Media coverage about Parker-Hannifin (NYSE:PH) has been trending positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Parker-Hannifin earned a media sentiment score of 0.29 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 46.5083399897518 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s rankings:
Several research analysts have commented on the company. Jefferies Group reaffirmed a “hold” rating and set a $200.00 target price on shares of Parker-Hannifin in a report on Wednesday, March 7th. Robert W. Baird raised Parker-Hannifin from a “neutral” rating to an “outperform” rating and set a $203.00 target price on the stock in a report on Thursday, March 8th. Wells Fargo reaffirmed a “hold” rating and set a $200.00 target price (down from $235.00) on shares of Parker-Hannifin in a report on Thursday, March 8th. Buckingham Research reissued a “neutral” rating and issued a $210.00 price objective on shares of Parker-Hannifin in a research report on Friday, January 19th. They noted that the move was a valuation call. Finally, Cowen reissued a “hold” rating and issued a $180.00 price objective on shares of Parker-Hannifin in a research report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $202.75.
Parker-Hannifin (NYSE PH) traded up $2.63 during mid-day trading on Friday, hitting $182.71. The stock had a trading volume of 1,168,823 shares, compared to its average volume of 1,143,443. Parker-Hannifin has a 1 year low of $151.17 and a 1 year high of $212.80. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.99 and a current ratio of 1.49. The company has a market cap of $24,370.00, a price-to-earnings ratio of 21.39, a PEG ratio of 1.55 and a beta of 1.37.
Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, February 1st. The industrial products company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.08. Parker-Hannifin had a return on equity of 23.15% and a net margin of 6.54%. The business had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same period in the previous year, the company posted $1.91 EPS. The firm’s revenue was up 26.2% compared to the same quarter last year. equities analysts forecast that Parker-Hannifin will post 9.97 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Friday, February 9th were given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date was Thursday, February 8th. Parker-Hannifin’s payout ratio is 30.91%.
In related news, Director Joseph Scaminace sold 1,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $184.97, for a total value of $184,970.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Roger S. Sherrard sold 2,109 shares of the business’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $182.12, for a total value of $384,091.08. Following the completion of the sale, the vice president now directly owns 51,865 shares of the company’s stock, valued at $9,445,653.80. The disclosure for this sale can be found here. Insiders sold a total of 4,258 shares of company stock valued at $780,753 over the last ninety days. 1.12% of the stock is currently owned by corporate 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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