin Corporation by 21.9% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 33,316 shares of the industrial products company’s stock valued at $5,325,000 after buying an additional 5,987 shares during the last quarter. Airain ltd increased its stake in shares of Parker-Hannifin Corporation by 0.3% in the second quarter. Airain ltd now owns 23,442 shares of the industrial products company’s stock valued at $3,747,000 after buying an additional 65 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Parker-Hannifin Corporation by 3.3% in the second quarter. Robeco Institutional Asset Management B.V. now owns 41,644 shares of the industrial products company’s stock valued at $6,658,000 after buying an additional 1,337 shares during the last quarter. Finally, Penserra Capital Management LLC increased its stake in shares of Parker-Hannifin Corporation by 13.0% in the second quarter. Penserra Capital Management LLC now owns 2,080 shares of the industrial products company’s stock valued at $332,000 after buying an additional 240 shares during the last quarter. 80.17% of the stock is owned by hedge funds and other institutional investors.

Parker-Hannifin Corporation 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.

Earnings History and Estimates for Parker-Hannifin Corporation (NYSE:PH)

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