Hot Stock under Consideration: Parker-Hannifin Corporation (NYSE: PH)
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CLEVELAND, January 18, 2019 – Shares of Parker-Hannifin Corporation (NYSE: PH) gained lost 0.32% to $208.42. The stock grabbed the investor’s attention and traded 75,251 shares as compared to its average daily volume of 874.96K shares. The stock’s institutional ownership stands at 84.70%.
Parker Hannifin Corporation (PH) reported fiscal 2020 first quarter sales of $3.33B, compared with $3.48B in the prior year quarter. Net income was $338.90M, compared with $375.70M in the first quarter of fiscal 2019. Fiscal 2020 first quarter earnings per share were $2.60, compared with $2.79 in the prior year quarter. Adjusted earnings per share were $2.76, compared with adjusted earnings per share of $2.84 in the prior year quarter. Fiscal year-to-date cash flow from operations was a first quarter record at $449.10M, and reached 13.5% of sales, compared with 4.6% in the prior year period. In the first quarter of fiscal 2019, cash flow from operations was 10.3% of sales, excluding a discretionary pension contribution.
PH has a market value of $26.92B while its EPS was booked as $11.40 in the last 12 months. The stock has 129.60M shares outstanding. In the profitability analysis, the company has gross profit margin of 25.40% while net profit margin was 10.40%. Beta value of the company was 1.54; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.50.
