Favorable Press Coverage Somewhat Likely to Affect Parker-Hannifin Corporation (PH) Share Price
Media stories about Parker-Hannifin Corporation (NYSE:PH) have been trending positive on Monday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Parker-Hannifin Corporation earned a daily sentiment score of 0.30 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 50 out of 100, indicating that recent press coverage is somewhat likely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- Boom or Bust? Is there any value in Parker-Hannifin Corporation (NYSE:PH)? – FLBC News (flbcnews.com)
- Parker-Hannifin Corporation (NYSE:PH) Expected to Post Quarterly Sales of $3.52 Billion (americanbankingnews.com)
- Parker-Hannifin Corporation (PH) Stock Rating Reaffirmed by Stifel Nicolaus (americanbankingnews.com)
- Parker Hannifin Corp (NYSE:PH) Institutional Investor Sentiment Trend (nolopodrasdejardever.com)
- Zacks: Analysts Expect Parker-Hannifin Corporation (NYSE:PH) Will Announce Earnings of $2.30 Per Share (americanbankingnews.com)
Parker-Hannifin Corporation (NYSE PH) traded up 0.44% on Monday, reaching $165.78. The company’s stock had a trading volume of 130,038 shares. The firm has a market cap of $22.08 billion, a price-to-earnings ratio of 24.15 and a beta of 1.39. Parker-Hannifin Corporation has a 12 month low of $111.36 and a 12 month high of $166.60. The firm has a 50 day moving average of $157.84 and a 200 day moving average of $153.79.
Parker-Hannifin Corporation (NYSE:PH) last issued its quarterly earnings results on Thursday, April 27th. The industrial products company reported $2.11 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.25. Parker-Hannifin Corporation had a return on equity of 22.14% and a net margin of 8.11%. The firm had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter in the prior year, the firm earned $1.51 EPS. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. Analysts anticipate that Parker-Hannifin Corporation will post $7.92 earnings per share for the current year.
Several equities research analysts have recently commented on PH shares. J P Morgan Chase & Co set a $175.00 price objective on Parker-Hannifin Corporation and gave the company a “buy” rating in a report on Thursday, May 18th. Zacks Investment Research downgraded Parker-Hannifin Corporation from a “buy” rating to a “hold” rating in a report on Friday, April 7th. Credit Suisse Group set a $169.00 price objective on Parker-Hannifin Corporation and gave the company a “buy” rating in a report on Wednesday, April 12th. Jefferies Group LLC reissued a “sell” rating on shares of Parker-Hannifin Corporation in a report on Friday, April 14th. Finally, Barclays PLC reissued an “equal weight” rating and issued a $148.00 price objective (down previously from $158.00) on shares of Parker-Hannifin Corporation in a report on Wednesday, April 19th. Four research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $165.18.
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In related news, VP William R. Bowman sold 2,900 shares of the business’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $158.92, for a total transaction of $460,868.00. Following the sale, the vice president now directly owns 1,172 shares in the company, valued at approximately $186,254.24. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Robert W. Bond sold 12,490 shares of the business’s stock in a transaction on Friday, April 28th. The shares were sold at an average price of $161.78, for a total value of $2,020,632.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,563 shares of company stock worth $3,471,380. 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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