Several news pieces have been released regarding the performance and outlook of Parker-Hannifin Corporation (PH). The company's stock has seen some underperforming days but has also outperformed competitors on strong trading days. Several investment firms, such as BNP Paribas Financial Markets, J.W. Cole Advisors Inc., and Kovack Advisors Inc, have increased their stake in the company. On the other hand, firms like Diversified Trust Co and Oak Thistle LLC have reduced their holdings. PH has recently reported record fiscal Q3 2024 results, surpassing analyst expectations, and has also been receiving favorable ratings from various firms, with a new price target set at $621.00 by Truist Financial. Those who invested in Parker-Hannifin a decade ago would be looking at an increased worth of their investments today. PH has demonstrated a healthy outlook with an increased appetite for mergers and acquisitions, making it attractive according to some analysts. Despite some insider selling, the company managed to raise its dividend to $1.63.
Parker-Hannifin Corporation PH News Analytics from Thu, 05 Oct 2023 07:00:00 GMT to Sun, 07 Jul 2024 18:43:52 GMT - Rating 6 - Innovation 3 - Information 7 - Rumor -1
