Parker-Hannifin Corp. (NYSE:PH) has earned an average rating of “Hold” from the twenty ratings firms that are presently covering the stock. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $118.29.

A number of equities analysts recently weighed in on PH shares. Zacks Investment Research upgraded shares of Parker-Hannifin Corp. from a “hold” rating to a “buy” rating and set a $127.00 price target on the stock in a research report on Tuesday, June 21st. JPMorgan Chase & Co. lowered shares of Parker-Hannifin Corp. from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $110.00 to $98.00 in a research report on Monday, June 27th. Wells Fargo & Co. upgraded shares of Parker-Hannifin Corp. from a “market perform” rating to an “outperform” rating in a research report on Thursday, June 30th. Barclays PLC lifted their target price on shares of Parker-Hannifin Corp. from $120.00 to $121.00 and gave the stock an “equal weight” rating in a research note on Friday, August 5th. Finally, Citigroup Inc. lifted their target price on shares of Parker-Hannifin Corp. from $115.00 to $120.00 and gave the stock a “neutral” rating in a research note on Friday, August 5th.

In other Parker-Hannifin Corp. news, VP Martin C. Maxwell sold 893 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $120.62, for a total transaction of $107,713.66. Following the completion of the transaction, the vice president now owns 39,451 shares in the company, valued at approximately $4,758,579.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Robert W. Bond sold 14,043 shares of the business’s stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $124.51, for a total transaction of $1,748,493.93. The disclosure for this sale can be found here. Company insiders own 2.73% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. NN Investment Partners Holdings N.V. bought a new position in shares of Parker-Hannifin Corp. during the first quarter valued at about $101,000. Van ECK Associates Corp boosted its position in shares of Parker-Hannifin Corp. by 24.4% in the second quarter. Van ECK Associates Corp now owns 1,091 shares of the company’s stock valued at $118,000 after buying an additional 214 shares during the last quarter. Signaturefd LLC boosted its position in shares of Parker-Hannifin Corp. by 2.7% in the second quarter. Signaturefd LLC now owns 1,307 shares of the company’s stock valued at $141,000 after buying an additional 34 shares during the last quarter. Checchi Capital Advisers LLC boosted its position in shares of Parker-Hannifin Corp. by 1.9% in the second quarter. Checchi Capital Advisers LLC now owns 1,653 shares of the company’s stock valued at $179,000 after buying an additional 31 shares during the last quarter. Finally, Mizuho Asset Management Co. Ltd. boosted its position in shares of Parker-Hannifin Corp. by 72.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,767 shares of the company’s stock valued at $191,000 after buying an additional 741 shares during the last quarter. Institutional investors own 80.75% of the company’s stock.

Parker-Hannifin Corp. (NYSE:PH) opened at 123.93 on Monday. The company has a market capitalization of $16.59 billion, a P/E ratio of 21.04 and a beta of 1.49. Parker-Hannifin Corp. has a 1-year low of $83.32 and a 1-year high of $128.24. The stock’s 50 day moving average is $123.39 and its 200-day moving average is $116.03.

Parker-Hannifin Corp. (NYSE:PH) last posted its quarterly earnings results on Thursday, August 4th. The company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.15. The firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.93 billion. Parker-Hannifin Corp. had a net margin of 7.10% and a return on equity of 18.37%. Parker-Hannifin Corp.’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.73 earnings per share. On average, analysts expect that Parker-Hannifin Corp. will post $6.80 earnings per share for the current fiscal year.

Parker-Hannifin Corp. 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.

5 Day Chart for NYSE:PH

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