Parker-Hannifin Corporation (PH) Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
Parker-Hannifin Corporation (PH), established in 1917 and headquartered in Cleveland, Ohio, is a leading manufacturer in the specialty industrial machinery sector, focusing on motion and control technologies. Operating globally across two primary segments—Diversified Industrial and Aerospace Systems—the company provides an extensive range of products, including vibration control systems, HVAC/R controls, avionics, and hydraulic systems. With total revenue of approximately $19.93 billion, Parker-Hannifin exhibits robust performance potential. Currently, with a share price of $623.77, analysts project a target high price of $717, indicating a favorable outlook for investors.
Market Sentiment and Stock Performance
As of now, Parker-Hannifin has 128,670,000 shares outstanding, with only 1,071,444 shares shorted, reflecting a low short interest of 0.0084%. This suggests a positive market sentiment, as few investors are betting against the stock. The relatively stable target mean price set at $634.83 further aligns with analysts’ expectations of appreciation, while a median target price of $650 indicates consensus on growth potential. The stock’s performance over the past year has been strong, with a notable fifty-two week high of $627.3 and a low of $362.49, illustrating significant growth and resilience.
Analyst Recommendations and Financial Outlook
The recommendation for Parker-Hannifin is clear: with a mean recommendation score of 2.0, analysts favor a “buy” stance. The company’s capabilities in generating substantial revenue, coupled with a promising earnings trajectory, make it a highly attractive option within the specialty industrial machinery space. Despite the absence of detailed EBITDA data, the solid revenue and operational performance suggest a strong foundation for future gains. Investors looking for stability and growth within the industrials sector should consider Parker-Hannifin as a compelling investment opportunity.
| Metric | Value |
|---|---|
| Market Cap | $80.3b |
| Total Debt | $10.8b |
| Total Cash | $422.0m |
| Shares Outstanding | 128.7m |
| Float Shares | 127.8m |
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