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Stock Update (NYSE:PH): Parker Elects BorgWarner President and CEO James Verrier to Board of Directors

[GlobeNewswire] – CLEVELAND, March 21, 2016– Parker Hannifin Corporation, the global leader in motion and control technologies, today announced the election of James R. Verrier to its Board of Directors, effective April … Read more on this. Parker-Hannifin Corporation (PH) , valued at $15.23B, ended session yesterday at $112.38. Looking at the equity, the company’s one day range is $112.00 to $112.87 and has traded between $83.32 and $125.33 over the past year. PH shares are currently priced at 18.45x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.17x earnings multiple. The company pays shareholders $2.52 per share annually in dividends, yielding 2.24%. Consensus earnings for the current quarter by the 17 sell-side analysts covering the stock is an estimate of $1.42 per share, which would be $0.64 worse than the year-ago quarter and a $0.21 sequential decrease. The full-year EPS estimate is $6.09 which would be a $1.16 setback than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.81 Billion. If realized, that would be a 11.08% decrease over the year-ago quarter. Recently, Jefferies downgraded PH from Buy to Hold (Jan 20, 2016). Previously, Argus downgraded PH from Buy to Hold. Investors should keep in mind is that the average price target is $100.33, which is 10.72% below where the stock opened this morning. See more in (NYSE:PH) Similar Articles: Market Update: Parker-Hannifin Corporation (NYSE:PH) – Parker Declares Quarterly Cash Dividend 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 Announces Acquisition of President Engineering Group to Strengthen LNG, Industrial Gas and Mining Capabilities
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