After Hours
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. Earlier, Yahoo Finance discussed this stock as it revealed Parker Scheduled to Present at the Evercore ISI Industrial Conference on March 5 at 11:20 a.m. Eastern Time.
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Stocks Info
PH belongs to the Industrials sector of the NYSE while operating in the Specialty Industrial Machinery industry. The current market capitalization of Parker-Hannifin Corp. is $68.06B. A total of 0.53 million shares were traded on the day, compared to an average of 610.40K shares.
Insider Activity
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 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 43 BUYs and 49 SELLs from insiders. Insiders purchased 292,552 shares during that period but sold 224,796.
In the most recent transaction, Parmentier Jennifer A sold 3,307 shares of PH for 516.69 per share on Feb 07. After the transaction, the Chief Executive Officer now owns 24,031 company shares. In a previous transaction on Feb 07, Scott Patrick sold 787 shares at 514.30 per share. PH shares that VP & Pres.-Fluid Conn. owns now total 3,220.
Among the insiders who sold shares, Hart Mark J disposed of 5,197 shares on Feb 02 at a per-share price of $502.94. This resulted in the EVP-HR & External Affairs holding 7,063 shares of PH after the transaction. In another insider transaction, Ross Andrew D sold 3,904 shares at $510.16 per share on Feb 02. Company shares held by the Chief Operating Officer now total 13,120.
Dividend
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Parker-Hannifin Corp. pays an annual dividend of $5.92, resulting in a dividend yield of 1.12%, and it has a price to earnings (P/E) ratio of 26.23. 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 $559.79 with high estimates of $628.00 and low estimates of $300.00. In terms of 52-week highs and lows, PH has a high of $527.43 and a low of $300.86.
As of this writing, PH has an earnings estimate of $6.09 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $6.22 per share and a lower estimate of $6. 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 $88.02, while its Total Shareholder’s Equity was $8.86B.
Analysts Opinion
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.
