PH Stock Summary and Trading Ideas (Parker Hannifin | NYSE:PH)

Parker Hannifin is an industrial conglomerate operating through two segments: diversified industrial, which serves a variety of end markets, and aerospace systems, which sells engine and actuation components. The diversified industrial segment consists of six groups, including engineered materials (sealing devices), filtration (filters and systems monitoring and removing contaminants from liquids and gases), fluid connectors (valves, couplings, and other fittings), instrumentation (flow manufacturing components and fluid control applications), and motion systems (hydraulic, pneumatic, and electromechanical components in industrial machinery and equipment). The segment boasts 17,100 independent distributors, and about 40% of its business occurs outside the United States.

Parker Hannifin trades on the NYSE stock market under the symbol PH.

As of April 19, 2024, PH stock price declined to $534.65 with 528,599 million shares trading.

PH has a beta of 1.29, meaning it tends to be more sensitive to market movements. PH has a correlation of 0.55 to the broad based SPY ETF.

PH has a market cap of $68.65 billion. This is considered a Large Cap stock.

Last quarter Parker Hannifin reported $5 billion in Revenue and $6.15 earnings per share. This beat revenue expectation by $11 million and exceeded earnings estimates by $.89.

In the last 3 years, PH stock traded as high as $570.15 and as low as $230.44.

The top ETF exchange traded funds that PH belongs to (by Net Assets): VTI, VOO, SPY, IVV, VTV.

PH has outperformed the market in the last year with a return of +66.5%, while the SPY ETF gained +21.2%. In the last 3 month period, PH beat the market returning +15.1%, while SPY returned +4.3%. However, in the most recent 2 weeks PH has underperformed the stock market by returning -3.8%, while SPY returned -3.5%.

PH support price is $529.71 and resistance is $546.47 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PH stock will trade within this expected range on the day.