Parker-Hannifin (NYSE:PH) Price Target Lowered to $335.00 at Deutsche Bank Aktiengesellschaft

Parker-Hannifin (NYSE:PHGet Rating) had its price target reduced by equities research analysts at Deutsche Bank Aktiengesellschaft from $343.00 to $335.00 in a note issued to investors on Thursday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 22.46% from the stock’s previous close.

A number of other research firms have also recently weighed in on PH. Barclays lowered their price target on shares of Parker-Hannifin from $376.00 to $350.00 and set an “overweight” rating on the stock in a report on Monday, April 4th. Jefferies Financial Group lowered their price target on shares of Parker-Hannifin from $380.00 to $350.00 and set a “buy” rating on the stock in a report on Friday, March 4th. StockNews.com began coverage on shares of Parker-Hannifin in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Finally, Mizuho lowered their target price on shares of Parker-Hannifin from $345.00 to $305.00 and set a “neutral” rating for the company in a research note on Wednesday, March 9th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $358.67.

NYSE PH opened at $273.55 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.07 and a current ratio of 1.50. The company has a market capitalization of $35.15 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 1.65 and a beta of 1.65. The company’s 50-day simple moving average is $288.90 and its two-hundred day simple moving average is $303.26. Parker-Hannifin has a one year low of $266.94 and a one year high of $340.00.

Parker-Hannifin (NYSE:PHGet Rating) last released its quarterly earnings results on Thursday, February 3rd. The industrial products company reported $4.46 earnings per share for the quarter, beating analysts’ consensus estimates of $3.85 by $0.61. Parker-Hannifin had a net margin of 11.87% and a return on equity of 27.26%. The business had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same period last year, the business earned $3.44 EPS. The company’s revenue was up 12.1% compared to the same quarter last year. Equities analysts expect that Parker-Hannifin will post 18.15 earnings per share for the current fiscal year.

In other Parker-Hannifin news, VP Robert W. Malone sold 5,077 shares of the firm’s stock in a transaction that occurred on Friday, February 4th. The shares were sold at an average price of $310.00, for a total transaction of $1,573,870.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.47% of the company’s stock.

Large investors have recently bought and sold shares of the company. Country Trust Bank purchased a new position in shares of Parker-Hannifin during the 4th quarter valued at approximately $27,000. Assetmark Inc. increased its holdings in shares of Parker-Hannifin by 2,125.0% during the 3rd quarter. Assetmark Inc. now owns 89 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 85 shares in the last quarter. JFS Wealth Advisors LLC purchased a new position in shares of Parker-Hannifin during the 3rd quarter valued at approximately $31,000. Farmers & Merchants Investments Inc. increased its holdings in shares of Parker-Hannifin by 48.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 111 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 36 shares in the last quarter. Finally, Equitec Proprietary Markets LLC purchased a new stake in Parker-Hannifin in the 4th quarter worth $35,000. 78.39% of the stock is owned by hedge funds and other institutional investors.

Parker-Hannifin Company Profile (Get Rating)

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments, Diversified Industrial and Aerospace Systems. The Company's Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; 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; control solutions for extreme corrosion resistance, temperatures, pressures, and precise flow; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.

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