Parker-Hannifin (NYSE:PH) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Parker-Hannifin Corporation (NYSE:PH) passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $949.30 and traded as high as $965.83. Parker-Hannifin shares last traded at $955.9870, with a volume of 716,837 shares traded.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PH. Susquehanna upped their price target on shares of Parker-Hannifin from $1,100.00 to $1,250.00 and gave the stock a “positive” rating in a report on Friday, August 7th. Stifel Nicolaus set a $1,002.00 price objective on shares of Parker-Hannifin in a research note on Monday, October 19th. TD Cowen boosted their price objective on shares of Parker-Hannifin from $850.00 to $950.00 and gave the company a “hold” rating in a research report on Wednesday, October 14th. Wells Fargo & Company assumed coverage on Parker-Hannifin in a research note on Thursday, September 24th. They set an “equal weight” rating and a $1,050.00 target price for the company. Finally, Mizuho set a $1,200.00 target price on Parker-Hannifin in a report on Thursday, October 15th. Eighteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Parker-Hannifin presently has an average rating of “Moderate Buy” and an average price target of $1,146.35.

Parker-Hannifin Stock Performance

The company’s 50-day simple moving average is $945.68 and its 200-day simple moving average is $949.65. The stock has a market capitalization of $122.64 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 2.28 and a beta of 1.15. The company has a current ratio of 0.94, a quick ratio of 0.55 and a debt-to-equity ratio of 0.79.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings results on Thursday, November 5th. The industrial products company reported $8.90 EPS for the quarter, topping analysts’ consensus estimates of $8.21 by $0.69. Parker-Hannifin had a net margin of 16.62% and a return on equity of 28.80%. The company had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.81 billion. During the same quarter in the previous year, the business earned $7.22 earnings per share. Parker-Hannifin’s revenue was up 17.9% compared to the same quarter last year. Parker-Hannifin has set its FY 2027 guidance at 36.450-37.250 EPS. On average, analysts expect that Parker-Hannifin Corporation will post 37.07 EPS for the current year.

Parker-Hannifin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, November 13th. Parker-Hannifin’s payout ratio is 27.47%.

Insider Buying and Selling at Parker-Hannifin

In other news, VP Berend Bracht sold 602 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $1,040.47, for a total transaction of $626,362.94. Following the completion of the transaction, the vice president directly owned 4,399 shares in the company, valued at $4,577,027.53. This trade represents a 12.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.35% of the company’s stock.

Institutional Trading of Parker-Hannifin

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Polaris Financial Partners acquired a new position in shares of Parker-Hannifin in the 3rd quarter worth approximately $26,000. Archer Investment Corp acquired a new stake in shares of Parker-Hannifin during the second quarter worth $28,000. Latitude Advisors LLC acquired a new stake in shares of Parker-Hannifin during the third quarter worth $27,000. Team Financial Group LLC bought a new position in Parker-Hannifin during the third quarter worth $28,000. Finally, Pension & Wealth Management Advisors Inc. bought a new position in Parker-Hannifin during the third quarter worth $30,000. Institutional investors and hedge funds own 82.44% of the company’s stock.

Parker-Hannifin Company Profile

Parker-Hannifin is a global manufacturer of motion and control technologies. Its products include hydraulic and pneumatic systems, fluid connectors, filtration and sealing products, electromechanical components, and systems for aerospace and climate control applications. The company serves customers across industries such as aerospace, manufacturing, transportation, energy, and life sciences. Its operations span markets around the world, with businesses organized around industrial and aerospace products and services.