Parker-Hannifin Corp. (NYSE: PH) On Tuesday, plunged -4.14% from the previous trading day, before settling in for the closing price of $600.20. Within the past 52 weeks, PH’s price has moved between $362.49 and $601.30.
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During the last 5-year period, the sales growth of Industrials Sector giant was 7.14%. The company achieved an average annual earnings per share of 5.26%. With a float of $127.86 million, this company’s outstanding shares have now reached $128.60 million.
Let’s determine the extent of company efficiency that accounts for 61120 employees. In terms of profitability, gross margin is 35.84%, operating margin of 18.89%, and the pretax margin is 18.04%.
Parker-Hannifin Corp. (PH) Insider Activity
Observing investor behavior towards Specialty Industrial Machinery industry stocks is more important than anything else. The insider ownership of Parker-Hannifin Corp. is 0.57%, while institutional ownership is 83.60%. The most recent insider transaction that took place on Aug 26 ’24, was worth 503,982. In this transaction VP & Pres.- Motion Sys. Grp. of this company sold 850 shares at a rate of $592.92, taking the stock ownership to the 3,350 shares. Before that another transaction happened on Aug 22 ’24, when Company’s Chief Executive Officer sold 2,641 for $588.59, making the entire transaction worth $1,554,460. This insider now owns 33,607 shares in total.
Parker-Hannifin Corp. (PH) Earnings and Forecasts
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 5.96 earnings per share (EPS) for the period topping the consensus outlook (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 5.26% 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
Parker-Hannifin Corp. (PH) is currently performing well based on its current performance indicators. A quick ratio of 0.55 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.71. Likewise, its price to free cash flow for the trailing twelve months is 24.79.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 21.79, a number that is poised to hit 6.14 in the next quarter and is forecasted to reach 29.28 in one year’s time.
Technical Analysis of Parker-Hannifin Corp. (PH)
Looking closely at Parker-Hannifin Corp. (NYSE: PH), its last 5-days average volume was 0.49 million, which is a drop from its year-to-date volume of 0.66 million. As of the previous 9 days, the stock’s Stochastic %D was 67.27%. Additionally, its Average True Range was 14.30.
During the past 100 days, Parker-Hannifin Corp.’s (PH) raw stochastic average was set at 76.10%, which indicates a significant increase from 11.46% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.54% in the past 14 days, which was lower than the 30.79% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $548.26, while its 200-day Moving Average is $516.86. However, in the short run, Parker-Hannifin Corp.’s stock first resistance to watch stands at $589.94. Second resistance stands at $604.53. The third major resistance level sits at $613.51. If the price goes on to break the first support level at $566.38, it is likely to go to the next support level at $557.40. Should the price break the second support level, the third support level stands at $542.81.
Parker-Hannifin Corp. (NYSE: PH) Key Stats
Market capitalization of the company is 73.99 billion based on 128,541K outstanding shares. Right now, sales total 19,930 M and income totals 2,844 M. The company made 5,187 M in profit during its latest quarter, and 784,960 K in sales during its previous quarter.
