Parker-Hannifin Corp (NYSE:PH) – Investment analysts at Jefferies Financial Group issued their Q1 2020 earnings per share estimates for shares of Parker-Hannifin in a research report issued to clients and investors on Wednesday, July 17th. Jefferies Financial Group analyst S. Volkmann forecasts that the industrial products company will post earnings of $2.65 per share for the quarter. Jefferies Financial Group also issued estimates for Parker-Hannifin’s Q2 2020 earnings at $2.85 EPS, Q3 2020 earnings at $3.35 EPS and Q4 2020 earnings at $3.45 EPS.
Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, May 2nd. The industrial products company reported $3.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.01 by $0.16. Parker-Hannifin had a net margin of 10.04% and a return on equity of 26.27%. The business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter in the previous year, the firm posted $2.80 EPS. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year.
PH stock opened at $169.61 on Friday. Parker-Hannifin has a 12 month low of $140.82 and a 12 month high of $193.19. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.07 and a current ratio of 1.56. The business’s 50-day moving average price is $166.08. The stock has a market cap of $21.27 billion, a PE ratio of 16.28, a PEG ratio of 1.51 and a beta of 1.55.
A number of institutional investors have recently modified their holdings of the stock. Dubuque Bank & Trust Co. grew its holdings in shares of Parker-Hannifin by 97.5% during the 1st quarter. Dubuque Bank & Trust Co. now owns 158 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 78 shares in the last quarter. Trustcore Financial Services LLC acquired a new position in shares of Parker-Hannifin in the 1st quarter valued at $34,000. Gemmer Asset Management LLC increased its stake in Parker-Hannifin by 162.3% in the 1st quarter. Gemmer Asset Management LLC now owns 202 shares of the industrial products company’s stock valued at $35,000 after buying an additional 125 shares during the period. HMS Capital Management LLC purchased a new stake in shares of Parker-Hannifin during the 2nd quarter worth $36,000. Finally, Destination Wealth Management boosted its position in shares of Parker-Hannifin by 254.3% during the 2nd quarter. Destination Wealth Management now owns 248 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 178 shares in the last quarter. Institutional investors own 79.64% of the company’s stock.
In related news, VP Robert W. Malone sold 336 shares of Parker-Hannifin stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $156.76, for a total value of $52,671.36. Following the completion of the transaction, the vice president now owns 24,260 shares in the company, valued at $3,802,997.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.12% of the stock is owned by insiders.
Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates in two segments, Diversified Industrial and Aerospace Systems. The Diversified Industrial segment provides static and dynamic sealing devices; filters, systems, and diagnostics solutions to monitor and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors, which control, transmit, and contain fluid; hydraulic, pneumatic, and electromechanical components and systems for builders and users of industrial and mobile machinery and equipment; and critical flow components for process instrumentation, healthcare, and ultra-high-purity applications, as well as components for use in refrigeration and air conditioning systems, and in fluid control applications for processing, fuel dispensing, beverage dispensing, and mobile emissions.
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