Parker-Hannifin Corporation ($PH) Stock Forecast: Down 3.0% Today

What is Parker-Hannifin Corporation?

Parker-Hannifin Corporation (NYSE: PH) is a global leader in motion and control technologies. The stock had a strong bearish movement today.

Why is Parker-Hannifin Corporation going down?

PH stock is down 3.0% on Sep 3, 2024 14:40

• The renewed call from China for the Philippines to remove the US missile system from its territory may have heightened geopolitical tensions, leading to market uncertainty around Parker-Hannifin's operations in the region.
• The Philippines passing on the US offer to escort ships could have raised concerns about the security situation in the South China Sea, impacting Parker-Hannifin's prospects in the defense sector.
• The insider selling of $1.55M in Parker Hannifin stock by the Chief Executive Officer might have signaled lack of confidence in the company's near-term performance, contributing to the bearish market movement.

PH Price Chart

PH News

Here's How Much a $1000 Investment in Parker-Hannifin Made 10 Years Ago Would Be Worth Today

Investing in certain stocks can pay off in the long run, especially if you hold on for a decade or more.

https://www.zacks.com/stock/news/2330702/heres-how-much-a-1000-investment-in-parker-hannifin-made-10-years-ago-would-be-worth-today

China renews call to PH to remove US missile system from territory

MANILA, Philippines — China renewed its call to the Philippines to quickly remove the US missile system from its territory for its security interest. "This move by the US and the Philippines incites geopolitical confrontation, escalates regional tensions, and harms regional peace and stability. It has aroused high vigilance and concerns of countries in the region. It has aroused high vigilance and concerns of countries in the region," said Lin Jian, spokesman of China''s Ministry of Foreign Affairs (MoFA), in Beijing on Friday. "The Philippines needs to have a clear understanding of the real intention of the US, respond to the everyday problems of regional governments, avoid acting as the cat''s paw for the US at the expense of its security interest, and quickly pull out the missile system as publicly pledged," the Chinese official further stated. China''s renewed call comes after the Philippines'' top military official said deploying a US missile system was mainly for training as the Philippines ramps up its defense capability.

https://www.manilatimes.net/2024/08/31/news/china-renews-call-to-ph-to-remove-us-missile-system-from-territory/1968063

PH passes on US offer to escort ships – for now

BAGUIO — The United States has offered to escort Manila''s resupply missions to outposts in the disputed South China Sea, but the Philippines will not take up the offer until it is unable to deliver live-saving provisions and troops were "on the verge of dying," Armed Forces chief Gen. Romeo Brawner said Thursday. "We''re happy that the US has given us a range of options including that of joining or escorting us for the ROREs (rotation and resupply missions)," Brawner told a news conference after meeting with US Indo-Pacific commander Adm. Samuel Paparo in the northern city of Baguio. Paparo told reporters that "we stand ready," without offering further details. There has been a series of escalating clashes between Philippine and Chinese vessels in the past year during resupply missions to Filipino troops, coast guard personnel and fishermen at Ayungin (Second Thomas), Escoda (Sabina) and Panatag (Scarborough) shoals. China claims most of the South China Sea despite an international ruling that its assertion has no legal basis and defends its actions against Philippine vessels as lawful and proportional.

https://www.manilatimes.net/2024/08/30/news/national/ph-passes-on-us-offer-to-escort-ships-for-now/1967778

Parker Scheduled to Present at the Jefferies Industrials Conference on September 5 at 11:00 a.m. Eastern Time

CLEVELAND, Aug. 27, 2024 ( GLOBE NEWSWIRE ) -- Parker Hannifin Corporation ( NYSE: PH ) , the global leader in motion and control technologies, today announced that it is scheduled to present at the Jefferies Industrials Conference in New York City on September 5, 2024 at 11:00 a.m. Eastern time.

https://www.globenewswire.com/news-release/2024/08/27/2936635/0/en/Parker-Scheduled-to-Present-at-the-Jefferies-Industrials-Conference-on-September-5-at-11-00-a-m-Eastern-Time.html

Chief Executive Officer Of Parker Hannifin Sold $1.55M In Stock - Parker Hannifin ( NYSE:PH )

