Parker-Hannifin Corp (NYSE: PH) has reported E.P.S. of $5.43 for its first fiscal quarter (ending September 30) versus $5.07 for the same period a year ago — an increase of 7%. For the latest four quarters through September 30, E.P.S. were $22.49 compared to $18.28 a year ago — an increase of 23%.
Recent Price Action
Parker-Hannifin Corp (NYSE: PH) stock increased 1.6% on 10/31/24. The shares closed at $634.07. Moreover, exceptionally high trading volume at 232% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 0.7% during the last week.
Current PriceTarget Research Rating
PH’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Parker-Hannifin has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Parker-Hannifin has a poor Appreciation Score of 27 but a good Power Rating of 77, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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