At the time of writing, Parker-Hannifin Corp [PH] stock is trading at $697.63, down -1.25%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PH shares have gain 1.14% over the last week, with a monthly amount glided 9.44%, 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 November 13, 2024, when UBS initiated its Buy rating and assigned the stock a price target of $842. Previously, Raymond James started tracking the stock with Outperform rating on June 28, 2024, and set its price target to $610. On May 28, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $650 on the stock. Truist started tracking the stock assigning a Buy rating and suggested a price target of $602 on March 14, 2024. TD Cowen upgraded its rating to a Market Perform and raised its price target to $500 on March 01, 2024. Wolfe Research downgraded its rating to Peer Perform for this stock on December 11, 2023. In a note dated November 09, 2023, Deutsche Bank upgraded an Buy rating on this stock and boosted its target price from $462 to $506.
For the past year, the stock price of Parker-Hannifin Corp fluctuated between $422.36 and $711.60. Currently, Wall Street analysts expect the stock to reach $546.07 within the next 12 months. Parker-Hannifin Corp [NYSE: PH] shares were valued at $697.63 at the most recent close of the market. An investor can expect a potential drop of -21.72% based on the average PH price forecast.
Analyzing the PH fundamentals
According to Parker-Hannifin Corp [NYSE:PH], the company’s sales were 19.99B for trailing twelve months, which represents an 1.17% jump. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.2%, 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 0.24 and Total Capital is 0.18. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.79.
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 693.65 points at the first support level, and at 689.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 703.81, and for the 2nd resistance point, it is at 709.98.
Ratios To Look Out For
It is important to note that Parker-Hannifin Corp [NYSE:PH] has a current ratio of 0.96. As well, the Quick Ratio is 0.57, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 4.49, the price to book ratio is 6.97 and price to earnings (TTM) ratio is 31.50.
Transactions by insiders
Recent insider trading involved Gentile Thomas C, VP-Global Supply Chain, that happened on Nov 06 ’24 when 2430.0 shares were sold. Chief Executive Officer, Parmentier Jennifer A completed a deal on Nov 06 ’24 to sell 4906.0 shares. Meanwhile, VP & Pres.- Motion Sys. Grp. Bracht Berend sold 1551.0 shares on Nov 06 ’24.
