Parker-Hannifin Corp. [PH] stock prices are down -0.36% to $567.78 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The PH shares have gain 12.14% over the last week, with a monthly amount glided 5.55%, 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.
The stock price of Parker-Hannifin Corp. [PH] has been fluctuating between $362.49 and $576.54 over the past year. Currently, Wall Street analysts expect the stock to reach $513.5 within the next 12 months. Parker-Hannifin Corp. [NYSE: PH] shares were valued at $567.78 at the most recent close of the market. An investor can expect a potential drop of -9.56% based on the average PH price forecast.
Analyzing the PH fundamentals
The Parker-Hannifin Corp. [NYSE:PH] reported sales of 19.93B for trailing twelve months, representing a surge of 1.78%. 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 0.1, Equity is 0.25 and Total Capital is 0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.87.
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 563.04 points at the first support level, and at 558.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 573.08, and for the 2nd resistance point, it is at 578.39.
Ratios To Look Out For
It’s worth pointing out that Parker-Hannifin Corp. [NYSE:PH]’s Current Ratio is 0.93. On the other hand, the Quick Ratio is 0.55, and the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 3.66, the price to book ratio is 6.30 and price to earnings (TTM) ratio is 26.05.
Transactions by insiders
Recent insider trading involved MARK HART, Officer, that happened on Aug 09 ’24 when 2058.0 shares were purchased. Officer, DINU PAREL completed a deal on Aug 09 ’24 to buy 1413.0 shares. Meanwhile, Officer Thomas Gentile bought 1029.0 shares on Aug 09 ’24.
