After Hours
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that Parker Scheduled to Present at the Bank of America Global Industrials Conference on March 19 at 11:25 a.m. Greenwich Mean Time (7:25 a.m. Eastern Time).
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Stocks Info
Parker-Hannifin Corp. is listed on the NYSE in the Industrials sector while operating in the Specialty Industrial Machinery industry. At the end of the last regular session, the stock closed at $538.84 and fluctuated between $540.27 as its day high and $535.08 as its day low. The current market capitalization of Parker-Hannifin Corp. is $69.19B. A total of 0.54 million shares were traded on the day, compared to an average of 596.19K shares.
In the most recent transaction, Parmentier Jennifer A sold 3,307 shares of PH for 516.69 per share on Feb 07 ’24. After the transaction, the Chief Executive Officer now owns 24,031 company shares. In a previous transaction on Feb 07 ’24, 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 ’24 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 ’24. Company shares held by the Chief Operating Officer now total 13,120.
Dividend
The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Parker-Hannifin Corp. pays an annual dividend of $5.92, resulting in a dividend yield of 1.10%, and it has a price to earnings (P/E) ratio of 26.67. 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.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, PH has a high of $544.99 and a low of $307.48.
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 16 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
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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 $88.02, while its Total Shareholder’s Equity was $8.86B.
Analysts Opinion
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. 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 4.50.
