News headlines about Parker-Hannifin (NYSE:PH) have been trending positive on Monday, according to Accern Sentiment. The research group rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Parker-Hannifin earned a daily sentiment score of 0.33 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 47.0264252096454 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern’s rankings:
- Parker Scheduled to Present at the Bank of America Merrill Lynch Global Industrials Conference on March 20 at 11:25 a.m. Greenwich Mean Time (7:25 a.m. Eastern Time) (finance.yahoo.com)
- Analysts Anticipate Parker-Hannifin Corp (PH) Will Announce Quarterly Sales of $3.66 Billion (americanbankingnews.com)
- Parker-Hannifin Corp (PH) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Robert W. Baird Upgrades Parker-Hannifin (PH) to Outperform (americanbankingnews.com)
- Lookout for Volatility – Parker-Hannifin Corporation, (NYSE: PH) – Stock Watch (stocksnewstimes.com)
PH has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Parker-Hannifin from a “hold” rating to a “buy” rating and set a $236.00 target price for the company in a research note on Thursday, January 18th. BMO Capital Markets boosted their target price on shares of Parker-Hannifin to $225.00 and gave the company an “outperform” rating in a research note on Thursday, January 4th. Wells Fargo & Co reissued a “hold” rating and set a $200.00 target price (down from $235.00) on shares of Parker-Hannifin in a research note on Thursday. Buckingham Research reissued a “neutral” rating and set a $210.00 target price on shares of Parker-Hannifin in a research note on Friday, January 19th. They noted that the move was a valuation call. Finally, ValuEngine lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. Parker-Hannifin presently has a consensus rating of “Hold” and a consensus price target of $201.41.
Parker-Hannifin (NYSE:PH) last released its quarterly earnings results on Thursday, February 1st. The industrial products company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.08. Parker-Hannifin had a net margin of 6.54% and a return on equity of 23.15%. The company had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same period in the previous year, the firm earned $1.91 EPS. Parker-Hannifin’s revenue was up 26.2% on a year-over-year basis. sell-side analysts anticipate that Parker-Hannifin will post 9.97 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 9th were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.45%. Parker-Hannifin’s dividend payout ratio (DPR) is 30.91%.
In other Parker-Hannifin news, Director Joseph Scaminace sold 1,149 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $184.24, for a total transaction of $211,691.76. Following the sale, the director now directly owns 14,189 shares in the company, valued at approximately $2,614,181.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.12% of the stock is currently owned by insiders.
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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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