During the last session, Parker-Hannifin Corp (NYSE:PH)’s traded shares were 0.82 million, with the beta value of the company hitting 1.34. At the end of the trading day, the stock’s price was $652.73, reflecting an intraday gain of 0.07% or $0.44. The 52-week high for the PH share is $718.44, that puts it down -10.07 from that peak though still a striking 25.17% gain since the share price plummeted to a 52-week low of $488.45. The company’s market capitalization is $83.40B, and the average trade volume was 796.86K shares over the past three months.
Parker-Hannifin Corp (PH) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.76. PH has a Sell rating from 0 analyst(s) out of 10 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 9 recommend a Buy rating for it.
Parker-Hannifin Corp (NYSE:PH) trade information
Parker-Hannifin Corp (PH) registered a 0.07% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.07% in intraday trading to $652.73, hitting a weekly high. The stock’s 5-day price performance is -2.12%, and it has moved by -4.02% in 30 days. Based on these gigs, the overall price performance for the year is 28.99%.
The consensus price target of analysts on Wall Street is $730, which implies an increase of 10.58% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $680 and $785 respectively. As a result, PH is trading at a discount of -20.26% off the target high and -4.18% off the low.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 13.73%. While earnings are projected to return 5.11% in 2025, the next five years will return 7.45% per annum.
PH Dividends
Parker-Hannifin Corp is due to release its next quarterly earnings on 2025-May-01. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Parker-Hannifin Corp is 6.69, with the dividend yield indicating at 1.02 percent, continuing the trend of increasing dividends in recent years.
The next largest institutional holding, with 8.71 million shares, is of BLACKROCK INC.’s that is approximately 6.7812% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $4.41 billion.
