Analyst Price Target Update on Parker-Hannifin Corporation (NYSE:PH)

Parker-Hannifin Corporation (NYSE:PH) shares are expected to touch $113.22 in the short term. This short term price target has been shared by 9 analysts. However, the standard deviation of short term price estimate has been valued at 9.54. The target price could hit $126 on the higher end and $100 on the lower end.

Many analysts have stated their opinion on the company shares. Avondale Partners initiates coverage on Parker-Hannifin Corporation (NYSE:PH). The current rating of the shares is Market Perform, according to the research report released by the firm. The brokerage firm announces the price target at $120 per share. The rating by the firm was issued on April 7, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities,The officer (VP-Gbl Supply Chain/Procuremnt) of Parker Hannifin Corp, Dedinsky John G Jr sold 1,500 shares at $116.96 on June 8, 2016. The Insider selling transaction had a total value worth of $175,440. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Parker-Hannifin Corporation (NYSE:PH) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.13 points or 1% at $111.57 with 1,036,753 shares getting traded. Post opening the session at $111.64, the shares hit an intraday low of $111.22 and an intraday high of $112.94 and the price was in this range throughout the day. The company has a market cap of $15,026 million and the number of outstanding shares have been calculated to be 134,681,480 shares. The 52-week high of Parker-Hannifin Corporation (NYSE:PH) is $119.68 and the 52-week low is $83.32.

Parker-Hannifin Corporation is a manufacturer of motion and control technologies and systems, providing precision engineered solutions for a wide variety of mobile, industrial and aerospace markets. The Companys manufacturing, service, sales, distribution and administrative facilities are located in the United States and in 49 other countries. Its products are supplied to approximately 450,000 customers in manufacturing, transportation and processing industry. The Company has two reporting segments: Diversified Industrial Segment products are made to original equipment manufacturers and their replacement markets in manufacturing, packaging, processing, transportation, mobile construction, refrigeration and air conditioning, agricultural and military machinery and equipment industries, and Aerospace Systems Segment products are made in the commercial and military aerospace markets to both original equipment manufacturers and to end users for spares, maintenance, repair and overhaul.

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