Parker-Hannifin Corp (PH) Receives $181.20 Consensus Target Price from Analysts
Shares of Parker-Hannifin Corp (NYSE:PH) have been assigned an average rating of “Hold” from the twenty-two brokerages that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $181.93.
A number of brokerages recently weighed in on PH. Zacks Investment Research upgraded shares of Parker-Hannifin from a “sell” rating to a “hold” rating in a research note on Wednesday, January 23rd. Stifel Nicolaus boosted their price target on shares of Parker-Hannifin from $171.00 to $182.00 and gave the stock a “hold” rating in a research report on Tuesday, April 16th. Barclays dropped their price target on shares of Parker-Hannifin from $180.00 to $173.00 and set an “overweight” rating on the stock in a research report on Monday, January 7th. Vertical Research cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $175.00 price target on the stock. in a research report on Friday, February 1st. Finally, Robert W. Baird set a $180.00 price target on shares of Parker-Hannifin and gave the stock a “buy” rating in a research report on Saturday, February 2nd.
Shares of NYSE PH traded up $0.01 during midday trading on Monday, reaching $189.93. 486,444 shares of the company traded hands, compared to its average volume of 878,814. Parker-Hannifin has a 52 week low of $140.82 and a 52 week high of $193.19. The company has a quick ratio of 1.01, a current ratio of 1.52 and a debt-to-equity ratio of 0.74. The stock has a market cap of $24.57 billion, a P/E ratio of 18.23, a P/E/G ratio of 1.78 and a beta of 1.46.
In other Parker-Hannifin news, Director Candy M. Obourn sold 926 shares of the business’s stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $162.18, for a total transaction of $150,178.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Andrew M. Weeks sold 4,520 shares of the business’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $176.70, for a total value of $798,684.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,445 shares of company stock worth $1,814,218. Corporate insiders own 1.12% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of PH. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Parker-Hannifin during the 4th quarter valued at about $26,000. Dubuque Bank & Trust Co. grew its stake in shares of Parker-Hannifin by 97.5% in the 1st quarter. Dubuque Bank & Trust Co. now owns 158 shares of the industrial products company’s stock valued at $27,000 after buying an additional 78 shares in the last quarter. First Mercantile Trust Co. grew its stake in shares of Parker-Hannifin by 58.3% in the 4th quarter. First Mercantile Trust Co. now owns 190 shares of the industrial products company’s stock valued at $28,000 after buying an additional 70 shares in the last quarter. Athena Capital Advisors LLC bought a new stake in shares of Parker-Hannifin in the 4th quarter valued at approximately $32,000. Finally, Gemmer Asset Management LLC grew its stake in shares of Parker-Hannifin by 162.3% in the 1st quarter. Gemmer Asset Management LLC now owns 202 shares of the industrial products company’s stock valued at $35,000 after buying an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 81.38% of the company’s stock.
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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