Barclays Reaffirms Their Buy Rating on Parker Hannifin (PH)

In a report released today, Julian Mitchell from Barclays maintained a Buy rating on Parker Hannifin, with a price target of $1,020.00.

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Mitchell covers the Industrials sector, focusing on stocks such as Eaton, Emerson Electric Company, and Honeywell International. According to TipRanks, Mitchell has an average return of 17.8% and a 69.73% success rate on recommended stocks.

In addition to Barclays, Parker Hannifin also received a Buy from Wells Fargo’s Joe O’Dea in a report issued on February 5. However, on February 3, Stifel Nicolaus maintained a Hold rating on Parker Hannifin (NYSE: PH).

Based on Parker Hannifin’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.17 billion and a net profit of $845 million. In comparison, last year the company earned a revenue of $4.74 billion and had a net profit of $948.54 million

Based on the recent corporate insider activity of 94 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. Earlier this month, Rachid Bendali, the VP & Pres.- Eng. Mat. Grp of PH sold 412.00 shares for a total of $414,776.88.