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Parker-Hannifin Corp (NYSE:PH) stock is currently trading 2.56% below its 52-week-high, 37.75% above its 52-week-low. The 1-year stock price history is in the range of $83.32 – $117.78. Parker-Hannifin Corp (PH) has a price to earnings ratio of 21.3 versus Industrial Goods sector average of 36.38. PH stock price has outperformed the S&P 500 by 12.3%. The Diversified Manufacturing company is currently valued at $15.46 billion, and its share price closed the last trading session at $114.77. The stock has a 50-day moving average of $111.36 and a 200-day moving average of $107.39.
Parker-Hannifin Corp (PH) current short interest stands at 4.03 million shares. It has increased by 16% from the same period of last month. Around 4% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.58 million shares, the number of days required to cover the short positions stand at 7 days.
Parker-Hannifin Corp (PH) expects to post results on August 04. The Diversified Manufacturing company announced last quarter earnings per share of $1.51 against a consensus Street estimate of $1.46, beating the average estimate by $0.05. The company posted a revenue of $2.83 billion compared to an estimation of $2.83 billion.
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There are currently twenty-two analysts that cover Parker-Hannifin Corp stock. Of those twenty-two, three have a Buy rating, sixteen have a Hold rating and three have a Sell rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $112.82.
A recent analyst activity consisted of JP Morgan downgrading their Neutral rating to Underweight on June 27. JP Morgan decreased price target from $110 to $98. This corresponds to a 14.61% downside from the last closing price. On the date of report, the stock closed at $100.53.
Avondale Partners initiated their coverage on the stock with Market Perform rating on April 7, and fixed their price target at $120. This corresponds to a 4.56% upside from the last closing price. On the date of report, the stock closed at $108.42.
Another research firm was Barclays who initiated their coverage on the stock with Equal-weight rating on April 1. Barclays fixed their price target at $116. This translates to a 1.07% upside from the last closing price. On the date of report, the stock closed at $111.19.
Parker-Hannifin Corporation manufactures motion control products, including fluid power systems, electromechanical controls, and related components. The Company also produces fluid purification, fluid flow, process instrumentation, air conditioning, refrigeration, and electromagnetic shielding and thermal management products.