Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Parker-Hannifin Corp shares valued at $266,948 were sold by Czaja Mark T on Jan 31 ’25. At $711.86 per share, Czaja Mark T sold 375 shares. The insider’s holdings dropped to 3,238 shares worth approximately $2.12 million following the completion of this transaction.
Also, Czaja Mark T purchased 375 shares, netting a total of over 267,052 in proceeds.
Before that, SCAMINACE JOSEPH had sold 663 shares from its account. In a trade valued at $462,714, the Director traded Parker-Hannifin Corp shares for $697.91 each. Upon closing the transaction, the insider’s holdings decreased to 663 shares, worth approximately $2.12 million.
As published in their initiating research note from Citigroup on February 07, 2025, Parker-Hannifin Corp [PH] has been a Buy and the price target has been revised to $795. Analysts at Wolfe Research upgraded the stock from ‘”a Peer perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid December. As of November 18, 2024, Stifel has decreased its “Buy” rating to a “Hold” for PH. Earlier on November 13, 2024, UBS initiated its rating. Their recommendation was “a Buy” for PH stock.
Analyzing PH Stock Performance
During the last five days, there has been a drop of approximately -5.82%. Over the course of the year, Parker-Hannifin Corp shares have jumped approximately 2.98%. Shares of the company reached a 52-week high of $718.44 on 01/31/25 and a 52-week low of $624.28 on 01/10/25. A 50-day SMA is recorded $665.72, while a 200-day SMA reached $610.34.
Support And Resistance Levels for Parker-Hannifin Corp (PH)
According to the 24-hour chart, there is a support level at 647.83, which, if violated, would cause prices to drop to 640.67. In the upper region, resistance lies at 668.69. The next price resistance is at 682.39. RSI (Relative Strength Index) is 39.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -21.65, which suggests the price will decrease in the coming days. Percent R is at 86.18%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
