Parker Hannifin (NYSE: PH) received a Hold rating from Wells Fargo analyst Andy Casey yesterday. The company’s shares closed yesterday at $164.47.
According to TipRanks.com, Casey is a 3-star analyst with an average return of 5.5% and a 43.6% success rate. Casey covers the Industrial Goods sector, focusing on stocks such as Illinois Tool Works, Caterpillar, and Kennametal.
Parker Hannifin has an analyst consensus of Moderate Buy, with a price target consensus of $197.50.
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Parker Hannifin’s market cap is currently $21.75B and has a P/E ratio of 22.35. The company has a Price to Book ratio of 3.73.
Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is negative on the stock.
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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.
