Parker-Hannifin Corporation (NYSE:PH)‘s stock had its “buy” rating reaffirmed by investment analysts at KeyCorp in a research report issued on Friday. They currently have a $205.00 price objective on the industrial products company’s stock. KeyCorp’s price target would suggest a potential upside of 10.58% from the stock’s current price. KeyCorp also issued estimates for Parker-Hannifin Corporation’s Q2 2018 earnings at $2.05 EPS, Q3 2018 earnings at $2.48 EPS, Q4 2018 earnings at $2.83 EPS and FY2019 earnings at $10.70 EPS.

Several other equities analysts have also recently issued reports on PH. BidaskClub cut shares of Parker-Hannifin Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Stifel Nicolaus restated a “buy” rating and set a $189.00 target price on shares of Parker-Hannifin Corporation in a research note on Friday, July 14th. Robert W. Baird upped their target price on shares of Parker-Hannifin Corporation from $183.00 to $194.00 and gave the company a “neutral” rating in a research note on Friday. Morgan Stanley upped their target price on shares of Parker-Hannifin Corporation from $188.00 to $195.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, Zacks Investment Research cut shares of Parker-Hannifin Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $187.58.

Shares of Parker-Hannifin Corporation (NYSE:PH) traded down $1.74 during mid-day trading on Friday, reaching $185.38. 825,843 shares of the company traded hands, compared to its average volume of 698,857. Parker-Hannifin Corporation has a one year low of $119.13 and a one year high of $189.83. The stock has a market cap of $24,692.62, a P/E ratio of 21.28, a price-to-earnings-growth ratio of 1.73 and a beta of 1.40. The company has a quick ratio of 0.95, a current ratio of 1.44 and a debt-to-equity ratio of 0.87.

Parker-Hannifin Corporation (NYSE:PH) last announced its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $2.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.22. Parker-Hannifin Corporation had a net margin of 8.37% and a return on equity of 23.61%. The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the prior year, the firm posted $1.61 EPS. Parker-Hannifin Corporation’s revenue for the quarter was up 22.7% on a year-over-year basis. analysts anticipate that Parker-Hannifin Corporation will post 9.37 EPS for the current year.

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In related news, Director Joseph Scaminace sold 500 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $158.35, for a total value of $79,175.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert W. Malone sold 540 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $186.37, for a total transaction of $100,639.80. The disclosure for this sale can be found here. Insiders sold a total of 5,929 shares of company stock valued at $979,553 over the last three months. 1.12% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bronfman E.L. Rothschild L.P. grew its holdings in Parker-Hannifin Corporation by 1.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,306 shares of the industrial products company’s stock valued at $209,000 after buying an additional 15 shares in the last quarter. IHT Wealth Management LLC grew its holdings in Parker-Hannifin Corporation by 20.8% during the 2nd quarter. IHT Wealth Management LLC now owns 116 shares of the industrial products company’s stock valued at $119,000 after buying an additional 20 shares in the last quarter. Parallel Advisors LLC grew its holdings in Parker-Hannifin Corporation by 4.1% during the 2nd quarter. Parallel Advisors LLC now owns 612 shares of the industrial products company’s stock valued at $102,000 after buying an additional 24 shares in the last quarter. People s United Financial Inc. grew its holdings in Parker-Hannifin Corporation by 0.5% during the 2nd quarter. People s United Financial Inc. now owns 6,079 shares of the industrial products company’s stock valued at $972,000 after buying an additional 31 shares in the last quarter. Finally, Calamos Wealth Management LLC grew its holdings in Parker-Hannifin Corporation by 0.4% during the 2nd quarter. Calamos Wealth Management LLC now owns 8,144 shares of the industrial products company’s stock valued at $1,302,000 after buying an additional 34 shares in the last quarter. 79.50% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Parker-Hannifin Corporation (NYSE:PH)

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