Parker-Hannifin Corporation (PH) has recently experienced a mix of positive and negative shifts. Its first-quarter results are out and despite a slowing industrial economy, the company executed well. PH showed strength in its aerospace business propelling sales boost for Q3 2024 and Q1 2025. The robust aerospace system led to strong growth, resulting in soaring of the PH stock to an all-time high of $647.02. Analysts are keeping an optimistic outlook with a consensus recommendation of "Moderate Buy." PH's shares have decelerated somewhat due to recent stock sales by senior execs, implying they might feel the stocks have possibly peaked. Some Wall Street professionals and investment entities trimmed their holdings, while others, such as Verition Fund Management, Vinva Investment Management, and Fmr LLC, increased their positions. PH's institutional ownership stands an impressive 83%. Nevertheless, valuation concerns exist, leading to a downgrade to 'Sell' for the company. On the other side, PH'S earning per share (Diluted) is at $22.14, and the company declared a dividend of US$1.63. Finally, Parker-Hannifin completed the divestiture of its North America Composites & Fuel Containment Division.
Parker-Hannifin Corporation PH News Analytics from Wed, 08 May 2024 07:00:00 GMT to Sat, 30 Nov 2024 12:47:11 GMT -
Rating 0
- Innovation 6
- Information 10
- Rumor 8
