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Wednesday, December 6, 2023

Parker-Hannifin Corp. (PH): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Parker-Hannifin Corp. (PH) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $3.33, or 0.78%, to $431.29. The Parker-Hannifin Corp. has recorded 15,038 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Parker’s Fiscal Year 2023 Sustainability Report Highlights Progress in Protecting the Environment, Advancing Clean Technologies and Strengthening Communities.

Stocks Info

This NYSE-listed company operates within the Specialty Industrial Machinery industry segment, falling under the Industrials sector. The current market capitalization of Parker-Hannifin Corp. is $54.98B. A total of 0.58 million shares were traded on the day, compared to an average of 653.70K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, PH has seen 15 BUY and 7 SELL insider trades, representing the acquisition of 10,149 and the disposition of 9,329 shares. Over the last 12 months, there were 43 BUYs and 59 SELLs from insiders. Insiders purchased 443,726 shares during that period but sold 381,917.

In the most recent transaction, SCAMINACE JOSEPH sold 1,660 shares of PH for 409.91 per share on Sep 12. After the transaction, the Director now owns 5,487 company shares. In a previous transaction on Aug 29, Leombruno Todd M. sold 5,002 shares at 416.11 per share. PH shares that EVP & CFO owns now total 11,656.

Among the insiders who sold shares, Harty Linda S disposed of 1,487 shares on Aug 07 at a per-share price of $424.28. This resulted in the Director holding 4,344 shares of PH after the transaction. In another insider transaction, Sherrard Roger S sold 12,069 shares at $419.20 per share on Aug 04. Company shares held by the VP & President-Aerospace now total 76,723.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Parker-Hannifin Corp. pays an annual dividend of $5.98, resulting in a dividend yield of 1.40%, and it has a price to earnings (P/E) ratio of 23.75. PH’s most recent ex-dividend date was 11/10/2023 when it declared a $1.48 quarterly dividend that was paid in cash on 12/1/2023. Previously, the company paid the dividend on 9/8/2023 with an ex-dividend date of 8/25/2023. The PH stock dividend was $1.48 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for PH in the last 3 months, the mean price target is $462.00 with high estimates of $534.00 and low estimates of $300.00. In terms of 52-week highs and lows, PH has a high of $428.16 and a low of $281.19.

As of this writing, PH has an earnings estimate of $5.24 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $5.43 per share and a lower estimate of $5.01. The company reported an EPS of $6.08 in the last quarter, which was 10.90% higher than expectations of $5.48.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $82.24, while its Total Shareholder’s Equity was $8.86B.

Analysts Opinion

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. 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 4.47.

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