Jennifer Parmentier, Chief Executive Officer at Parker Hannifin PH, disclosed an insider sell on August 26, according to a recent SEC filing. What Happened: Parmentier's decision to sell 2,641 shares of Parker Hannifin was revealed in a Form 4 filing with the U.S. Securities and Exchange ...

https://www.benzinga.com/insights/news/24/08/40580076/chief-executive-officer-of-parker-hannifin-sold-1-55m-in-stock

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Parker-Hannifin Corporation Price History

03.08.2024 - PH Stock was down 3.0%

• The renewed call from China for the Philippines to remove the US missile system from its territory may have heightened geopolitical tensions, leading to market uncertainty around Parker-Hannifin's operations in the region.
• The Philippines passing on the US offer to escort ships could have raised concerns about the security situation in the South China Sea, impacting Parker-Hannifin's prospects in the defense sector.
• The insider selling of $1.55M in Parker Hannifin stock by the Chief Executive Officer might have signaled lack of confidence in the company's near-term performance, contributing to the bearish market movement.

02.01.2024 - PH Stock was up 7.7%

• Parker-Hannifin shares gapped up following a better than expected earnings announcement, indicating positive investor sentiment.
• The company reported record sales and margins in Q2, surpassing expectations and boosting confidence in its performance.
• The strong fiscal Q2 results with record adjusted earnings further contributed to the bullish movement.
• The raised FY24 guidance and organic sales growth also played a role in the positive market movement.

18.09.2023 - PH Stock was down 5.1%

• The bearish movement in PH today can be attributed to the following factors:
• The escalating crisis in Gaza, as mentioned in an article from Manila Standard, might have created geopolitical uncertainties, leading to a decrease in investor confidence and a sell-off in PH stock.
• The launch of the nation's first sovereign cloud by ePLDT, as mentioned in an article from Manila Shaker, could have diverted investor attention and funds away from PH, resulting in a bearish market movement.
• It is important to note that the overall market conditions and investor sentiment also play a significant role in the stock's performance.

02.10.2023 - PH Stock was up 5.1%

• The bullish movement in PH stock today can be attributed to several factors:
• 1. Strong Q1 earnings: The anticipation of positive Q1 earnings results, with estimated EPS of $5.31 and revenue of $4.88B, has likely contributed to the bullish movement. Investors are optimistic about the company's financial performance.
• 2. Growing remote work trend: The news about PH ranking 7th in the fastest-growing global remote work hubs highlights the company's adaptability and relevance in the changing work landscape. This positive recognition may have boosted investor confidence in the company's long-term prospects.
• 3. Consistent market outperformance: The article mentioning how PH has outperformed the market over the past 10 years by 3.36% on an annualized basis showcases the company's strong track record. This historical performance may have attracted investors seeking stable and profitable investments.
• 4. Earnings expectations: The article mentioning that PH doesn't possess the right combination of key ingredients for a likely earnings beat in its upcoming report might have initially caused some uncertainty. However, the overall positive sentiment surrounding the company's performance and market presence likely outweighed these expectations, leading to the bullish movement.
• Overall, the bullish movement in PH stock today can be attributed to strong earnings anticipation, recognition in the remote work industry, consistent market outperformance, and investor confidence in the company's long-term prospects.

01.07.2023 - PH Stock was up 3.2%

• The bullish movement in PH stock could be attributed to the news of the European Union and the Philippines restarting negotiations on a free-trade agreement. This signals potential opportunities for PH to expand its market reach and increase its revenue.
• Additionally, the $50 million investment in the local renewable energy market by New Wave and a Malaysian firm could have boosted investor confidence in PH, as it indicates potential growth and profitability in the renewable energy sector.
• The expectation of positive Q4 earnings, driven by the benefits from the Win strategy and contribution from the Meggitt acquisition, may have also contributed to the bullish movement in PH stock.
• Furthermore, the $285 million investment pledges secured from Marcos' Malaysia trip could have created a positive sentiment around the Philippine market, including PH stock, as it demonstrates foreign investors' interest and confidence in the country's economy.

