Parker-Hannifin Corp. (NYSE:PH) – Research analysts at Avondale Partners issued their Q1 2017 earnings estimates for shares of Parker-Hannifin Corp. in a research report issued on Monday. Avondale Partners analyst I. Maryasis anticipates that the brokerage will post earnings of $1.52 per share for the quarter. Avondale Partners currently has a “Market Perform” rating on the stock.

Parker-Hannifin Corp. (NYSE:PH) last released its quarterly earnings results on Thursday, August 4th. The company reported $1.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.15. Parker-Hannifin Corp. had a net margin of 7.10% and a return on equity of 18.37%. The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same quarter in the previous year, the business earned $1.73 earnings per share. The firm’s revenue was down 6.0% compared to the same quarter last year.

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

Other equities research analysts have also recently issued research reports about the stock. Goldman Sachs Group Inc. raised their price objective on shares of Parker-Hannifin Corp. from $91.00 to $101.00 and gave the company a “sell” rating in a research report on Friday, August 5th. Citigroup Inc. raised their price objective on shares of Parker-Hannifin Corp. from $115.00 to $120.00 and gave the company a “neutral” rating in a research report on Friday, August 5th. Argus restated a “neutral” rating on shares of Parker-Hannifin Corp. in a research report on Thursday, August 18th. Zacks Investment Research upgraded shares of Parker-Hannifin Corp. from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a research report on Tuesday, October 4th. Finally, Morgan Stanley set a $108.00 price objective on shares of Parker-Hannifin Corp. and gave the company a “hold” rating in a research report on Friday, August 5th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $117.88.

Parker-Hannifin Corp. (NYSE:PH) traded up 1.09% during midday trading on Wednesday, hitting $124.76. 88,724 shares of the stock were exchanged. Parker-Hannifin Corp. has a one year low of $83.32 and a one year high of $128.24. The firm has a market capitalization of $16.71 billion, a price-to-earnings ratio of 21.18 and a beta of 1.49. The company has a 50 day moving average price of $123.39 and a 200 day moving average price of $116.08.

In other news, VP Martin C. Maxwell sold 893 shares of Parker-Hannifin Corp. stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $120.62, for a total value of $107,713.66. Following the sale, the vice president now directly owns 39,451 shares in the company, valued at $4,758,579.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kurt A. Keller sold 757 shares of Parker-Hannifin Corp. stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $122.12, for a total transaction of $92,444.84. Following the completion of the sale, the vice president now owns 28,904 shares in the company, valued at $3,529,756.48. The disclosure for this sale can be found here. Company insiders own 2.73% of the company’s stock.

Several hedge funds have recently bought and sold shares of PH. BB&T Securities LLC acquired a new stake in Parker-Hannifin Corp. during the first quarter worth about $1,763,000. Credit Agricole S A increased its stake in Parker-Hannifin Corp. by 8.5% in the first quarter. Credit Agricole S A now owns 110,109 shares of the company’s stock worth $12,232,000 after buying an additional 8,582 shares during the period. AMF Pensionsforsakring AB increased its stake in Parker-Hannifin Corp. by 7.0% in the first quarter. AMF Pensionsforsakring AB now owns 272,115 shares of the company’s stock worth $30,227,000 after buying an additional 17,791 shares during the period. Aviva PLC increased its stake in Parker-Hannifin Corp. by 0.8% in the first quarter. Aviva PLC now owns 78,870 shares of the company’s stock worth $8,761,000 after buying an additional 608 shares during the period. Finally, Ancora Inverness LLC increased its stake in Parker-Hannifin Corp. by 7.3% in the first quarter. Ancora Inverness LLC now owns 11,834 shares of the company’s stock worth $1,315,000 after buying an additional 808 shares during the period. Institutional investors own 80.75% of the company’s stock.

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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