Parker-Hannifin stock: buy or sell

PH stock price: $297.58 3.70% At close on Mar 1st, 2021

Updated on:
Mar 2nd, 2021

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Parker-Hannifin stock brief

  • After hitting new highs on Monday, Parker-Hannifin closed at $297.58 skyrocketing a 3.70%
  • The price is currently higher than the upper Bollinger band, which is usually an indicator of a short-term correction
  • On Monday broke out above its latest top at $292.87
  • Last Wednesday broke out above its latest top at $292.87
  • Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide.

Should I buy Parker-Hannifin stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $PH stock a buy?

Currently, Parker-Hannifin stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $PH in coming sessions, or that it may not climb higher. Simply, it doesn't match our recommended trading systems

Should I sell Parker-Hannifin stock?

Knowing when to sell a stock is even more difficult than knowing when to buy it. Similarly to when we have to buy shares, choosing when is appropiate to sell is not a whimsical decision, and we must use our own trading style. We like very simple strategies to guide us on when is the best time to sell a stock. Be aware that these strategies should not be used for selling short Parker-Hannifin stock

As a rule of thumb, you should never mantain an investment that leads to greater losses than those expected by the time of the buy. The moment to sell your stock should always be dictated by the stop-loss (automatic or manual)

Is it time to sell Parker-Hannifin stock?

Currently, Parker-Hannifin stock doesn't match any of our preferred sell setups, so if you hold Parker-Hannifin stock and your operation is in profit probably is not time to sell now

Parker-Hannifin ratings

In the last 30 days, 6 brokerage ratings were published for Parker-Hannifin. General sentiment is bullish, with 4 out of 6 publishing optimistic outlooks

Parker-Hannifin analysts' ratings - Last 30 days
Brokerage firmRating
Feb 3rd, 2021
Citigroup Neutral
Feb 5th, 2021
BMO Capital Markets Buy
Credit Suisse Group Buy
Morgan Stanley Buy
Stifel Nicolaus Neutral
Feb 22nd, 2021
Vertical Research NeutralStrong buy

Parker-Hannifin stock analysis

$PH at Highs

On Monday, Parker-Hannifin reached all-time highs (ATH) again at $300.79

SMAs overview

PH stock SMAs chart

Supports and resistances

Price is at all-time highs and there are not upper resistance levels.

The current support levels are:

  • S1: $292.87 (-1.58% below)
  • S2: $279.40 (-6.11% below)
  • S3: $277.74 (-6.67% below)
  • Bollinger bands

    When the price moves out of the band (above the upper line or below the lower line) it shows that the price is currently maintaining a very strong trend and therefore can correct the trend to the average. At this point, the price is above the upper band, meaning a short-term corrective movement (at least) until it is below the band

    PH stock Bollinger Bands chart

    Relative strength index

    The has been between the the levels of 30 and 70 for many weeks, and therefore, without this indicator really being helpful in making any decisions.

    PH stock RSI chart

    Parker-Hannifin stock price history

    Parker-Hannifin IPO was on Mar 17th, 1980 at $0.00 per share1. Since then, PH stock surged by -, with an average of 0.00% per year. An investment of $1,000USD at that time would be valued $inf today.

    1: Adjusted price after possible price splits or reverse-splits

    PH stock price history chart

    Price target for Parker-Hannifin stock

    Nobody knows how much a stock will be priced in the future. Banks and financial organisations post their analysis forecasting how a stock will performance in the future.

    The following table shows the price forecasts posted by analysts for the last 30 days. Again, these predictions are not direct recommendations for individual traders and must not be followed blindly.

    The average price target for Parker-Hannifin stock calculated from the table below is $331.00. Parker-Hannifin closed at $297.58 on Monday, that is a 10.10% than the predicted price.

    Parker-Hannifin stock price predictions
    Brokerage firmPrice target
    Feb 3rd, 2021
    Citigroup $250.00$290.00
    Feb 5th, 2021
    BMO Capital Markets $320.00$350.00
    Credit Suisse Group $331.00$355.00
    Morgan Stanley $308.00$317.00
    Stifel Nicolaus $320.00$343.00
    Feb 22nd, 2021
    Vertical Research Not available

    Earnings and financials

    Parker-Hannifin ($PH) had the shareholders call and posted the report in early February. Parker-Hannifin posted earnings of $3.44 per share on sales of $3.4 billion. The market estimate was $2.60 per share on revenue of $3.2 billion.

    By comparison, the EPS for the same quarter last year was $2.54, so reported EPS means a gain of 35.43%. Sales slightly moved on an annualized basis in the , from $35.0B to $34.1B last quarter.

    Parker-Hannifin ($PH) is posting Q3 earnings report late next April. Wall Street predicts of $3.73, compared to Q2 that made $3.44.

    Parker-Hannifin performance

    PH performance compared
    Company1m3m6m
    Parker-Hannifin ($PH) 13.50% 8.20% 43.30%

    Disclaimer:
    The opinions written in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this paper does not know the individual circumstances of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are provided for educative purposes only

    Parker-Hannifin summary

    Monday, March 1st, 2021
    Open$292.15
    Close$297.58
    Day range$291.61 - $300.79
    Previous close$286.96
    Session gain3.70%
    Average true range$10.06
    50d mov avg$275.01
    100d mov avg$259.33
    200d mov avg$224.22
    Earnings dateApril 29th, 2021

    Frequently asked questions

    What is Parker-Hannifin stock symbol?

    Parker-Hannifin Corporation is a public company trading in the US stock market with the PH symbol

    Is Parker-Hannifin stock a buy or sell?

    Parker-Hannifin received 6 ratings in the last 30 days: 4 bullish, 0 bearish and 2 neutral.

    Will PH go up?

    Parker-Hannifin had different price predictions posted by market analysts in the last 30 days setting the target price to $331.00. That is a 11.23% than the current price ($297.58).