Parker-Hannifin (PH) Receiving Somewhat Favorable Press Coverage, Report Shows

Headlines about Parker-Hannifin (NYSE:PH) have trended somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Parker-Hannifin earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 46.3435325585334 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the headlines that may have effected Accern’s scoring:

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Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Monday, March 19th. Wells Fargo reissued a “hold” rating and set a $200.00 price objective (down previously from $235.00) on shares of Parker-Hannifin in a research note on Thursday, March 8th. Robert W. Baird raised shares of Parker-Hannifin from a “neutral” rating to an “outperform” rating and set a $203.00 price objective on the stock in a research note on Thursday, March 8th. Jefferies Group reissued a “hold” rating and set a $200.00 price objective on shares of Parker-Hannifin in a research note on Wednesday, March 7th. Finally, Citigroup boosted their price objective on shares of Parker-Hannifin from $195.00 to $220.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company’s stock. Parker-Hannifin has a consensus rating of “Hold” and an average price target of $202.75.

Shares of PH stock traded down $6.63 during midday trading on Friday, hitting $169.24. 1,433,365 shares of the stock traded hands, compared to its average volume of 1,071,209. The company has a market capitalization of $23,399.24, a P/E ratio of 26.40, a PEG ratio of 1.52 and a beta of 1.38. Parker-Hannifin has a 52-week low of $151.17 and a 52-week high of $212.80. The company has a current ratio of 1.49, a quick ratio of 0.99 and a debt-to-equity ratio of 0.87.

Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, February 1st. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.08. The firm had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.33 billion. Parker-Hannifin had a net margin of 6.54% and a return on equity of 23.15%. The business’s revenue was up 26.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.91 earnings per share. equities research analysts forecast that Parker-Hannifin will post 9.97 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Friday, February 9th were paid a $0.66 dividend. The ex-dividend date was Thursday, February 8th. This represents a $2.64 annualized dividend and a dividend yield of 1.56%. Parker-Hannifin’s dividend payout ratio is presently 41.19%.

In other news, Director Joseph Scaminace sold 1,149 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $184.24, for a total value of $211,691.76. Following the transaction, the director now owns 14,189 shares in the company, valued at $2,614,181.36. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Roger S. Sherrard sold 2,109 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $182.12, for a total transaction of $384,091.08. Following the completion of the transaction, the vice president now owns 51,865 shares in the company, valued at approximately $9,445,653.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,258 shares of company stock worth $780,753. Insiders own 1.12% of the company’s stock.

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Parker-Hannifin 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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