Press coverage about Parker-Hannifin Corporation (NYSE:PH) has been trending somewhat negative recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Parker-Hannifin Corporation earned a coverage optimism score of 0.00 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 61 out of 100, meaning that recent media coverage is somewhat likely to have an impact on the company’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Parker-Hannifin Corporation (PH) Expected to Post Earnings of $2.32 Per Share (americanbankingnews.com)
- Parker Hannifin : Aerospace to Supply Wheels & Brakes for the Cessna Denali Aircraft (4-traders.com)
- Parker Hannifin Opens Emerging Technologies Learning Center (mdm.com)
- Colfax’s Near & Long-Term Potential Solid: Should You Add? (zacks.com)
- Parker Hannifin : Elects Todd M. Leombruno as Vice President and Controller (4-traders.com)
Shares of Parker-Hannifin Corporation (NYSE:PH) traded down 0.50% during mid-day trading on Tuesday, hitting $163.53. The company’s stock had a trading volume of 1,120,760 shares. The company has a 50-day moving average of $158.06 and a 200 day moving average of $153.03. Parker-Hannifin Corporation has a 1-year low of $99.10 and a 1-year high of $166.60. The company has a market cap of $21.78 billion, a price-to-earnings ratio of 23.82 and a beta of 1.32.
Parker-Hannifin Corporation (NYSE:PH) last released its earnings results on Thursday, April 27th. The industrial products company reported $2.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.86 by $0.25. The firm had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.03 billion. Parker-Hannifin Corporation had a net margin of 8.11% and a return on equity of 22.14%. The business’s revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the business earned $1.51 EPS. On average, analysts expect that Parker-Hannifin Corporation will post $7.91 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 2nd. Stockholders of record on Wednesday, May 10th were issued a $0.66 dividend. The ex-dividend date was Monday, May 8th. This represents a $2.64 annualized dividend and a dividend yield of 1.61%. Parker-Hannifin Corporation’s dividend payout ratio (DPR) is presently 38.54%.
Several brokerages have recently commented on PH. ValuEngine raised Parker-Hannifin Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. Credit Suisse Group set a $189.00 price target on Parker-Hannifin Corporation and gave the company a “buy” rating in a research report on Sunday, May 28th. J P Morgan Chase & Co set a $175.00 price target on Parker-Hannifin Corporation and gave the company a “buy” rating in a research report on Thursday, May 18th. Barclays PLC set a $162.00 price target on Parker-Hannifin Corporation and gave the company a “hold” rating in a research report on Sunday, April 30th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $175.00 target price on shares of Parker-Hannifin Corporation in a research report on Thursday, April 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. Parker-Hannifin Corporation currently has a consensus rating of “Buy” and an average price target of $160.00.
In other news, VP John G. Dedinsky, Jr. sold 2,530 shares of the firm’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $160.98, for a total value of $407,279.40. Following the completion of the sale, the vice president now owns 21,753 shares in the company, valued at approximately $3,501,797.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Martin C. Maxwell sold 2,850 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $160.08, for a total transaction of $456,228.00. Following the completion of the transaction, the vice president now directly owns 21,968 shares in the company, valued at approximately $3,516,637.44. The disclosure for this sale can be found here. Insiders sold a total of 39,998 shares of company stock valued at $6,420,980 in the last 90 days. Company insiders own 2.73% of the company’s stock.
Parker-Hannifin Corporation Company Profile
Parker-Hannifin Corporation is a manufacturer of motion and control technologies and systems, providing precision engineered solutions for a range of mobile, industrial and aerospace markets. The Company operates through segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial Segment is an aggregation of several business units, which manufacture motion-control and fluid power system components for builders and users of various types of manufacturing, packaging, processing, transportation, agricultural, construction, and military vehicles and equipment.
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