Parker-Hannifin Corp. (NYSE: PH) is 16.03% higher on its value in year-to-date trading and has touched a low of $362.49 and a high of $570.15 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PH stock was last observed hovering at around $561.16 in the last trading session, with the day’s loss setting it -26.62%.
Currently trading at $534.54, the stock is -0.85% and 1.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.05 million and changing -4.74% at the moment leaves the stock 7.70% off its SMA200. PH registered 29.06% gain for a year compared to 6-month gain of 15.08%.
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The stock witnessed a 4.81% loss in the last 1 month and extending the period to 3 months gives it a -1.55%, and is -1.94% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.99% over the week and 2.60% over the month.
Parker-Hannifin Corp. (PH) has around 62730 employees, a market worth around $68.71B and $19.84B in sales. Current P/E ratio is 25.18 and Fwd P/E is 20.32. Profit margin for the company is 13.95%. Distance from 52-week low is 47.46% and -6.25% from its 52-week high. The company has generated returns on investments over the last 12 months (14.66%).
The EPS is expected to grow by 15.29% this year
The shares outstanding are 128.43M, and float is at 127.79M with Short Float at 1.05%.
Parker-Hannifin Corp. (PH) Insider Activity
The most recent transaction is an insider sale by Bracht Berend, the company’s VP & Pres.- Motion Sys. Grp. SEC filings show that Bracht Berend sold 1,079 shares of the company’s common stock on May 06 ’24 at a price of $548.85 per share for a total of $0.59 million. Following the sale, the insider now owns 4200.0 shares.
Parker-Hannifin Corp. disclosed in a document filed with the SEC on May 03 ’24 that Malone Robert W (VP & Pres.-Filtration Grp.) sold a total of 2,058 shares of the company’s common stock. The trade occurred on May 03 ’24 and was made at $544.25 per share for $1.12 million. Following the transaction, the insider now directly holds 5866.0 shares of the PH stock.
Still, SEC filings show that on May 03 ’24, Bracht Berend (VP & Pres.- Motion Sys. Grp.) disposed off 1,200 shares at an average price of $539.36 for $0.65 million. The insider now directly holds 5,279 shares of Parker-Hannifin Corp. (PH).
