After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Parker Reports Fiscal 2024 Second Quarter Results.
PH belongs to the Industrials sector of the NYSE while operating in the Specialty Industrial Machinery industry. At the end of the last regular session, the stock closed at $510.36 and fluctuated between $514.85 as its day high and $488.45 as its day low. The current market capitalization of Parker-Hannifin Corp. is $65.57B. A total of 1.14 million shares were traded on the day, compared to an average of 622.29K shares.
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, PH has seen 3 BUY and 3 SELL insider trades, representing the acquisition of 10,516 and the disposition of 15,516 shares. Over the last 12 months, there were 44 BUYs and 52 SELLs from insiders. Insiders purchased 398,052 shares during that period but sold 330,726.
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.
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Parker-Hannifin Corp. pays an annual dividend of $5.99, resulting in a dividend yield of 1.17%, and it has a price to earnings (P/E) ratio of 25.26. PH’s most recent ex-dividend date was 2/8/2024 when it declared a $1.48 quarterly dividend that was paid in cash on 3/1/2024. Previously, the company paid the dividend on 12/1/2023 with an ex-dividend date of 11/10/2023. The PH stock dividend was $1.48 per share in cash.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for PH in the last 3 months, the mean price target is $541.06 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 $500.66 and a low of $300.86.
As of this writing, PH has an earnings estimate of $5.98 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $6.18 per share and a lower estimate of $5.66. The company reported an EPS of $5.96 in the last quarter, which was 12.20% higher than expectations of $5.31.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $82.24, while its Total Shareholder’s Equity was $8.86B.
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. 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.