KeyBanc Believes PH Won’t Stop Here

By Ryan Adsit

In a report released today, Jeffrey Hammond from KeyBanc maintained a Buy rating on Parker Hannifin (NYSE: PH), with a price target of $148. The company’s shares opened today at $135.97, close to its 52-week high of $140.07.

According to, Hammond is a 4-star analyst with an average return of 10.0% and a 59.1% success rate. Hammond covers the Industrial Goods sector, focusing on stocks such as Thermon Group Holdings Inc., Watts Water Technologies, and Manitowoc Foodservice.

Parker Hannifin has an analyst consensus of Moderate Buy, with a price target consensus of $135.25.

Parker Hannifin’s market cap is currently $18.24B and has a P/E ratio of 22.72. The company has a book value ratio of 3.9256.

Based on the recent corporate insider activity of 93 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Kurt Keller, the VP and Pres-Asia Pacific Group of PH sold 5,530 shares for a total of $753,735.

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.