Market Update: Parker-Hannifin Corporation (NYSE:PH) – Parker Scheduled to Present at the Wells Fargo Securities Industrial and Construction Conference on May 11 at 1:15 p.m. Eastern Time

[GlobeNewswire] – CLEVELAND, May 04, 2016– Parker Hannifin Corporation, the global leader in motion and control technologies, today announced that it is scheduled to present at the Wells Fargo Securities Industrial and … Read more on this. Parker-Hannifin Corporation (PH) , currently valued at $15.01B, began trading this morning at $112.74. During today’s session, PH traded between $110.20 to $113.07 with the price of the stock fluctuating between $83.32 to $125.33 over the last 52 weeks. Parker Hannifin (PH) shares are currently priced at 18.50x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.47x earnings multiple for the same period. The company pays shareholders $2.52 per share in dividend income per year, for a current yield of 2.17%. In a review of the consensus earnings estimate this quarter, 19 sell-side analysts are looking at $1.74 per share, which would be $0.31 better than the year-ago quarter and a $0.10 sequential increase. Investors should also note that the full-year EPS estimate of $6.27 is a $0.98 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.92 Billion. If realized, that would be a 7.01% decrease over the year-ago quarter. Recently, Avondale Initiated PH at Mkt Perform (Apr 8, 2016). Previously, Barclays Initiated PH at to Equal Weight. The average price target for PH shares by the analysts covering it is $111.94, which is 0.71% below where the stock opened. See more in (NYSE:PH) Similar Articles: Company Update: Parker-Hannifin Corporation (NYSE:PH) – Parker to Announce Fiscal 2016 Second Quarter Earnings on January 26; Conference Call and Webcast Scheduled for 11 a.m. Eastern Company Update: Parker-Hannifin Corporation (NYSE:PH) – Parker Hannifin Announces Retirement of Donald E. Washkewicz, Chairman of the Board and former CEO and President, After 43 Years of Service Stock Update: Parker-Hannifin Corporation (NYSE:PH) – Parker Scheduled to Present at Robert W. Baird Industrial Conference on November 10 at 3:30 p.m. Central time (4:30 p.m. Eastern time)