03.05.2024 - PH Stock was down 2.9%

• Despite upgrades and strong financial targets, Parker Hannifin's stock experienced a bearish movement.
• The deployment of river rangers to combat plastic pollution in Manila may have raised concerns about environmental regulations impacting the company's operations.
• The focus on plastic waste and environmental challenges in recent discussions could have led to investor sentiment turning bearish on Parker Hannifin.
• The market may be reacting to broader sustainability concerns, impacting companies like Parker Hannifin, despite its strong track record and potential for positive earnings revisions.

01.06.2024 - PH Stock was down 2.5%

• The partnership between Parker Hannifin and Kaon Interactive to drive market segment growth through digital transformation did not seem to positively impact investor sentiment, possibly indicating concerns about the effectiveness of the strategy.
• Tensions between the Philippines and China in the West Philippine Sea, with the Philippines seeking talks to deescalate the situation, may have added geopolitical uncertainty, leading to a negative market sentiment towards Parker Hannifin.
• Despite efforts by the Philippine government to address Chinese aggressive actions, the lack of concrete resolutions could have contributed to a risk-off sentiment among investors, affecting Parker Hannifin's stock negatively.

08.07.2024 - PH Stock was up 5.2%

• Parker-Hannifin Corp. reported a fiscal fourth-quarter profit of $785 million, exceeding expectations, which likely boosted investor confidence in the company's performance.
• The faster growth rate of 6.3% in the Philippine economy could have positively impacted PH's market movement, indicating potential opportunities for increased demand for its products.
• Expectations of strength in commercial and military end markets for Parker-Hannifin's fiscal Q4 results might have contributed to the bullish movement, overshadowing concerns about weakness in other sectors.
• Analysts and investors closely monitoring key metrics and estimates for Parker-Hannifin's performance could have led to increased trading activity and a positive sentiment towards the stock.

01.07.2024 - PH Stock was down 5.2%

• The bearish movement in PH stock today could be attributed to several factors:
• The market may be reacting to the news that Parker-Hannifin is not expected to beat earnings estimates in its upcoming report, dampening investor sentiment.
• The announcement of SK Capital acquiring North America Composites & Fuel Containment Division from Parker Hannifin Corporation could have raised concerns about potential changes in the company's structure or future prospects.
• Despite receiving $500 million in military aid from the US, geopolitical tensions and uncertainties in the South China Sea region may have impacted investor confidence in Parker-Hannifin's stock.
• The overall cautious sentiment towards manufacturing stocks, as observed in discussions about manufacturing stock picks for the rebuilding of America, might have influenced the bearish trend in PH stock today.

01.07.2024 - PH Stock was down 2.9%

• Parker Hannifin Corporation announced the sale of its North America Composites & Fuel Containment Division to SK Capital, which might have raised concerns among investors about the company's future growth prospects.
• The news of receiving $500 million in military aid from the US could have potentially led to uncertainties about the company's focus shifting away from its core business operations.
• The upcoming earnings release might have triggered profit-taking by investors who were cautious about the company's financial performance.
• The general sentiment around manufacturing stocks being viewed as a less exciting investment option could have contributed to the bearish movement in Parker Hannifin's stock.

08.07.2024 - PH Stock was up 7.4%

• Parker-Hannifin reported strong fourth-quarter 2024 results with a 2% year-over-year sales growth and 3% organic growth, exceeding expectations.
• The company provided an upbeat annual outlook for 2025, which contributed to the stock soaring.
• The earnings and revenue surpassing estimates by 8.67% and 1.76% respectively, signaled positive future prospects for Parker-Hannifin.
• The impressive performance of the aerospace segment also played a significant role in the stock's bullish movement.

08.07.2024 - PH Stock was up 9.6%

• Strong fourth-quarter earnings and sales were reported by Parker-Hannifin (PH), exceeding expectations and demonstrating year-over-year growth, notably bolstered by the solid performance of its Aerospace Systems segment.
• Positive financial results and an optimistic forecast for FY25 resulted in a notable surge in PH stock value during Thursday's trading session.
• Investor response was favorable to PH's impressive performance, leading to a substantial increase in the stock price as shareholders reacted to the company's promising outlook and growth trajectory.
• Parker-Hannifin's robust earnings announcement and positive future outlook were key drivers behind the upward movement in its stock price, signaling investor confidence in the company's ongoing market success.