Hot Stock under Consideration: Parker-Hannifin Corporation (NYSE: PH)

Alton Simmons

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.

Alton Simmons

Alton Simmons

I am Alton Simmons and I focus on breaking news stories and ensuring we (“Tech Business Week”) offer timely reporting on some of the most recent stories released through market wires about “Industrial Goods” sector. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for Tech Business Week specializing in quicker moving active shares with a short term view on investment opportunities and trends. Address: 1075 Ashton Lane Lampasas, TX 76550, USA Phone: (+1) 512-566-9658 Email: Altonsimmons@techbusinessweek.com