Many Parker-Hannifin Corporation(PH) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Parker-Hannifin Corp was Upgraded by Argus to Buy on Feb 7, 2017. Company shares were Upgraded by BMO Capital Markets on Jan 13, 2017 to Outperform, Raises Price Target to $ 175 from a previous price target of $125 .Parker-Hannifin Corp was Initiated by Aegis Capital on Dec 9, 2016 to Hold, Price Target of the shares are set at $160.
Company has reported several Insider transactions to the SEC, on Dec 13, 2016, Wolfgang R Schmitt (director) sold 6,335 shares at 141.19 per share price.On Dec 12, 2016, Candy M Obourn (director) sold 1,755 shares at 142.90 per share price.On Dec 6, 2016, William G Eline (VP- Chief Information Officer) sold 11,151 shares at 143.05 per share price.
Parker-Hannifin Corp Last issued its quarterly earnings results on Feb 2, 2017. The company reported $1.91 EPS for the quarter, beating the analyst consensus estimate by $ 0.52. Analyst had a consensus of $1.39. The company had revenue of $2670.80 million for the quarter, compared to analysts expectations of $2690.13 million. The companys revenue was down -1.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.52 EPS.
Parker-Hannifin Corporation (NYSE:PH) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 2 by 16 Brokerage Firm. 8 Wall Street Firms have rated the stock as a strong buys. 8 Brokerage Firms have advised hold.
Parker-Hannifin Corporation (NYSE:PH): The stock price is expected to reach $ 153.85 in the short term. The number of analysts agreeing with this consensus is 13. The higher estimate for the short term price target is at $200 while the lower estimate is at $110. The standard deviation of the price stands at $24.92.
Parker-Hannifin Corporation (NYSE:PH) rose 0.11% or 0.17 points on Tuesday and made its way into the gainers of the day. After trading began at $151.95 the stock was seen hitting $152.83 as a peak level and $150.95 as the lowest level. The stock ended up at $152.63. The daily volume was measured at 836,285 shares. The 52-week high of the share price is $153.126 and the 52-week low is $97.25. The company has a market cap of $20,345 million.
Parker-Hannifin Corporation is a leading worldwide full-line manufacturer of motion control products, including fluid power systems, electro-mechanical controls and related components. Fluid power involves the transfer and control of power through the medium of liquid, gas or air, in hydraulic, pneumatic and vacuum applications. Fluid power systems move and position materials, control machines, vehicles and equipment and improve industrial efficiency and productivity.