The VP, GC & Sec of Parker Hannifin (PH) is Buying Shares


Today, the VP, GC & Sec of Parker Hannifin (NYSE: PH), Joseph Leonti, bought shares of PH for $1.05M.

This recent transaction increases Joseph Leonti’s holding in the company by 123.09% to a total of $2.09 million. In addition to Joseph Leonti, one other PH executive reported Buy trades in the last month.

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Based on Parker Hannifin’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $3.82 billion and quarterly net profit of $353 million. In comparison, last year the company earned revenue of $3.5 billion and had a net profit of $293 million. PH’s market cap is $23.38B and the company has a P/E ratio of 22.55. Currently, Parker Hannifin has an average volume of 494.7K.

Seven different firms, including Barclays and Evercore ISI, currently also have a Buy rating on the stock. Based on 14 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $186.92, reflecting a 5.1% upside.

In the last 30 days, insiders have sold $1.97M worth of PH shares and purchased $1.05M worth of PH shares. The insider sentiment on Parker Hannifin has been negative according to 85 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Parker-Hannifin Corp. engages in the manufacture of motion and control technologies and systems. The firm also provides engineered solutions for mobile, industrial, and aerospace markets. It operates through the Diversified Industrial and Aerospace Systems business segments.

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