Parker-Hannifin Corp’s recently made public that its VP & Chief Tech. & Innov. Off. Czaja Mark T unloaded Company’s shares for reported $0.27 million on Jan 31 ’25. In the deal valued at $711.86 per share,375 shares were sold. As a result of this transaction, Czaja Mark T now holds 3,238 shares worth roughly $2.2 million.
Then, Czaja Mark T bought 375 shares, generating $267,052 in total proceeds.
Before that, SCAMINACE JOSEPH sold 663 shares. Parker-Hannifin Corp shares valued at $462,714 were divested by the Director at a price of $697.91 per share. As a result of the transaction, SCAMINACE JOSEPH now holds 3,237 shares, worth roughly $2.2 million.
Citigroup initiated its Parker-Hannifin Corp [PH] rating to a Buy in a research note published on February 07, 2025; the price target was $795. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in mid December from “a Peer perform” to “an Outperform”. Stifel also remained covering PH and has decreased its forecast on November 18, 2024 with a “Hold” recommendation from previously “Buy” rating. UBS started covering the stock on November 13, 2024. It rated PH as “a Buy”.
Price Performance Review of PH
On Monday, Parker-Hannifin Corp [NYSE:PH] saw its stock fall -0.48% to $680.66. Over the last five days, the stock has lost -2.17%. Parker-Hannifin Corp shares have risen nearly 7.02% since the year began. Nevertheless, the stocks have risen 32.37% over the past one year. While a 52-week high of $718.44 was reached on 01/31/25, a 52-week low of $492.71 was recorded on 01/10/25. SMA at 50 days reached $669.45, while 200 days put it at $602.49.
Levels Of Support And Resistance For PH Stock
The 24-hour chart illustrates a support level at 673.95, which if violated will result in even more drops to 667.25. On the upside, there is a resistance level at 688.98. A further resistance level may holdings at 697.31. The Relative Strength Index (RSI) on the 14-day chart is 53.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.81, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 60.13%. Stochastics %K at 47.42% indicates the stock is a holding.
How much short interest is there in Parker-Hannifin Corp?
A steep rise in short interest was recorded in Parker-Hannifin Corp stocks on 2025-01-15, dropping by 86486.0 shares to a total of 1.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 1.3 million shares. There was a decline of -7.11%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 28, 2024 when Raymond James began covering the stock and recommended ‘”an Outperform”‘ rating along with a $610 price target.
