The stock of Parker-Hannifin Corp. (NYSE: PH) has decreased by -4.57 when compared to last closing price of 542.96.Despite this, the company has seen a loss of -5.68% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-02 that Although the revenue and EPS for Parker-Hannifin (PH) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Is It Worth Investing in Parker-Hannifin Corp. (NYSE: PH) Right Now?
The price-to-earnings ratio for Parker-Hannifin Corp. (NYSE: PH) is above average at 25.64x, Company’s 36-month beta value is 1.48.Analysts have differing opinions on the stock, with 7 analysts rating it as a “buy,” 6 as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for PH is 127.69M, and currently, short sellers hold a 0.79% ratio of that floaft. The average trading volume of PH on May 02, 2024 was 571.38K shares.
PH’s Market Performance
The stock of Parker-Hannifin Corp. (PH) has seen a -5.68% decrease in the past week, with a -7.23% drop in the past month, and a 3.60% gain in the past quarter. The volatility ratio for the week is 2.00%, and the volatility levels for the past 30 days are at 2.26% for PH. The simple moving average for the last 20 days is -5.73% for PH’s stock, with a simple moving average of 13.55% for the last 200 days.
Analysts’ Opinion of PH
Many brokerage firms have already submitted their reports for PH stocks, with Truist repeating the rating for PH by listing it as a “Buy.” The predicted price for PH in the upcoming period, according to Truist is $602 based on the research report published on March 14, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see PH reach a price target of $500, previously predicting the price at $300. The rating they have provided for PH stocks is “Market Perform” according to the report published on March 01st, 2024.
PH Trading at -4.78% from the 50-Day Moving Average
After a stumble in the market that brought PH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.12% of loss for the given period.
Volatility was left at 2.26%, however, over the last 30 days, the volatility rate increased by 2.00%, as shares sank -6.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.18% lower at present.
During the last 5 trading sessions, PH fell by -5.80%, which changed the moving average for the period of 200-days by +26.67% in comparison to the 20-day moving average, which settled at $547.78. In addition, Parker-Hannifin Corp. saw 12.47% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PH starting from Parmentier Jennifer A, who sale 3,307 shares at the price of $516.69 back on Feb 07 ’24. After this action, Parmentier Jennifer A now owns 24,031 shares of Parker-Hannifin Corp., valued at $1,708,694 using the latest closing price.
Scott Patrick, the VP & Pres.-Fluid Conn. of Parker-Hannifin Corp., sale 787 shares at $514.30 during a trade that took place back on Feb 07 ’24, which means that Scott Patrick is holding 3,220 shares at $404,754 based on the most recent closing price.
Stock Fundamentals for PH
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.35 for the gross margin
The net margin for Parker-Hannifin Corp. stands at 0.13. The total capital return value is set at 0.17. Equity return is now at value 25.53, with 8.74 for asset returns.
Based on Parker-Hannifin Corp. (PH), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.22. The debt to equity ratio resting at 0.89. The interest coverage ratio of the stock is 6.39.
Currently, EBITDA for the company is 4.07 billion with net debt to EBITDA at 2.48. When we switch over and look at the enterprise to sales, we see a ratio of 3.93. The receivables turnover for the company is 6.81for trailing twelve months and the total asset turnover is 0.67. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.90.
Conclusion
In a nutshell, Parker-Hannifin Corp. (PH) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
