Press coverage about Parker-Hannifin (NYSE:PH) has been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Parker-Hannifin earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 46.9873109262965 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
A number of research firms have commented on PH. Zacks Investment Research downgraded shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Citigroup lifted their price objective on shares of Parker-Hannifin from $195.00 to $220.00 and gave the stock a “neutral” rating in a report on Tuesday, January 30th. Buckingham Research reaffirmed a “neutral” rating and issued a $210.00 price objective on shares of Parker-Hannifin in a report on Friday, January 19th. They noted that the move was a valuation call. Wells Fargo & Co lifted their price objective on shares of Parker-Hannifin from $205.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $245.00 price objective (up previously from $218.00) on shares of Parker-Hannifin in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. Parker-Hannifin presently has an average rating of “Hold” and a consensus target price of $202.06.
Parker-Hannifin (NYSE:PH) traded down $1.41 during mid-day trading on Friday, reaching $183.22. The company’s stock had a trading volume of 869,213 shares, compared to its average volume of 1,250,000. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.49 and a quick ratio of 0.99. The company has a market capitalization of $24,410.00, a PE ratio of 21.45, a price-to-earnings-growth ratio of 1.59 and a beta of 1.31. Parker-Hannifin has a 12 month low of $151.17 and a 12 month high of $212.80.
Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, February 1st. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.08. The company had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $3.33 billion. Parker-Hannifin had a return on equity of 23.15% and a net margin of 6.54%. The firm’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same period last year, the business posted $1.91 earnings per share. analysts predict that Parker-Hannifin will post 9.95 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 9th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Thursday, February 8th. Parker-Hannifin’s payout ratio is 30.91%.
In related news, Director Joseph Scaminace sold 1,000 shares of Parker-Hannifin stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $184.97, for a total transaction of $184,970.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Andrew D. Ross sold 2,056 shares of Parker-Hannifin stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $192.14, for a total transaction of $395,039.84. Following the sale, the vice president now owns 5,207 shares in the company, valued at $1,000,472.98. The disclosure for this sale can be found here. Insiders sold 6,547 shares of company stock worth $1,219,910 over the last quarter. 1.12% of the stock is currently owned by company insiders.
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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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