Parker-Hannifin (NYSE:PH) had its target price hoisted by Stifel Nicolaus from $200.00 to $212.00 in a report released on Monday. The brokerage presently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 11.24% from the company’s current price.

A number of other research firms have also commented on PH. Buckingham Research raised Parker-Hannifin from a “neutral” rating to a “buy” rating in a research report on Friday, September 14th. Barclays assumed coverage on Parker-Hannifin in a research report on Thursday, September 6th. They issued an “overweight” rating and a $200.00 price target for the company. Zacks Investment Research raised Parker-Hannifin from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. ValuEngine raised Parker-Hannifin from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. Finally, Wells Fargo & Co reissued a “buy” rating on shares of Parker-Hannifin in a research report on Tuesday, May 29th. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Parker-Hannifin has a consensus rating of “Hold” and an average price target of $189.44.

NYSE PH opened at $190.58 on Monday. The firm has a market capitalization of $25.23 billion, a P/E ratio of 18.29, a P/E/G ratio of 1.48 and a beta of 1.44. Parker-Hannifin has a 12 month low of $152.47 and a 12 month high of $212.80. The company has a quick ratio of 1.08, a current ratio of 1.59 and a debt-to-equity ratio of 0.74.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings results on Thursday, August 2nd. The industrial products company reported $3.22 EPS for the quarter, beating analysts’ consensus estimates of $2.91 by $0.31. The business had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.83 billion. Parker-Hannifin had a return on equity of 24.77% and a net margin of 7.42%. Parker-Hannifin’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.45 EPS. equities analysts expect that Parker-Hannifin will post 11.4 EPS for the current year.

In other news, VP William R. Bowman sold 2,400 shares of the stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $175.36, for a total transaction of $420,864.00. Following the completion of the transaction, the vice president now owns 1,325 shares in the company, valued at approximately $232,352. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Joseph R. Leonti sold 1,605 shares of the stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $176.56, for a total value of $283,378.80. Following the transaction, the vice president now owns 15,731 shares of the company’s stock, valued at approximately $2,777,465.36. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of PH. Bbva Compass Bancshares Inc. boosted its position in shares of Parker-Hannifin by 1.0% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 31,180 shares of the industrial products company’s stock valued at $4,859,000 after acquiring an additional 318 shares during the last quarter. Cambria Investment Management L.P. boosted its position in shares of Parker-Hannifin by 2.7% during the 1st quarter. Cambria Investment Management L.P. now owns 12,298 shares of the industrial products company’s stock valued at $2,103,000 after acquiring an additional 320 shares during the last quarter. MUFG Americas Holdings Corp boosted its position in shares of Parker-Hannifin by 1.5% during the 2nd quarter. MUFG Americas Holdings Corp now owns 22,152 shares of the industrial products company’s stock valued at $3,452,000 after acquiring an additional 326 shares during the last quarter. Riverhead Capital Management LLC boosted its position in shares of Parker-Hannifin by 6.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,697 shares of the industrial products company’s stock valued at $888,000 after acquiring an additional 338 shares during the last quarter. Finally, Summit Trail Advisors LLC boosted its position in shares of Parker-Hannifin by 20.0% during the 1st quarter. Summit Trail Advisors LLC now owns 2,066 shares of the industrial products company’s stock valued at $220,000 after acquiring an additional 345 shares during the last quarter. Institutional investors and hedge funds own 79.52% of the company’s stock.

About Parker-Hannifin

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates in two segments, Diversified Industrial and Aerospace Systems. The Diversified Industrial segment provides static and dynamic sealing devices; filters, systems, and diagnostics solutions to monitor and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors, which control, transmit, and contain fluid; hydraulic, pneumatic, and electromechanical components and systems for builders and users of industrial and mobile machinery and equipment; and critical flow components for process instrumentation, healthcare, and ultra-high-purity applications, as well as components for use in refrigeration and air conditioning systems, and in fluid control applications for processing, fuel dispensing, beverage dispensing, and mobile emissions.

Further Reading: Price to Earnings Ratio (PE) Basics

Analyst Recommendations for Parker-Hannifin (NYSE:PH)

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