Parker-Hannifin Corporation (NYSE:PH) Relative Strength Index (RSI) is 47.88, with weekly volatility at 1.33% and ATR at 6.34. The PH stock’s 52-week price range has touched low of $170.30 and a $324.68 high. Intraday shares traded counted 0.51 million, which was 39.07% higher than its 30-day average trading volume of 841.09K. Its shares traded lower over the last trading session, losing -0.39% on 06/03/21. The shares fell to a low of $306.09 before closing at $309.25. PH’s previous close was $310.47 while the outstanding shares total 129.09M. The firm has a beta of 1.78, a 12-month trailing P/E ratio of 26.32, and a growth ratio of 1.70.
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 $39.90 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.
PH were able to record 1.75 billion as free cash flow during the 08/05/2021 quarter of the year, this saw their quarterly net cash flow reduce by -195.91 million. In cash movements, the company had a total of 1.88 billion as operating cash flow.
Potential earnings growth for Parker-Hannifin Corporation (PH)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/05/2021 quarter of the year, Parker-Hannifin Corporation recorded a total of 3.75 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 1.17% coming in sequential stages and their sales for the 08/05/2021 quarter increasing by 8.93%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 2.71 billion trying to sell their products during the last quarter, with the result yielding a gross income of 1.03 billion. This allows shareholders to hold on to 129.09M with the recently reported earning now reading 3.65 cents per share. This is a figure that compared to analyst’s prediction for their 08/05/2021 (4.11 cents a share).
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, EVP – HR & External Affairs, Hart Mark J sold 7,611 shares of the company’s stock in a transaction that recorded on May 07. The sale was performed at an average price of 319.95, for a total value of 2,435,173. As the sale deal closes, the VP, Pres-Fluid Connectors, Ross Andrew D now sold 3,928 shares of the company’s stock, valued at 1,257,117. Also, VP Pres-Motion Systems Group, Parmentier Jennifer A sold 3,487 shares of the company’s stock in a deal that was recorded on May 07. The shares were price at an average price of 320.35 per share, with a total market value of 1,117,058. Following this completion of acquisition, the VP-Global Supply Chain, Gentile Thomas C now holds 2,071 shares of the company’s stock, valued at 662,755. 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 $359.06.