Parker Hannifin Receives a Buy from BMO Capital

By Jason Carr

In a report released today, Joel Tiss from BMO Capital reiterated a Buy rating on Parker Hannifin (NYSE: PH), with a price target of $175. The company’s shares closed yesterday at $154.82.

According to, Tiss is a 4-star analyst with an average return of 10.3% and a 66.0% success rate. Tiss covers the Industrial Goods sector, focusing on stocks such as Illinois Tool Works, The Middleby Corp, and Ingersoll-Rand.

Currently, the analyst consensus on Parker Hannifin is Strong Buy and the average price target is $173.50, representing a 12.1% upside.

In a report issued on April 12, Credit Suisse also maintained a Buy rating on the stock with a $169 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.

Based on the recent corporate insider activity of 103 insiders, corporate insider sentiment is negative on the stock. Most recently, in December 2016, Lee Banks, the President and COO of PH sold 20,900 shares for a total of $2,975,324.

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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.