Parker-Hannifin Corporation (NYSE:PH) Relative Strength Index (RSI) is 46.66, with weekly volatility at 2.88% and ATR at 7.56. The PH stock’s 52-week price range has touched low of $160.96 and a $324.68 high. Intraday shares traded counted 0.85 million, which was 4.47% higher than its 30-day average trading volume of 889.49K. Its shares traded lower over the last trading session, losing -1.78% on 05/18/21. The shares fell to a low of $311.05 before closing at $311.11. PH’s previous close was $316.74 while the outstanding shares total 129.09M. The firm has a beta of 1.77, a 12-month trailing P/E ratio of 26.48, and a growth ratio of 1.71.
Investors have identified the Specialty Industrial Machinery company Parker-Hannifin Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $39.45 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Parker-Hannifin Corporation (PH) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 5.05 billion total, with 3.04 billion as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 16.86 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on PH sounds very interesting.
Is the stock of PH attractive?
In related news, VP, Pres-Fluid Connectors, Ross Andrew D sold 3,928 shares of the company’s stock in a transaction that recorded on May 07. The sale was performed at an average price of 320.04, for a total value of 1,257,117. As the sale deal closes, the VP Pres-Motion Systems Group, Parmentier Jennifer A now sold 3,487 shares of the company’s stock, valued at 1,117,058. Also, VP-Global Supply Chain, Gentile Thomas C sold 2,071 shares of the company’s stock in a deal that was recorded on May 07. The shares were price at an average price of 320.02 per share, with a total market value of 662,755. Following this completion of acquisition, the VP, President – Filtration Grp, Malone Robert W now holds 7,107 shares of the company’s stock, valued at 2,275,320. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.40%.
14 out of 22 analysts covering the stock have rated it a Buy, while 4 have maintained a Hold recommendation on Parker-Hannifin Corporation. 1 analysts has assigned a Sell rating on the PH stock. The 12-month mean consensus price target for the company’s shares has been set at $355.38.