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Tuesday, June 6, 2023

There’s No Need To Panic Or Freeze When It Comes To Parker-Hannifin Corporation (NYSE: PH)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Parker-Hannifin Corporation (PH) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.76, or 0.23%, to $334.06. The Parker-Hannifin Corporation has recorded 38,491 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Parker Reports Fiscal 2023 Third Quarter Results.

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Stocks Info

The company is listed on the NYSE and operates within the Specialty Industrial Machinery industry segment. At the end of the last regular session, the stock closed at $333.30 and fluctuated between $335.23 as its day high and $327.81 as its day low. The current market capitalization of Parker-Hannifin Corporation is $41.34B. A total of 1.03 million shares were traded on the day, compared to an average of 954.75K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, PH has seen 1 BUY and 2 SELL insider trades, representing the acquisition of 105,500 and the disposition of 105,500 shares. Over the last 12 months, there were 19 BUYs and 33 SELLs from insiders. Insiders purchased 179,436 shares during that period but sold 228,181.

In the most recent transaction, Williams Thomas L sold 38,098 shares of PH for 352.63 per share on Feb 13. After the transaction, the Executive Chairman now owns 229,027 company shares. In a previous transaction on Feb 06, Czaja Mark T sold 430 shares at 351.70 per share. PH shares that VP-Chief Tech&Innovation Off. owns now total 507.

Among the insiders who sold shares, BANKS LEE C disposed of 16,426 shares on Feb 03 at a per-share price of $337.42. This resulted in the Vice Chairman and President holding 110,476 shares of PH after the transaction. In another insider transaction, Hart Mark J sold 5,950 shares at $343.05 per share on Feb 03. Company shares held by the EVP-HR & External Affairs now total 10,969.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Parker-Hannifin Corporation pays an annual dividend of $5.92, resulting in a dividend yield of 1.78%, and it has a price to earnings (P/E) ratio of 34.42. PH’s most recent ex-dividend date was 5/11/2023 when it declared a $1.48 quarterly dividend that was paid in cash on 6/2/2023. Previously, the company paid the dividend on 2/10/2023 with an ex-dividend date of 2/9/2023. The PH stock dividend was $1.33 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for PH in the last 3 months, the mean price target is $386.85 with high estimates of $540.00 and low estimates of $300.00. In terms of 52-week highs and lows, PH has a high of $364.57 and a low of $230.44.

As of this writing, PH has an earnings estimate of $5.21 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $5.5 per share and a lower estimate of $4.81. The company reported an EPS of $4.76 in the last quarter, which was 6.70% higher than expectations of $4.46.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. PH’s latest balance sheet shows that the firm has $563.66M in Cash & Short Term Investments as of fiscal 2022. There were $11.48B in debt and $5.86B in liabilities at the time. Its Book Value Per Share was $72.65, while its Total Shareholder’s Equity was $8.86B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PH is Buy with a score of 4.00.

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