Parker-Hannifin (NYSE:PH) Shares Cross Above 200 Day Moving Average - Time to Sell?

Parker-Hannifin Corporation (NYSE:PH - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $949.30 and traded as high as $965.83. Parker-Hannifin shares last traded at $955.9870, with a volume of 716,837 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets reissued an "outperform" rating and set a $1,214.00 price objective (up from $1,068.00) on shares of Parker-Hannifin in a research report on Friday, August 7th. Stifel Nicolaus set a $1,002.00 price objective on shares of Parker-Hannifin in a research report on Monday, October 19th. Mizuho set a $1,200.00 target price on Parker-Hannifin in a report on Thursday, October 15th. BNP Paribas Exane lifted their price target on Parker-Hannifin from $1,220.00 to $1,270.00 and gave the company an "outperform" rating in a research note on Friday, September 18th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Parker-Hannifin in a report on Thursday, October 15th. Eighteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,146.35.

Parker-Hannifin Stock Up 4.2%

The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 0.44. The firm's 50 day simple moving average is $945.56 and its 200-day simple moving average is $949.30. The stock has a market capitalization of $120.56 billion, a price-to-earnings ratio of 32.83, a price-to-earnings-growth ratio of 2.53 and a beta of 1.15.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The industrial products company reported $8.90 EPS for the quarter, topping analysts' consensus estimates of $8.21 by $0.69. The company had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.81 billion. Parker-Hannifin had a net margin of 16.97% and a return on equity of 28.48%. The company's quarterly revenue was up 17.9% on a year-over-year basis. During the same period in the prior year, the business posted $7.22 EPS. Parker-Hannifin has set its FY 2027 guidance at 36.450-37.250 EPS. Equities analysts expect that Parker-Hannifin Corporation will post 37.06 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, November 13th. Parker-Hannifin's dividend payout ratio (DPR) is currently 27.47%.

Insider Buying and Selling at Parker-Hannifin

In other news, VP Berend Bracht sold 602 shares of the company's stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $1,040.47, for a total transaction of $626,362.94. Following the sale, the vice president owned 4,399 shares in the company, valued at $4,577,027.53. This represents a 12.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.35% of the stock is owned by company insiders.

Institutional Trading of Parker-Hannifin

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Parker-Hannifin in the 2nd quarter valued at about $10,163,362,000. Bank of America Corp DE acquired a new position in shares of Parker-Hannifin during the 2nd quarter worth about $3,273,507,000. Deutsche Bank AG bought a new stake in shares of Parker-Hannifin in the 2nd quarter valued at about $987,587,000. Bank of New York Mellon Corp acquired a new stake in Parker-Hannifin in the 2nd quarter valued at about $712,222,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Parker-Hannifin in the 2nd quarter valued at about $305,628,000. 82.44% of the stock is owned by institutional investors.

Parker-Hannifin Company Profile

Parker-Hannifin is a global manufacturer of motion and control technologies. Its products include hydraulic and pneumatic systems, fluid connectors, filtration and sealing products, electromechanical components, and systems for aerospace and climate control applications.

The company serves customers across industries such as aerospace, manufacturing, transportation, energy, and life sciences. Its operations span markets around the world, with businesses organized around industrial and aerospace products and services.

Founded in 1917 by Arthur L.

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