Parker Hannifin Gets a Hold from BarclaysBy Jason Carr
According to TipRanks.com, Davis is a 3-star analyst with an average return of 1.1% and a 58.6% success rate. Davis covers the Industrial Goods sector, focusing on stocks such as Standex International Corp, Emerson Electric Company, and Honeywell International.
Currently, the analyst consensus on Parker Hannifin is Strong Buy and the average price target is $173, representing an 11.1% upside.
In a report issued on April 11, Jefferies also reiterated a Hold rating on the stock with a $163 price target.
Based on Parker Hannifin’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $2.67 billion and quarterly net profit of $241 million. In comparison, last year the company earned revenue of $2.83 billion and had a net profit of $187 million.
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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. The Aerospace Systems Segment involves products for the commercial and military aerospace markets. The company was founded by Arthur L. Parker in 1918 and is headquartered in Cleveland, OH.