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 $1.67 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 $1.67 million.
Wolfe Research downgraded its Parker-Hannifin Corp [PH] rating to a Peer perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in early February with a ‘”a Buy”‘ rating. Wolfe Research also remained covering PH and has increased its forecast on December 12, 2024 with a “an Outperform” recommendation from previously “Peer perform” rating. Stifel revised its rating on November 18, 2024. It rated PH as “a Hold” which previously was an “a Buy”.
Price Performance Review of PH
On Friday, Parker-Hannifin Corp [NYSE:PH] saw its stock fall -7.09% to $517.23. Over the last five days, the stock has lost -14.00%. Parker-Hannifin Corp shares have fallen nearly -18.68% since the year began. Nevertheless, the stocks have fallen -7.40% 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 04/04/25. SMA at 50 days reached $648.70, while 200 days put it at $621.70.
Levels Of Support And Resistance For PH Stock
The 24-hour chart illustrates a support level at 505.40, which if violated will result in even more drops to 493.56. On the upside, there is a resistance level at 533.67. A further resistance level may holdings at 550.10. The Relative Strength Index (RSI) on the 14-day chart is 27.66, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -44.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.08%. Stochastics %K at 23.78% 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 2025-03-14, growing by 0.17 million shares to a total of 1.29 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 1.13 million shares. There was a rise of 12.98%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on November 13, 2024 when UBS began covering the stock and recommended ‘”a Buy”‘ rating along with a $842 price target.
