Bernstein Reiterates Rating on Parker-Hannifin Corporation $PH
Key Points
- Bernstein now rates Parker-Hannifin Corporation ($PH) "buy" with a $1,026 target.
- Bernstein's $1,026 price target implies 10.85% upside from Parker-Hannifin Corporation's ($PH) current $925.53 share price.
- The Street's average $PH price target is $1,160.95 (Buy).
- $PH last traded around $925.53.
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Bernstein reiterated its rating on Parker-Hannifin Corporation ($PH) to a "buy" rating in a recent research note and set a price target of $1,026, a 10.85% upside from the current price.
Parker-Hannifin Corporation Stock Down 6.8%
Shares of Parker-Hannifin Corporation ($PH) traded around $925.53 on Saturday, down 6.8% for the day.
Parker-Hannifin Corporation Earnings
Parker-Hannifin Corporation Dividend
Analysts Set New Price Targets
About Parker-Hannifin Corporation
Parker-Hannifin Corporation engages in the manufacture and sale of motion and control technologies and systems for aerospace and defense, in-plant and industrial equipment, transportation, off-highway, energy, and HVAC and refrigeration markets in North America, Europe, Asia Pacific, and Latin America. It operates through two segments: Diversified Industrial and Aerospace Systems. The company offers various motion-control systems and components, such as active and passive vibration control, high purity sealing, coatings, high temperature sealing, cryogenic valves and fittings, HVAC/R controls and monitoring, elastomeric, fabric reinforced, metal, precision cut seals, hydrogen and natural gas filters, electric and hydraulic pumps and motors, industrial air, gas filtration, electric and hydraulic valves, miniature pumps and valves, electromagnetic interface shielding, pneumatic actuators, regulators and valves, electromechanical and hydraulic actuators, power take offs, electronics, drives and controllers, process filtration solutions, engine filtration solutions, rubber to substrate adhesives, fluid condition monitoring, sensors and diagnostics, fluid conveyance hose and tubing, structural adhesives, high pressure connectors, fittings, valves and regulators, thermal management, high purity fittings. The company also provides products for use in commercial and defense airframe and engine programs, such as avionics, electric and hydraulic braking systems, electric power, electromechanical actuators, engine exhaust systems and components, fire detection and suppression, flight control systems, fluid conveyance, fuel systems and components, fuel tank inserting systems, hydraulic pumps and motors, hydraulic valves and actuators, pneumatics, seals, sensors, and thermal management products. The company sells its products to original equipment manufacturers, distributors, direct-sales employees. Parker-Hannifin Corporation was founded in 1917 and is headquartered in Cleveland, Ohio.
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