At the time of writing, Parker-Hannifin Corp. [PH] stock is trading at $568.68, up 4.39%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PH shares have gain 11.80% over the last week, with a monthly amount glided 7.52%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Parker-Hannifin Corp. [NYSE: PH] stock has seen the most recent analyst activity on June 28, 2024, when Raymond James initiated its Outperform rating and assigned the stock a price target of $610. Previously, Mizuho upgraded its rating to Buy on May 28, 2024, and elevated its price target to $650. On March 14, 2024, Truist initiated with a Buy rating and assigned a price target of $602 on the stock. TD Cowen upgraded its rating to a Market Perform and increased its price target to $500 on March 01, 2024. Wolfe Research downgraded its rating to a Peer Perform. Deutsche Bank upgraded its rating to Buy for this stock on November 09, 2023, and upped its price target to $506. In a note dated October 05, 2023, BofA Securities upgraded an Buy rating on this stock and boosted its target price from $435 to $475.
For the past year, the stock price of Parker-Hannifin Corp. fluctuated between $362.49 and $570.15. Currently, Wall Street analysts expect the stock to reach $510.64 within the next 12 months. Parker-Hannifin Corp. [NYSE: PH] shares were valued at $568.68 at the most recent close of the market. An investor can expect a potential drop of -10.21% based on the average PH price forecast.
Analyzing the PH fundamentals
According to Parker-Hannifin Corp. [NYSE:PH], the company’s sales were 19.84B for trailing twelve months, which represents an 0.25% jump. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.25 and Total Capital is 0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.98.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 553.99 points at the first support level, and at 539.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 576.13, and for the 2nd resistance point, it is at 583.59.
Ratios To Look Out For
It is important to note that Parker-Hannifin Corp. [NYSE:PH] has a current ratio of 0.87. In addition, the Quick Ratio stands at 0.50 and the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 3.68, the price to book ratio is 6.31 and price to earnings (TTM) ratio is 26.79.
Transactions by insiders
Recent insider trading involved Bracht Berend, VP & Pres.- Motion Sys. Grp., that happened on May 06 ’24 when 1079.0 shares were sold. VP & Pres.-Filtration Grp., Malone Robert W completed a deal on May 03 ’24 to sell 2058.0 shares. Meanwhile, VP & Pres.- Motion Sys. Grp. Bracht Berend sold 1200.0 shares on May 03 ’24.
