Parker-Hannifin Corp (NYSE: PH) is -4.07% lower on its value in year-to-date trading and has touched a low of $488.45 and a high of $718.44 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PH stock was last observed hovering at around $605.06 in the last trading session, with the day’s gains setting it 5.06%.
Currently trading at $610.12, the stock is 6.89% and 0.31% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.24 million and changing 0.84% at the moment leaves the stock -2.73% off its SMA200. PH registered 10.04% gain for a year compared to 6-month loss of -2.17%. The firm has a 50-day simple moving average (SMA 50) of $608.2136 and a 200-day simple moving average (SMA200) of $627.2706.
The stock witnessed a 0.04% gain in the last 1 month and extending the period to 3 months gives it a -13.32%, and is 2.23% up 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 2.88% over the week and 5.28% over the month.
Parker-Hannifin Corp (PH) has around 61120 employees, a market worth around $78.56B and $19.91B in sales. Current P/E ratio is 25.24 and Fwd P/E is 21.00. Profit margin for the company is 15.87%. Distance from 52-week low is 24.91% and -15.08% from its 52-week high. The company has generated returns on investments over the last 12 months (15.96%).
with sales reaching $5.21B over the same period.The EPS is expected to grow by 5.23% this year, but quarterly earnings will post -0.42% year-over-year. Quarterly sales are estimated to grow 0.40% in year-over-year returns.
2079.0 institutions hold shares in Parker-Hannifin Corp (PH), with institutional investors hold 88.66% of the company’s shares. The shares outstanding are 128.76M, and float is at 128.49M with Short Float at 1.06%. Institutions hold 88.42% of the Float.
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 8.285 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 6.7812 of the shares outstanding. The other top investors are STATE STREET CORP which holds 5.45 million shares representing 4.2403 and valued at over $2.76 billion, while BANK OF AMERICA CORP /DE/ holds 3.2424 of the shares totaling 4.17 million with a market value of $2.11 billion.
Parker-Hannifin Corp (PH) Insider Activity
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).
