Parker-Hannifin Corp (NYSE: PH) is 0.63% higher on its value in year-to-date trading and has touched a low of $492.71 and a high of $718.44 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 $624.90 in the last trading session, with the day’s gains setting it 15.15%.
Currently trading at $640.05, the stock is -4.99% and -3.65% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.24 million and changing 2.42% at the moment leaves the stock 4.55% off its SMA200. PH registered 19.01% gain for a year compared to 6-month gain of 6.64%.
The stock witnessed a -8.01% loss in the last 1 month and extending the period to 3 months gives it a -8.94%, and is -3.11% 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 3.89% over the week and 2.73% over the month.
Parker-Hannifin Corp (PH) has around 61120 employees, a market worth around $82.42B and $19.91B in sales. Current P/E ratio is 26.48 and Fwd P/E is 21.75. Profit margin for the company is 15.87%. Distance from 52-week low is 29.90% and -10.91% from its 52-week high. The company has generated returns on investments over the last 12 months (15.96%).
The EPS is expected to grow by 5.15% this year
The shares outstanding are 128.76M, and float is at 128.12M with Short Float at 0.88%.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 10.65 million shares valued at $5.39 billion. The investor’s holdings represent 8.2853 of the PH Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 8.71 million shares valued at $4.41 billion to account for 6.7815 of the shares outstanding. The other top investors are STATE STREET CORP which holds 5.45 million shares representing 4.2404 and valued at over $2.76 billion, while BANK OF AMERICA CORP /DE/ holds 3.2425 of the shares totaling 4.17 million with a market value of $2.11 billion.
Parker-Hannifin Corp (PH) Insider Activity
A total of 0 insider transactions have happened at Parker-Hannifin Corp (PH) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by Czaja Mark T, the company’s VP & Chief Tech. & Innov. Off. SEC filings show that Czaja Mark T sold 375 shares of the company’s common stock on Jan 31 ’25 at a price of $711.86 per share for a total of $0.27 million. Following the sale, the insider now owns 3238.0 shares.
Still, SEC filings show that on Nov 15 ’24, SCAMINACE JOSEPH (Director) disposed off 663 shares at an average price of $697.91 for $0.46 million. The insider now directly holds 3,237 shares of Parker-Hannifin Corp (PH).
Parker-Hannifin Corp (PH): Who are the competitors?
One of the company’s main competitors (and peers) include Danaher Corp. (DHR) that is trading -16.74% down over the past 12 months.Honeywell International Inc. (HON) lies in the list of competitors of the Parker-Hannifin Corp and is 4.55% higher over the same period from PHEaton Corp. PLC (ETN) is -3.04% down on the 1-year trading charts.
