Parker-Hannifin Corporation (PH) : Traders are bullish on Parker-Hannifin Corporation (PH) as it has outperformed the S&P 500 by a wide margin of 6.14% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.61%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.06% in the last 1 week, and is up 8.78% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Parker-Hannifin Corporation (NYSE:PH): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $119.75 and $119.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $121.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $121.11, notching a gain of 1.81% for the day. The total traded volume was 1,964,622 . The stock had closed at $118.96 on the previous day.
The stock has recorded a 20-day Moving Average of 6.66% and the 50-Day Moving Average is 7.79%. Parker-Hannifin Corporation is up 7.57% in the last 3-month period. Year-to-Date the stock performance stands at 26.37%.
Parker-Hannifin Corporation (PH) : Currently there are 10 street experts covering Parker-Hannifin Corporation (PH) stock. The most bullish and bearish price target for the stock is $126 and $98 respectively for the short term. The average price target of all the analysts comes to $111.6. The estimated standard deviation from the target is $10.33.
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.