Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Parker-Hannifin (PH) Share Price

Media coverage about Parker-Hannifin (NYSE:PH) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Parker-Hannifin earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 46.6450093646513 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the news articles that may have effected Accern’s analysis:

Shares of Parker-Hannifin (NYSE PH) opened at $179.83 on Wednesday. The firm has a market cap of $24,079.12, a P/E ratio of 28.05, a price-to-earnings-growth ratio of 1.56 and a beta of 1.31. Parker-Hannifin has a 1-year low of $150.95 and a 1-year high of $212.80. The company has a current ratio of 1.49, a quick ratio of 0.99 and a debt-to-equity ratio of 0.87.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings results on Thursday, February 1st. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.07 by $0.08. Parker-Hannifin had a net margin of 6.54% and a return on equity of 23.15%. The firm had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the previous year, the company earned $1.91 EPS. The company’s revenue for the quarter was up 26.2% on a year-over-year basis. equities analysts predict that Parker-Hannifin will post 9.95 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 9th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.47%. Parker-Hannifin’s payout ratio is presently 41.19%.

A number of research analysts recently weighed in on the stock. Citigroup raised their target price on shares of Parker-Hannifin from $195.00 to $220.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. Cowen reissued a “hold” rating and issued a $155.00 price objective on shares of Parker-Hannifin in a research report on Sunday, October 29th. Buckingham Research started coverage on shares of Parker-Hannifin in a research note on Tuesday, October 17th. They set a “buy” rating and a $205.00 target price for the company. Robert W. Baird raised their target price on shares of Parker-Hannifin from $183.00 to $194.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Finally, Zacks Investment Research cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $200.83.

In other Parker-Hannifin news, VP Andrew D. Ross sold 2,056 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $192.14, for a total transaction of $395,039.84. Following the transaction, the vice president now owns 5,207 shares in the company, valued at $1,000,472.98. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Robert W. Bond sold 5,517 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $181.72, for a total transaction of $1,002,549.24. Following the completion of the sale, the vice president now owns 28,265 shares of the company’s stock, valued at approximately $5,136,315.80. The disclosure for this sale can be found here. Insiders have sold a total of 11,064 shares of company stock worth $2,037,489 in the last quarter. 1.12% of the stock is owned by corporate insiders.

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About Parker-Hannifin

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.

Insider Buying and Selling by Quarter for Parker-Hannifin (NYSE:PH)

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