In a filing, Parker-Hannifin Corp revealed its Director Joseph Scaminace Revocable Tru acquired Company’s shares for reported $0.46 million on Nov 15 ’24. In the deal valued at $697.91 per share,663 shares were bought.
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Then, Joseph Scaminace bought 458 shares, generating $321,267 in total proceeds.
Before that, Gentile Thomas C sold 2,430 shares. Parker-Hannifin Corp shares valued at $1,703,826 were divested by the VP-Global Supply Chain at a price of $701.16 per share. As a result of the transaction, Gentile Thomas C now holds 5,465 shares, worth roughly $3.82 million.
UBS initiated its Parker-Hannifin Corp [PH] rating to a Buy in a research note published on November 13, 2024; the price target was $842. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in late June with a ‘”an Outperform”‘ rating. Mizuho also remained covering PH and has increased its forecast on May 28, 2024 with a “Buy” recommendation from previously “Neutral” rating. Truist started covering the stock on March 14, 2024. It rated PH as “a Buy”.
Price Performance Review of PH
On Friday, Parker-Hannifin Corp [NYSE:PH] saw its stock jump 0.18% to $698.91. Over the last five days, the stock has gained 0.48%. Parker-Hannifin Corp shares have risen nearly 51.71% since the year began. Nevertheless, the stocks have risen 62.89% over the past one year. While a 52-week high of $711.60 was reached on 11/11/24, a 52-week low of $425.20 was recorded on 01/03/24. SMA at 50 days reached $636.13, while 200 days put it at $564.77.
Levels Of Support And Resistance For PH Stock
The 24-hour chart illustrates a support level at 695.11, which if violated will result in even more drops to 691.31. On the upside, there is a resistance level at 703.39. A further resistance level may holdings at 707.87. The Relative Strength Index (RSI) on the 14-day chart is 67.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 28.48, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.75%. Stochastics %K at 89.35% indicates the stock is a selling.
How much short interest is there in Parker-Hannifin Corp?
A steep rise in short interest was recorded in Parker-Hannifin Corp stocks on 2024-10-31, dropping by 58767.0 shares to a total of 1.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.09 million shares. There was a decline of -5.7%, which implies that there is a negative sentiment for the stock.
