Deutsche Bank Remains a Buy on Parker Hannifin (PH)

By Ryan Adsit

In a report released today, Nicole Deblase from Deutsche Bank maintained a Buy rating on Parker Hannifin (PHResearch Report), with a price target of $179.00. The company’s shares closed last Thursday at $147.41.

According to TipRanks.com, Deblase is a 1-star analyst with an average return of -2.5% and a 45.2% success rate. Deblase covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Rockwell Automation, and Trane Technologies.

Parker Hannifin has an analyst consensus of Moderate Buy, with a price target consensus of $167.20, representing a 15.1% upside. In a report issued on March 25, Barclays also maintained a Buy rating on the stock with a $167.00 price target.

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Based on Parker Hannifin’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.5 billion and net profit of $204 million. In comparison, last year the company earned revenue of $3.47 billion and had a net profit of $312 million.

Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PH in relation to earlier this year.

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Parker-Hannifin Corp. engages in the manufacture of motion and control technologies and systems. The firm also provides 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 supplies aftermarket services, commercial transports, engines, helicopters, military aircraft, missiles, and unmanned aerial vehicles. The company was founded by Arthur L. Parker in 1918 and is headquartered in Cleveland, OH.