On Tuesday, Parker-Hannifin Corp. (NYSE: PH) opened lower -0.72% from the last session, before settling in for the closing price of $586.50. Price fluctuations for PH have ranged from $362.49 to $593.28 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Industrials Sector giant saw their annual sales surged by 7.14% over the last five years. Company’s average yearly earnings per share was noted 5.19% at the time writing. With a float of $127.66 million, this company’s outstanding shares have now reached $128.43 million.
The firm has a total of 62730 workers. Let’s measure their productivity. In terms of profitability, gross margin is 35.78%, operating margin of 18.76%, and the pretax margin is 18.04%.
Parker-Hannifin Corp. (PH) Insider Activity
A key investor’s attitude towards the stock of the Specialty Industrial Machinery industry is another important factor to consider. The insider ownership of Parker-Hannifin Corp. is 0.69%, while institutional ownership is 84.28%. The most recent insider transaction that took place on Aug 16 ’24, was worth 1,902,878. In this transaction Pres.& Chief Operating Officer of this company sold 3,233 shares at a rate of $588.58, taking the stock ownership to the 13,120 shares. Before that another transaction happened on Aug 15 ’24, when Company’s Director sold 1,751 for $589.73, making the entire transaction worth $1,032,617. This insider now owns 3,900 shares in total.
Parker-Hannifin Corp. (PH) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 5.96 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 5.31) by 0.65. Wall Street market experts anticipate that the next fiscal year will bring earnings of 6.38 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 5.19% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.69% during the next five years compared to 13.73% growth over the previous five years of trading.
Parker-Hannifin Corp. (NYSE: PH) Trading Performance Indicators
Check out the current performance indicators for Parker-Hannifin Corp. (PH). In the past quarter, the stock posted a quick ratio of 0.55. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.76. Likewise, its price to free cash flow for the trailing twelve months is 25.03.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 21.80, a number that is poised to hit 6.14 in the next quarter and is forecasted to reach 29.45 in one year’s time.
Technical Analysis of Parker-Hannifin Corp. (PH)
Analysing the last 5-days average volume posted by the [Parker-Hannifin Corp., PH], we can find that recorded value of 0.62 million was lower than the volume posted last year of 0.67 million. As of the previous 9 days, the stock’s Stochastic %D was 84.12%. Additionally, its Average True Range was 15.95.
During the past 100 days, Parker-Hannifin Corp.’s (PH) raw stochastic average was set at 89.07%, which indicates a significant increase from 88.97% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 53.47% in the past 14 days, which was higher than the 30.32% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $534.98, while its 200-day Moving Average is $508.89. Now, the first resistance to watch is $588.46. This is followed by the second major resistance level at $594.62. The third major resistance level sits at $599.65. If the price goes on to break the first support level at $577.27, it is likely to go to the next support level at $572.24. Should the price break the second support level, the third support level stands at $566.08.
Parker-Hannifin Corp. (NYSE: PH) Key Stats
There are currently 128,541K shares outstanding in the company with a market cap of 74.85 billion. Presently, the company’s annual sales total 19,930 M according to its annual income of 2,844 M. Last quarter, the company’s sales amounted to 5,187 M and its income totaled 784,960 K.
