Jefferies Keeps a Hold Rating on Parker Hannifin

By Carrie Williams

In a report released today, Sho Fukuhara from Jefferies reiterated a Hold rating on Parker Hannifin (NYSE: PH), with a price target of $163. The company’s shares closed yesterday at $156.22, close to its 52-week high of $166.60.

According to, Fukuhara is a 3-star analyst with an average return of 25.8% and a 100.0% success rate. Fukuhara covers the Industrial Goods sector, focusing on stocks such as United Technologies Corp, Ingersoll-Rand, and SMC Corp (OR).

Parker Hannifin has an analyst consensus of Moderate Buy, with a price target consensus of $173.33.

Based on Parker Hannifin’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $3.12 billion and quarterly net profit of $239 million. In comparison, last year the company earned revenue of $2.83 billion and had a net profit of $187 million.

Based on the recent corporate insider activity of 97 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.