After Hours
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. Earlier, Yahoo Finance discussed this stock as it revealed Parker Becomes the Official Control Systems Partner to American Magic for the 2024 America’s Cup.
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Stocks Info
As a NYSE listed company, PH falls under the Industrials sector while operating within the Specialty Industrial Machinery industry segment. At the end of the last regular session, the stock closed at $470.37 and fluctuated between $471.56 as its day high and $464.79 as its day low. The current market capitalization of Parker-Hannifin Corp. is $60.43B. A total of 0.65 million shares were traded on the day, compared to an average of 612.89K shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, PH has seen 14 BUY and 4 SELL insider trades, representing the acquisition of 17,546 and the disposition of 15,715 shares. Over the last 12 months, there were 46 BUYs and 60 SELLs from insiders. Insiders purchased 454,242 shares during that period but sold 396,566.
In the most recent transaction, Leonti Joseph R sold 7,167 shares of PH for 429.48 per share on Nov 14. After the transaction, the VP, Gen Counsel & Secretary now owns 17,013 company shares. In a previous transaction on Sep 12, SCAMINACE JOSEPH sold 1,660 shares at 409.91 per share. PH shares that Director owns now total 5,487.
Among the insiders who sold shares, Leombruno Todd M. disposed of 5,002 shares on Aug 29 at a per-share price of $416.11. This resulted in the EVP & CFO holding 11,656 shares of PH after the transaction. In another insider transaction, Harty Linda S sold 1,487 shares at $424.28 per share on Aug 07. Company shares held by the Director now total 4,344.
Dividend
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Parker-Hannifin Corp. pays an annual dividend of $5.96, resulting in a dividend yield of 1.27%, and it has a price to earnings (P/E) ratio of 26.11. 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.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for PH in the last 3 months, the mean price target is $499.40 with high estimates of $627.00 and low estimates of $300.00. In terms of 52-week highs and lows, PH has a high of $466.27 and a low of $297.12.
As of this writing, PH has an earnings estimate of $5.26 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $5.46 per share and a lower estimate of $5. 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
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s 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 4.33.
