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A number of other research firms have also recently weighed in on PH. Robert W. Baird raised their price target on Parker-Hannifin from $695.00 to $710.00 and gave the company an "outperform" rating in a report on Friday, November 1st. TD Cowen raised their target price on Parker-Hannifin from $520.00 to $575.00 and gave the company a "hold" rating in a research note on Tuesday, November 12th. KeyCorp upped their price target on shares of Parker-Hannifin from $775.00 to $790.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Citigroup initiated coverage on shares of Parker-Hannifin in a research report on Friday. They issued a "buy" rating and a $795.00 price objective for the company. Finally, Barclays reduced their target price on shares of Parker-Hannifin from $800.00 to $791.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $729.18.
Get Our Latest Research Report on PH
Shares of PH opened at $683.62 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average price of $665.96 and a two-hundred day moving average price of $633.41. The stock has a market cap of $88.00 billion, a price-to-earnings ratio of 28.30, a P/E/G ratio of 2.90 and a beta of 1.45. Parker-Hannifin has a 12 month low of $492.71 and a 12 month high of $718.44.
Parker-Hannifin (NYSE:PH - Get Free Report) last posted its earnings results on Thursday, January 30th. The industrial products company reported $6.53 EPS for the quarter, topping the consensus estimate of $6.23 by $0.30. Parker-Hannifin had a return on equity of 27.34% and a net margin of 15.87%. Equities analysts predict that Parker-Hannifin will post 26.67 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of PH. West Branch Capital LLC acquired a new position in shares of Parker-Hannifin in the 3rd quarter valued at $25,000. Whipplewood Advisors LLC acquired a new position in Parker-Hannifin in the fourth quarter valued at about $25,000. Prestige Wealth Management Group LLC increased its holdings in shares of Parker-Hannifin by 83.3% in the third quarter. Prestige Wealth Management Group LLC now owns 55 shares of the industrial products company's stock worth $35,000 after acquiring an additional 25 shares in the last quarter. Bank of New Hampshire acquired a new stake in shares of Parker-Hannifin during the fourth quarter worth about $35,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of Parker-Hannifin during the 3rd quarter valued at about $39,000. 82.44% of the stock is currently owned by institutional investors and hedge funds.
Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.
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