Morgan Stanley Sticks to Their Hold Rating for Parker Hannifin (PH)

Morgan Stanley analyst Christopher Snyder maintained a Hold rating on Parker Hannifin today and set a price target of $1,038.00.

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According to TipRanks, Snyder is a 4-star analyst with an average return of 11.1% and a 55.61% success rate. Snyder covers the Industrials sector, focusing on stocks such as WW Grainger, Ralliant Corporation, and Ametek.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Parker Hannifin with a $1,034.40 average price target.

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, Berend Bracht, the VP & Pres.- Motion Sys. Grp of PH sold 1,127.00 shares for a total of $1,129,400.51.