Jefferies Believes Parker Hannifin (PH) Won’t Stop Here

In a report issued on April 29, Stephen Volkmann from Jefferies maintained a Buy rating on Parker Hannifin (PH), with a price target of $375.00. The company’s shares closed last Tuesday at $311.17, close to its 52-week high of $323.80.

According to, Volkmann is a 5-star analyst with an average return of 26.8% and a 74.5% success rate. Volkmann covers the Industrial Goods sector, focusing on stocks such as Lennox International, Illinois Tool Works, and Ingersoll Rand.

Currently, the analyst consensus on Parker Hannifin is a Strong Buy with an average price target of $355.92, implying a 14.2% upside from current levels. In a report issued on April 29, Merrill Lynch also reiterated a Buy rating on the stock with a $385.00 price target.

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The company has a one-year high of $323.80 and a one-year low of $140.01. Currently, Parker Hannifin has an average volume of 901.4K.

Based on the recent corporate insider activity of 88 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PH in relation to earlier this year.

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Ohio-based Parker-Hannifin Corp. manufactures and sells motion and control technologies and systems. The company provides engineered solutions for mobile, industrial, and aerospace markets. It operates through the following segments: Diversified Industrial and Aerospace Systems.

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