The industrial manufacturer,
Parker-Hannifin Corporation (PH) has been the target of active market activity recently. Several investors, including Janney Montgomery Scott LLC, are increasing their stakes in the company. Despite adverse conditions in the industrial economy, PH has demonstrated strong performance, particularly in its
aerospace business. The company is a preferred choice among institutional investors, owning approximately
84% of the company. Analysts forecast promising first-quarter results accompanied by consecutive dividend increases for 68 years. The corporation also scheduled fiscal 2025 second-quarter earnings announcement on January 30.
Stifel Nicolaus has revised its price target to
$689.00, but some insiders have been selling their shares which indicate potentially bearish signals. However, the company's overall momentum remains vigorous as it continues to offer safe dividend growth and attractive investment prospects. Strong sentiment for the stock has resulted in new investments by Red Spruce Capital LLC and Howard Capital Management Group LLC among others.
Parker-Hannifin Corporation PH News Analytics from Mon, 03 Jun 2024 07:00:00 GMT to Sat, 25 Jan 2025 16:25:43 GMT -
Innovation -3
- Rumor -4
