Parker-Hannifin Corporation (PH) Getting Somewhat Positive News Coverage, Report Finds
News stories about Parker-Hannifin Corporation (NYSE:PH) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Parker-Hannifin Corporation earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 46.9430395558289 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have effected Accern’s scoring:
- Parker-Hannifin Corporation to Issue Quarterly Dividend of $0.66 (PH) (americanbankingnews.com)
- Is It Overvalued? Look at the P/S Ratio: Parker-Hannifin Corporation (PH), National CineMedia, Inc. (NCMI) – AllStockNews (allstocknews.com)
- Are Either Cerner Corporation (NASDAQ:CERN) or Parker-Hannifin Corporation (NYSE:PH)Ready for a Breakout? – FLBC News (flbcnews.com)
- Watching Historical Performance for Parker-Hannifin Corporation (NYSE:PH) – Jonesboro Recorder (jonesbororecorder.com)
- Parker-Hannifin Corp (PH), and Molson Coors Brewing Co (TAP) Seeing Increased Action in Session – Evergreen Caller (evergreencaller.com)
Shares of Parker-Hannifin Corporation (NYSE PH) traded down 0.27% on Friday, hitting $155.15. The stock had a trading volume of 867,073 shares. Parker-Hannifin Corporation has a one year low of $118.77 and a one year high of $167.50. The company has a market capitalization of $20.68 billion, a P/E ratio of 21.40 and a beta of 1.40. The firm has a 50 day moving average price of $162.38 and a 200 day moving average price of $158.39.
Parker-Hannifin Corporation (NYSE:PH) last issued its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $2.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.31 by $0.14. The business had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.52 billion. Parker-Hannifin Corporation had a return on equity of 22.90% and a net margin of 8.18%. The firm’s revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.90 EPS. On average, equities research analysts predict that Parker-Hannifin Corporation will post $9.07 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Monday, August 28th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Thursday, August 24th. Parker-Hannifin Corporation’s payout ratio is presently 36.51%.
A number of equities research analysts have recently issued reports on the company. Wolfe Research assumed coverage on 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. Credit Suisse Group set a $189.00 target price on Parker-Hannifin Corporation and gave the stock a “buy” rating in a research report on Sunday, May 28th. BidaskClub raised Parker-Hannifin Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Zacks Investment Research lowered Parker-Hannifin Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $189.00 target price on shares of Parker-Hannifin Corporation in a research report on Friday, July 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company’s stock. Parker-Hannifin Corporation has a consensus rating of “Buy” and a consensus target price of $168.69.
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In other Parker-Hannifin Corporation news, VP Martin C. Maxwell sold 2,850 shares of the stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $160.08, for a total transaction of $456,228.00. Following the completion of the transaction, the vice president now owns 21,968 shares in the company, valued at approximately $3,516,637.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP John G. Dedinsky, Jr. sold 2,530 shares of the stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $160.98, for a total value of $407,279.40. Following the transaction, the vice president now owns 21,753 shares of the company’s stock, valued at approximately $3,501,797.94. The disclosure for this sale can be found here. 2.73% of the stock is currently owned by corporate insiders.
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.
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