Parker-Hannifin (NYSE:PH) Now Covered by StockNews.com

Research analysts at StockNews.com started coverage on shares of Parker-Hannifin (NYSE:PH – Get Rating) in a note issued to investors on Thursday. The firm set a “hold” rating on the industrial products company’s stock.

Other analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Parker-Hannifin from $307.00 to $322.00 in a research note on Friday, February 3rd. Credit Suisse Group boosted their target price on shares of Parker-Hannifin from $417.00 to $446.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Barclays boosted their target price on shares of Parker-Hannifin from $343.00 to $400.00 and gave the company an “overweight” rating in a research note on Sunday, February 5th. KeyCorp boosted their target price on shares of Parker-Hannifin from $335.00 to $390.00 and gave the company an “overweight” rating in a research note on Friday, February 3rd. Finally, Morgan Stanley boosted their target price on shares of Parker-Hannifin from $311.00 to $374.00 and gave the company an “equal weight” rating in a research note on Friday, February 3rd. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $363.25.

Parker-Hannifin Price Performance

Shares of NYSE PH traded down $9.08 during trading on Thursday, hitting $304.92. The company had a trading volume of 1,809,592 shares, compared to its average volume of 975,954. The company has a market cap of $39.11 billion, a P/E ratio of 31.50, a PEG ratio of 1.45 and a beta of 1.51. Parker-Hannifin has a 52 week low of $230.44 and a 52 week high of $364.57. The business’s 50-day moving average is $334.90 and its 200 day moving average is $299.51. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.73 and a current ratio of 1.28.

Parker-Hannifin (NYSE:PH – Get Rating) last posted its quarterly earnings results on Thursday, February 2nd. The industrial products company reported $4.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.45 by $0.31. The company had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.44 billion. Parker-Hannifin had a return on equity of 28.23% and a net margin of 7.33%. The firm’s revenue was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.46 earnings per share. Equities research analysts predict that Parker-Hannifin will post 19.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Mark T. Czaja sold 430 shares of the company’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $351.70, for a total value of $151,231.00. Following the completion of the sale, the vice president now directly owns 507 shares in the company, valued at $178,311.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Mark T. Czaja sold 430 shares of the company’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $351.70, for a total value of $151,231.00. Following the completion of the sale, the vice president now directly owns 507 shares in the company, valued at $178,311.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Thomas L. Williams sold 38,098 shares of the company’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $352.63, for a total transaction of $13,434,497.74. Following the completion of the sale, the chairman now owns 229,027 shares of the company’s stock, valued at $80,761,791.01. The disclosure for this sale can be found here. Over the last three months, insiders sold 62,454 shares of company stock worth $21,706,490. Corporate insiders own 1.37% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Arlington Partners LLC acquired a new position in Parker-Hannifin during the 4th quarter worth $29,000. Western Pacific Wealth Management LP acquired a new position in Parker-Hannifin during the 3rd quarter worth $35,000. Align Wealth Management LLC acquired a new position in Parker-Hannifin during the 4th quarter worth $38,000. BDO Wealth Advisors LLC lifted its position in Parker-Hannifin by 32.7% during the 4th quarter. BDO Wealth Advisors LLC now owns 134 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 33 shares during the last quarter. Finally, Coppell Advisory Solutions Corp. acquired a new position in Parker-Hannifin during the 4th quarter worth $41,000. Institutional investors and hedge funds own 81.32% of the company’s stock.

About Parker-Hannifin

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Parker-Hannifin Corp. engages in the manufacture of motion and control technologies and systems. It operates through Diversified Industrial and Aerospace Systems segments. The Diversified Industrial segment sells products to both original equipment manufacturers and distributors who serve the replacement markets in manufacturing, packaging, processing, transportation, mobile construction, refrigeration and air conditioning, agricultural and military machinery, and equipment industries.