News articles about Parker Hannifin (NYSE:PH) have been trending positive this week, according to Accern. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Parker Hannifin earned a daily sentiment score of 0.29 on Accern’s scale. Accern also assigned news articles 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 company’s share price in the near future.
These are some of the media headlines that may have effected Accern’s rankings:
Several analysts have commented on PH shares. Jefferies Group reiterated a “hold” rating and set a $200.00 target price on shares of Parker Hannifin in a research note on Wednesday, March 7th. Cowen reissued a “hold” rating and set a $180.00 price target on shares of Parker Hannifin in a report on Wednesday, January 10th. Zacks Investment Research cut Parker Hannifin from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Wells Fargo raised their price target on Parker Hannifin from $205.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, January 18th. Finally, Citigroup raised their price objective on Parker Hannifin from $195.00 to $220.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. Parker Hannifin presently has an average rating of “Hold” and an average target price of $202.75.
NYSE PH opened at $167.44 on Friday. The firm has a market capitalization of $22,277.56, a price-to-earnings ratio of 20.65, a PEG ratio of 1.44 and a beta of 1.42. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.99 and a current ratio of 1.49. Parker Hannifin has a 12-month low of $151.17 and a 12-month high of $212.80.
Parker Hannifin (NYSE:PH) last announced its quarterly earnings data on Thursday, February 1st. The industrial products company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $3.33 billion. During the same period in the previous year, the company earned $1.91 earnings per share. The business’s quarterly revenue was up 26.2% compared to the same quarter last year. sell-side analysts anticipate that Parker Hannifin will post 9.98 EPS for the current year.
In related news, VP Roger S. Sherrard sold 2,109 shares of the company’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $182.12, for a total transaction of $384,091.08. Following the completion of the transaction, the vice president now owns 51,865 shares in the company, valued at approximately $9,445,653.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Joseph Scaminace sold 1,149 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $184.24, for a total transaction of $211,691.76. Following the transaction, the director now owns 14,189 shares of the company’s stock, valued at approximately $2,614,181.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,258 shares of company stock valued at $780,753. Insiders own 1.12% of the company’s stock.
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Parker Hannifin Company Profile
Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates in two segments, Diversified Industrial and Aerospace Systems. The Diversified Industrial segment provides static and dynamic sealing devices; filters, systems, and diagnostics solutions to monitor and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors, which control, transmit, and contain fluid; hydraulic, pneumatic, and electromechanical components and systems for builders and users of industrial and mobile machinery and equipment; and critical flow components for process instrumentation, healthcare, and ultra-high-purity applications, as well as components for use in refrigeration and air conditioning systems, and in fluid control applications for processing, fuel dispensing, beverage dispensing, and mobile emissions.
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