Today, the VP, Pres-Motion Systems Grp of Parker Hannifin (NYSE: PH), Weeks Andrew, sold shares of PH for $440.3K.
Following Weeks Andrew M’s last PH Sell transaction on November 02, 2015, the stock climbed by 68.7%. In addition to Weeks Andrew, one other PH executive reported Sell trades in the last month.
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Based on Parker Hannifin’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $3.75 billion and quarterly net profit of $366 million. In comparison, last year the company earned revenue of $3.12 billion and had a net profit of $239 million. PH’s market cap is $22.67B and the company has a P/E ratio of 23.17. Currently, Parker Hannifin has an average volume of 377.2K.
Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $203.83, reflecting a -16.5% downside. Three different firms, including Deutsche Bank and Goldman Sachs, currently also have a Sell rating on the stock.
The insider sentiment on Parker Hannifin has been negative according to 86 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. is a manufacturer of motion and control technologies and systems, providing engineered solutions for mobile, industrial and aerospace markets. It operates through the following segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial Segment offers products to original equipment manufacturers.
