Parker-Hannifin Corporation (PH) has risen sharply, recording gains of 7.93% in the past 4 weeks. However, the stock has corrected -0.91% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 8.15% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 2.18% and the fifty day Moving Average is 7.64%. Parker-Hannifin Corporation is up 8.68% in the last three month period. Year-to-Date the stock performance stands at 29.26%.
Parker-Hannifin Corporation (PH) : 9 investment research analysts covering Parker-Hannifin Corporation (PH) have an average price target of $117.44 for the near short term. The highest target price given by the Brokerage Firm to the stock is $130 and the lowest target is $105 for the short term. Analysts expect the variance to be within $8.92 of the average price.
Parker-Hannifin Corporation (NYSE:PH): On Fridays trading session , Opening price of the stock was $123.96 with an intraday high of $125. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $122.73. However, the stock managed to close at $123.24, a loss of 0.26% for the day. On the previous day, the stock had closed at $123.56. The total traded volume of the day was 684,705 shares.
Parker-Hannifin Corporation is a manufacturer of motion and control technologies and systems, providing precision engineered solutions for a wide variety of mobile, industrial and aerospace markets. The Companys manufacturing, service, sales, distribution and administrative facilities are located in the United States and in 49 other countries. Its products are supplied to approximately 450,000 customers in manufacturing, transportation and processing industry. The Company has two reporting segments: Diversified Industrial Segment products are made to original equipment manufacturers and their replacement markets in manufacturing, packaging, processing, transportation, mobile construction, refrigeration and air conditioning, agricultural and military machinery and equipment industries, and Aerospace Systems Segment products are made in the commercial and military aerospace markets to both original equipment manufacturers and to end users for spares, maintenance, repair and overhaul.