Shares of Parker-Hannifin Corporation (NYSE:PH) traded at a new 52-week high today of $340.00. So far today approximately 418,000 shares have been exchanged, as compared to an average 30-day volume of 696,000 shares.
Parker Hannifin is an industrial conglomerate operating two segments: diversified industrial, which serves a variety of end markets, and aerospace systems, which sells engine and actuation components. The diversified industrial segment consists of six groups, including engineered materials (sealing devices), filtration (filters and systems monitoring and removing contaminants from liquids and gases), fluid connectors (valves, couplings, and other fittings), instrumentation (flow manufacturing components and fluid control applications), and motion systems (hydraulic, pneumatic, and electromechanical components in industrial machinery and equipment). The segment boasts 15,500 independent distributors, and about 40% of its business occurs outside the United States.
In the past 52 weeks, Parker-Hannifin Corporation share prices are bracketed by a low of $266.26 and a high of $340.00 and is now at $324.20, 22% above that low price.
Parker-Hannifin Corporation (NYSE:PH) is currently priced 8.9% above its average consensus analyst price target of $295.26.
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