In a report issued on May 28, Andy Casey from Wells Fargo maintained a Buy rating on Parker Hannifin (NYSE: PH). The company’s shares closed yesterday at $172.73.
According to TipRanks.com, Casey is a 3-star analyst with an average return of 8.0% and a 51.4% 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 $204.60.
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Based on Parker Hannifin’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $366 million. In comparison, last year the company had a net profit of $239 million.
Based on the recent corporate insider activity of 85 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.
