Parker-Hannifin Corporation stock performance trend indicates that the stock price has rallied 11.46% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 26.74% . Looking at the past 52 week period, the stock price is up at 41.57% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Parker-Hannifin Corporation has a positive value of 26.81 compared to overall market.Parker-Hannifin Corporation is having a Relative Strength Index of 62.62 which indicates the stock is not yet over sold or over bought based on the technical indicators.
Parker-Hannifin Corporation (NYSE:PH) has climbed 1.13% in the past week and advanced 3.39% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 0.89% and the outperformance has advanced to 2.21% for the last 4 weeks period.
For the current week, the company shares have a recommendation consensus of Buy. Parker-Hannifin Corporation (NYSE:PH) : On Friday heightened volatility was witnessed in Parker-Hannifin Corporation (NYSE:PH) which led to swings in the share price. The stock opened for trading at $158.35 and hit $159.51 on the upside , eventually ending the session at $159.1, with a gain of 0.54% or 0.86 points. The heightened volatility saw the trading volume jump to 1,806,854 shares. The 52-week high of the share price is $160.2299 and the company has a market cap of $21,207 million. The 52-week low of the share price is at $99.1 .
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Parker-Hannifin Corp was Initiated by Goldman on Mar 13, 2017 to Buy, Price Target of the shares are set at $180.Parker-Hannifin Corp was Resumed by Morgan Stanley on Mar 2, 2017 to Overweight, Price Target of the shares are set at $180.Parker-Hannifin Corp was Upgraded by JP Morgan to Overweight on Feb 22, 2017. Parker-Hannifin Corp was Upgraded by BofA/Merrill to Buy on Feb 15, 2017. Parker-Hannifin Corp was Upgraded by Argus to Buy on Feb 7, 2017.
Company has reported several Insider transactions to the SEC, on Mar 6, 2017, Lee C Banks (President & COO) sold 9,593 shares at 157.25 per share price.On Mar 6, 2017, Martin C Maxwell (VP – CTIO) sold 3,017 shares at 158.38 per share price.On Mar 6, 2017, Yoon Michael Chung (VP and Pres – Automation Group) sold 657 shares at 158.40 per share price.
Parker-Hannifin Corp Last issued its quarterly earnings results on Feb 2, 2017. The company reported $1.91 EPS for the quarter, beating the analyst consensus estimate by $ 0.52. Analyst had a consensus of $1.39. The company had revenue of $2670.80 million for the quarter, compared to analysts expectations of $2690.13 million. The companys revenue was down -1.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.52 EPS.
Parker-Hannifin Corporation is a leading worldwide full-line manufacturer of motion control products, including fluid power systems, electro-mechanical controls and related components. Fluid power involves the transfer and control of power through the medium of liquid, gas or air, in hydraulic, pneumatic and vacuum applications. Fluid power systems move and position materials, control machines, vehicles and equipment and improve industrial efficiency and productivity.