Shares of Parker-Hannifin Corp (NYSE:PH) have been assigned an average recommendation of “Hold” from the nineteen research firms that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $177.85.

Several research firms recently commented on PH. Morgan Stanley boosted their price objective on shares of Williams-Sonoma from $52.00 to $56.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 10th. JPMorgan Chase & Co. set a GBX 3,200 ($41.81) price objective on shares of Diageo and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Stifel Nicolaus set a $113.00 price target on shares of Neurocrine Biosciences and gave the company a “buy” rating in a research note on Monday, July 15th. Wells Fargo & Co upped their price target on shares of Apollo Global Management from $38.00 to $42.00 and gave the company an “outperform” rating in a research note on Wednesday, July 10th. Finally, Goldman Sachs Group lowered shares of Micro Focus International from a “neutral” rating to a “sell” rating in a research note on Tuesday, July 16th.

In other Parker-Hannifin news, VP Robert W. Malone sold 336 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $156.76, for a total transaction of $52,671.36. Following the transaction, the vice president now owns 24,260 shares in the company, valued at approximately $3,802,997.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.12% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Advisor Partners LLC increased its stake in shares of Parker-Hannifin by 7.8% in the second quarter. Advisor Partners LLC now owns 3,679 shares of the industrial products company’s stock worth $625,000 after acquiring an additional 267 shares during the period. Creative Planning boosted its holdings in Parker-Hannifin by 0.8% during the second quarter. Creative Planning now owns 18,239 shares of the industrial products company’s stock worth $3,101,000 after buying an additional 146 shares in the last quarter. Sumitomo Life Insurance Co. boosted its holdings in Parker-Hannifin by 2.5% during the second quarter. Sumitomo Life Insurance Co. now owns 5,822 shares of the industrial products company’s stock worth $990,000 after buying an additional 140 shares in the last quarter. Hartford Investment Management Co. boosted its holdings in Parker-Hannifin by 13.2% during the second quarter. Hartford Investment Management Co. now owns 15,990 shares of the industrial products company’s stock worth $2,718,000 after buying an additional 1,866 shares in the last quarter. Finally, Zeke Capital Advisors LLC boosted its holdings in Parker-Hannifin by 12.1% during the second quarter. Zeke Capital Advisors LLC now owns 3,409 shares of the industrial products company’s stock worth $580,000 after buying an additional 369 shares in the last quarter. Hedge funds and other institutional investors own 79.44% of the company’s stock.

NYSE PH opened at $174.89 on Wednesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.07 and a current ratio of 1.56. The company has a market cap of $22.74 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 1.61 and a beta of 1.55. The stock’s 50 day moving average price is $168.39. Parker-Hannifin has a 52 week low of $140.82 and a 52 week high of $193.19.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $3.17 EPS for the quarter, topping the consensus estimate of $3.01 by $0.16. The firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.72 billion. Parker-Hannifin had a net margin of 10.04% and a return on equity of 26.27%. Parker-Hannifin’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.80 EPS. Analysts anticipate that Parker-Hannifin will post 11.62 EPS for the current year.

About Parker-Hannifin

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates in two segments, Diversified Industrial and Aerospace Systems. The Diversified Industrial segment provides static and dynamic sealing devices; filters, systems, and diagnostics solutions to monitor and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors, which control, transmit, and contain fluid; hydraulic, pneumatic, and electromechanical components and systems for builders and users of industrial and mobile machinery and equipment; and critical flow components for process instrumentation, healthcare, and ultra-high-purity applications, as well as components for use in refrigeration and air conditioning systems, and in fluid control applications for processing, fuel dispensing, beverage dispensing, and mobile emissions.

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Analyst Recommendations for Parker-Hannifin (NYSE:PH)

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