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Stock Charts AI Power Rank: 9.5
Power Rank trend -> Rising
07/26/2024 16:10:00 EST
Parker-Hannifin Corporation (PH)
Industry: Specialty Industrial Machinery
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, PH has been trading in a range between $568.68 and $501.01 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
PH is trading below resistance at $568.68, about 3% to the upside. There is support at $544.91 -2% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Parker-Hannifin Corporation $PH entered a Green zone 2 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $444.19, a potential down side of -19.91% from the recent price of 554.61. The stock is trading 2.58% (potential upside) below its 52 week high of $568.90 and 54.45 % (potential downside) above its 52 week low of $359.09 - based on the recent price.
Company Summary
Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.
News
| 10 Best Dividend Growth Stocks to Buy and Hold Forever These blue-chip companies have demonstrated strong dividend growth rates ranging from 7.69% to 15.8% annually over the past five years. The list includes diverse sectors such as retail, healthcare, technology, and finance, offering potential for portfolio diversification. Source: The Motley Fool Sun, 21 Jul 2024 10:30:00 -0400 Sentiment: Positive |
| Here's Why You Should Hold on to Parker-Hannifin (PH) Now Parker-Hannifin (PH) is poised to gain from business strength, acquisitions and shareholder-friendly moves. However, challenging conditions in off-highway and transportation markets remain a concern. Source: Zacks Investment Research Thu, 11 Jul 2024 07:56:05 -0400 Sentiment: Positive |
| Parker Elects E. Jean Savage to its Board of Directors CLEVELAND, July 10, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced the election of E. Jean Savage to its Board of Directors, effective July 10, 2024. Source: GlobeNewsWire Wed, 10 Jul 2024 08:30:00 -0400 Sentiment: Neutral |
| Cash Flow Alert: 3 Stocks That Just Raised Their Dividends Dividend growth stocks are among the best investments for creating lasting wealth in the stock market. With a history of reliable dividend increases, these dividend stocks provide investors with a steady income stream and, more often than not, capital appreciation. Source: InvestorPlace Mon, 01 Jul 2024 13:40:23 -0400 Sentiment: Positive |
| Aircraft Seals Market Companies Projected to Show Strong Growth | SKF (Sweden) and Parker Hannifin (US) are the Key Players Chicago, June 28, 2024 (GLOBE NEWSWIRE) -- The Aircraft Seals Market Size is projected to grow from USD 3.1 Billion in 2023 to USD 3.8 Billion by 2028, at a CAGR of 4.1% from 2023 to 2028. Aircraft seals are in responsible for keeping fluids, gases, and other media contained within an aircraft's numerous systems. Source: GlobeNewsWire Fri, 28 Jun 2024 04:30:00 -0400 Sentiment: Neutral |
Technicals 52 Week Hi: 568.9 52 Week Low: 359.093 Beta: 1.437 50 Day MA: 526.3124 200 Day MA: 493.2632 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.225 Qtr Revenue Growth YOY: 0.003 Forward PE: 20.8333 Trailing PE: 25.6411