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Last Price: 540.57 - Change: -3.57 - Change %: -0.6561
04/17/2024 16:10:00 EST

Parker-Hannifin Corporation (PH)

Industry: Specialty Industrial Machinery

Price Support Resistance

In the past 20 trading days, PH has been trading in a range between $566.67 and $546.46 (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 $566.67, about 5% to the upside. There is support at $521.38 -4% 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 54 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $444.19, a potential down side of -17.83% from the recent price of 540.57. Our AI powered stock target predictor currently has a target price of $328.44 a potential move of -39%. The stock is trading 5.47% (potential upside) below its 52 week high of $570.15 and 77.03 % (potential downside) above its 52 week low of $305.36 - 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.

PH Website

News

Why Investors Need to Take Advantage of These 2 Industrial Products Stocks Now
Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
Source: Zacks Investment Research
Tue, 16 Apr 2024 09:56:23 -0400
Sentiment: Positive
Factory Orders Soar as Manufacturing Rebounds: 5 Winners
The manufacturing sector is showing signs of a rebound so investing in stocks like Caterpillar (CAT), Hubbell (HUBB), Parker-Hannifin (PH), Applied Industrial Technologies (AIT) and A. O. Smith (AOS) would be a wise decision.
Source: Zacks Investment Research
Mon, 08 Apr 2024 09:50:31 -0400
Sentiment: Positive
Will Parker-Hannifin (PH) Beat Estimates Again in Its Next Earnings Report?
Parker-Hannifin (PH) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Source: Zacks Investment Research
Fri, 05 Apr 2024 13:16:19 -0400
Sentiment: Positive
Manufacturing PMI Expands in March After 16 Months: 5 Picks
We have narrowed our search to five manufacturing stocks with strong potential for 2024. These stocks are: PH, IR, CR, AOS, HUBB.
Source: Zacks Investment Research
Thu, 04 Apr 2024 08:56:07 -0400
Sentiment: Positive
Parker to Host 2024 Investor Meeting in New York on May 16 at 2:00 p.m. Eastern Time
CLEVELAND, April 03, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that it will host its 2024 Investor Meeting in New York City on Thursday, May 16, 2024 beginning at 2:00 p.m. Eastern time. The in-person event will be by invitation only. A live video webcast of the event can be accessed on Parker's investor relations website at  investors.parker.com  and will be archived on the site for replay.
Source: GlobeNewsWire
Wed, 03 Apr 2024 16:30:00 -0400
Sentiment: Neutral
Instituions Institution %: 84.121
Last QTR Institution change: 161932

Insiders
Insiders %: 0.456
Insiders Purchases last QTR: 0
Insiders Sales last QTR: 59523
Insiders Net last QTR: -59523

Analyst Ratings
Target Price: 444.19
Overall Rating: 4.1304
Strong Buys (5): 12
Buys (4): 3
Holds (3): 7
Sells (2): 1
Strong Sells (1): 0

Technicals
52 Week Hi: 570.1499
52 Week Low: 305.3574
Beta: 1.522
50 Day MA: 537.9902
200 Day MA: 447.9218

Earnings / Revenue Trends
Qtr Earnings Growth YOY: 0.72
Qtr Revenue Growth YOY: 0.031
Forward PE: 20.8333
Trailing PE: 26.8844

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