TD Cowen Remains a Hold on Parker Hannifin (PH)
TD Cowen analyst Joseph C Giordano maintained a Hold rating on Parker Hannifin (PH – Research Report) today. The company's shares closed today at $652.21.
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According to TipRanks, C Giordano is a 4-star analyst with an average return of 7.4% and a 58.94% success rate. C Giordano covers the Industrials sector, focusing on stocks such as Ametek, Symbotic, and ABB Ltd.
Parker Hannifin has an analyst consensus of Strong Buy, with a price target consensus of $715.78, representing a 9.75% upside. In a report released on June 6, Stifel Nicolaus also maintained a Hold rating on the stock with a $670.00 price target.
The company has a one-year high of $718.44 and a one-year low of $488.45. Currently, Parker Hannifin has an average volume of 803.6K.
Based on the recent corporate insider activity of 75 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. Last month, Joseph Scaminace, a Director at PH sold 958.00 shares for a total of $639,474.58.
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