Parker-Hannifin Corporation (PH) : Traders are bullish on Parker-Hannifin Corporation (PH) as it has outperformed the S&P 500 by a wide margin of 2.18% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.78%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.95% in the last 1 week, and is up 1.64% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.3% and the 50-Day Moving Average is 3.96%.The 200 Day SMA reached 15.18%
Parker-Hannifin Corporation (NYSE:PH): After opening at $124.36, the stock dipped to an intraday low of $124.36 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $126.59 and the buying power remained strong till the end. The stock closed at $125.53 for the day, a gain of 1.24% for the day session. The total traded volume was 1,438,406. The stocks close on the previous trading day was $125.53.
Parker-Hannifin Corporation (PH) : The consensus price target for Parker-Hannifin Corporation (PH) is $118.56 for the short term with a standard deviation of $9.85. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $130, however, the pessimist price target for the company is $105.
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.