Parker-Hannifin Corporations in-depth stock price analysis indicates that the stock price has rallied 10.41% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 21.92% . Looking at the past 52 week period, the stock price is up at 54.5% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Parker-Hannifin Corporation has a positive value of 26.04 compared to overall market. Parker-Hannifin Corporation (NYSE:PH) has climbed 0.03% in the past week and advanced 2.74% in the last 4 weeks. The stocks have underperformed the S&P 500 by 0.78% during the past week but Parker-Hannifin Corporation (NYSE:PH) it has outperformed the index in 4 weeks by 0.9%.
Parker-Hannifin Corporation (NYSE:PH) : On Friday heightened volatility was witnessed in Parker-Hannifin Corporation (NYSE:PH) which led to swings in the share price. The stock opened for trading at $149.76 and hit $150.33 on the upside , eventually ending the session at $150.25, with a gain of 0.59% or 0.88 points. The heightened volatility saw the trading volume jump to 1,058,958 shares. The 52-week high of the share price is $152.87 and the company has a market cap of $20,027 million. The 52-week low of the share price is at $94.44 .
Parker-Hannifin Corp Last issued its quarterly earnings results on Feb 2, 2017. The company reported $1.91 EPS for the quarter, beating the analyst consensus estimate by $ 0.52. Analyst had a consensus of $1.39. The company had revenue of $2670.80 million for the quarter, compared to analysts expectations of $2690.13 million. The companys revenue was down -1.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.52 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Parker-Hannifin Corp was Upgraded by Argus to Buy on Feb 7, 2017. Company shares were Upgraded by BMO Capital Markets on Jan 13, 2017 to Outperform, Raises Price Target to $ 175 from a previous price target of $125 .Parker-Hannifin Corp was Initiated by Aegis Capital on Dec 9, 2016 to Hold, Price Target of the shares are set at $160.
Company has reported several Insider transactions to the SEC, on Dec 13, 2016, Wolfgang R Schmitt (director) sold 6,335 shares at 141.19 per share price.On Dec 12, 2016, Candy M Obourn (director) sold 1,755 shares at 142.90 per share price.On Dec 6, 2016, William G Eline (VP- Chief Information Officer) sold 11,151 shares at 143.05 per share price.
Parker-Hannifin Corporation is a leading worldwide full-line manufacturer of motion control products, including fluid power systems, electro-mechanical controls and related components. Fluid power involves the transfer and control of power through the medium of liquid, gas or air, in hydraulic, pneumatic and vacuum applications. Fluid power systems move and position materials, control machines, vehicles and equipment and improve industrial efficiency and productivity.