Parker-Hannifin stock: buy or sell

PH stock price: $321.84 1.78% At close on May 14th, 2021

Updated on:
May 17th, 2021

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Parker-Hannifin stock brief

  • Parker-Hannifin grew a 1.78% after making new highs on May 10
  • The price is currently above the upper Bollinger band, which usually indicates a short-term correction
  • Parker-Hannifin shares are just 0.87% below all-time highs
  • 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?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. 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?

In the current situation of Parker-Hannifin there is not any eligible buy setup. This doesn't mean $PH will slide in coming sessions, or it will not rise 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. Just as when we have to buy shares, choosing when is the best time to sell is not a whimsical decision, and we must adhere our own trading style. When selling, as well as buying, detailed strategies are very simple to follow but are only valid for selling stocks you already own, not for shorting Parker-Hannifin stock

As a rule of thumb, you should never hold an operation that produces higher than expected losses by the time of the buy. The moment to sell shares should always be ruled by the stop-loss (automatic or manual)

Is it time to sell Parker-Hannifin stock?

In the current situation of Parker-Hannifin there is not any eligible sell setup, so Parker-Hannifin stock holders with operations in green can keep their positions

Parker-Hannifin ratings

In the last 30 days, 5 analyst ratings were published for Parker-Hannifin. General sentiment is bullish, with 5 out of 5 posting optimistic outlooks

Parker-Hannifin analysts' ratings - Last month
Brokerage firmRating
Apr 19th, 2021
Deutsche Bank Aktiengesellschaft Strong buy
Morgan Stanley Buy
May 3rd, 2021
Barclays Buy
May 5th, 2021
Argus BuyStrong buy
May 10th, 2021
Barclays Buy

Parker-Hannifin stock analysis

$PH at new All-time Highs

Parker-Hannifin reached new all-time highs (ATH) on May 10 at $324.68, and cleared the field for new highs as there are no further resistances. Previous highs were in early April

SMAs overview

PH stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $322.74 (0.28% above)
  • R2: $324.68 (0.88% above)
  • The current support levels are:

  • S1: $304.48 (-5.39% below)
  • S2: $304.00 (-5.54% below)
  • S3: $291.92 (-9.30% below)
  • Bollinger bands

    The current range between the upper and lower bands is 4.40%, thus meaning that price volatility is low. Reduced volatility is often the antecedent to a sudden movement (up or down), so we must be alert and manage our buy or sell orders correctly

    PH stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 last March after just crossing to the overbough zone for a single day (weak signal). The RSI reading last Friday was 57.72. Parker-Hannifin shares skyrocketed a 2.54% since RSI lost the overbought zone

    PH stock RSI chart

    Parker-Hannifin stock price history

    Parker-Hannifin started trading priced at an adjusted price1 of $0.00 on Mar 1980. Since then, PH stock surged by -, with an average of 0.00% per year. An investment of thousand dollars on the IPO would worth $inf today.

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

    PH stock price history chart

    Price target for Parker-Hannifin stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.

    Along with buy or sell recommendations, brokerage institutions post their price target based on the stock price action and the company fundamental data. Most of these predictions follow the publication of new financial information by the company, and usually. Again, these estimates are not direct recommendations for individual traders and should not be trusted blindly.

    Averaging all price targets exposed below, the estimated price for Parker-Hannifin stock is $345.40. Parker-Hannifin closed at $321.84 last Friday, so the target price is predicting an increase by 7.32%.

    Parker-Hannifin stock price predictions
    Brokerage firmPrice target
    Apr 19th, 2021
    Deutsche Bank Aktiengesellschaft $331.00$347.00
    Morgan Stanley $350.00$355.00
    May 3rd, 2021
    Barclays $330.00$340.00
    May 5th, 2021
    Argus $310.00$345.00
    May 10th, 2021
    Barclays $330.00$340.00

    Earnings and financials

    Parker-Hannifin Corporation ($PH) came out with earnings of $4.11 per share in late April, slightly surpassing the Wall St consensus estimate of $3.78 per share. This Q3 report represents an earnings surprise of 8.73%. On the contrary, reported sales were $3.7 billion, aligned with analysts' estimates.

    Compared to the same quarter last year, EPS was $2.92, so reported EPS is a improvement of 40.75%. Looking at revenue, figures only moved compared to $37.0B year over year.

    Parker-Hannifin ($PH) is presenting Q4 earnings report next August. Expected for this quarter is $4.31, compared to $4.11 that was reported for Q3.

    Parker-Hannifin performance

    PH performance compared
    Company1m3m6m
    Parker-Hannifin ($PH) 0.40% 15.80% 24.30%

    Disclaimer:
    The comments published in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this paper does not have an understanding of the particular circumstances of the reader, his or her financial statements 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 general educational reasons only

    Parker-Hannifin summary

    Friday, May 14th, 2021
    Open$316.77
    Close$321.84
    Day range$316.77 - $324.21
    Previous close$316.21
    Session gain1.78%
    Average true range$8.63
    50d mov avg$313.12
    100d mov avg$294.35
    200d mov avg$259.11
    Earnings dateAugust 5th, 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 5 ratings in the last 30 days: 5 bullish, 0 bearish and 0 neutral.

    Will PH go up?

    Parker-Hannifin had different price predictions posted by analysts in the last 4 weeks forecasting the target price to $345.40. That is a 7.32% than the current price ($321.84).