Parker-Hannifin Corporation (NYSE:PH) : 2 brokerage houses believe that Parker-Hannifin Corporation (NYSE:PH) is a Strong Buy at current levels. 11 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Parker-Hannifin Corporation (NYSE:PH). Zacks Investment Research suggests a Buy with a rank of 2. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 14 Wall Street Analysts endorse the stock as a Hold with a rating of 2.86.
Parker-Hannifin Corporation (NYSE:PH) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $126 and the lowest price target forecast is $100. The average forecast of all the analysts is $113.22 and the expected standard deviation is $9.54.
Company shares have received an average consensus rating of Hold for the current week Also, Avondale Partners initiates coverage on Parker-Hannifin Corporation (NYSE:PH) . The global brokerage major announces a current price target of $120 per share. Analysts at the Avondale Partners have a current rating of Market Perform on the shares. The rating by the firm was issued on April 7, 2016.
Parker-Hannifin Corporation (NYSE:PH): stock turned positive on Tuesday. Though the stock opened at $101.63, the bulls momentum made the stock top out at $102.48 level for the day. The stock recorded a low of $101.15 and closed the trading day at $102.4, in the green by 1.86%. The total traded volume for the day was 1,643,561. The stock had closed at $100.53 in the previous days trading.
In an insider trading activity, Dedinsky John G Jr, officer (VP-Gbl Supply Chain/Procuremnt) of Parker Hannifin Corp, unloaded 1,500 shares at an average price of $116.96 on June 8, 2016. The total amount of the transaction was worth $175,440, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.