The stock of Parker-Hannifin Corp. (PH) has seen a 1.26% increase in the past week, with a 6.17% gain in the past month, and a 7.10% flourish in the past quarter. The volatility ratio for the week is 1.56%, and the volatility levels for the past 30 days are at 2.80% for PH. The simple moving average for the last 20 days is 5.73% for PH stock, with a simple moving average of 15.09% for the last 200 days.
Is It Worth Investing in Parker-Hannifin Corp. (NYSE: PH) Right Now?
Parker-Hannifin Corp. (NYSE: PH) has a price-to-earnings ratio of 26.87x that is above its average ratio. Additionally, the 36-month beta value for PH is 1.43. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 6 rating it as “overweight,” 7 rating it as “hold,” and 0 rating it as “sell.”
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The public float for PH is 127.66M and currently, short sellers hold a 0.80% ratio of that float. The average trading volume of PH on August 21, 2024 was 759.35K shares.
PH) stock’s latest price update
The stock price of Parker-Hannifin Corp. (NYSE: PH) has surged by 0.58 when compared to previous closing price of 582.29, but the company has seen a 1.26% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-16 that Parker-Hannifin has crushed both its peers in the Industrials sector and the broader market, delivering impressive returns driven by strategic acquisitions. Despite rock-solid financial metrics, the current valuation appears stretched relative to historical benchmarks, suggesting limited upside. Growth prospects remain robust, though prospective investors will have to balance this with potential cyclical downturns and international exposure.
Analysts’ Opinion of PH
Many brokerage firms have already submitted their reports for PH stocks, with Raymond James repeating the rating for PH by listing it as a “Outperform.” The predicted price for PH in the upcoming period, according to Raymond James is $610 based on the research report published on June 28, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see PH reach a price target of $650, previously predicting the price at $550. The rating they have provided for PH stocks is “Buy” according to the report published on May 28th, 2024.
Truist gave a rating of “Buy” to PH, setting the target price at $602 in the report published on March 14th of the current year.
PH Trading at 9.48% 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 -1.28% of loss for the given period.
Volatility was left at 2.80%, however, over the last 30 days, the volatility rate increased by 1.56%, as shares surge +10.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.55% upper at present.
During the last 5 trading sessions, PH rose by +1.44%, which changed the moving average for the period of 200-days by +45.02% in comparison to the 20-day moving average, which settled at $556.79. In addition, Parker-Hannifin Corp. saw 27.13% 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 Ross Andrew D, who sale 3,233 shares at the price of $588.58 back on Aug 16 ’24. After this action, Ross Andrew D now owns 13,120 shares of Parker-Hannifin Corp., valued at $1,902,878 using the latest closing price.
SCAMINACE JOSEPH, the Director of Parker-Hannifin Corp., sale 1,751 shares at $589.73 during a trade that took place back on Aug 15 ’24, which means that SCAMINACE JOSEPH is holding 3,900 shares at $1,032,617 based on the most recent closing price.
Stock Fundamentals for PH
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.36 for the gross margin
The net margin for Parker-Hannifin Corp. stands at 0.14. The total capital return value is set at 0.17. Equity return is now at value 25.40, with 9.60 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 0.32. The debt to equity ratio resting at 0.87. The interest coverage ratio of the stock is 7.38.
Currently, EBITDA for the company is 4.74 billion with net debt to EBITDA at 2.24. When we switch over and look at the enterprise to sales, we see a ratio of 4.29. The receivables turnover for the company is 6.23for trailing twelve months and the total asset turnover is 0.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.93.
Conclusion
In conclusion, Parker-Hannifin Corp. (PH) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
