Parker Hannifin Stock Price on May 2, 2024
| PH Stock | USD 546.87 1.13 0.21% |
Below is the normalized historical share price chart for Parker Hannifin extending back to November 05, 1984. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Parker Hannifin stands at 546.87, as last reported on the 22nd of May, with the highest price reaching 548.55 and the lowest price hitting 545.13 during the day.
If you're considering investing in Parker Stock, it is important to understand the factors that can impact its price. We consider Parker Hannifin very steady. Parker Hannifin maintains Sharpe Ratio (i.e., Efficiency) of 0.0623, which implies the firm had a 0.0623% return per unit of risk over the last month. We have found twenty-eight technical indicators for Parker Hannifin, which you can use to evaluate the volatility of the company. Please check Parker Hannifin's Coefficient Of Variation of 1605.99, risk adjusted performance of 0.039, and Semi Deviation of 1.32 to confirm if the risk estimate we provide is consistent with the expected return of 0.0814%.
As of now, Parker Hannifin's Stock Based Compensation is increasing as compared to previous years. . As of now, Parker Hannifin's Price To Free Cash Flows Ratio is increasing as compared to previous years. The Parker Hannifin's current Price To Book Ratio is estimated to increase to 4.58, while Price Earnings Ratio is projected to decrease to 22.98. Parker Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 1st of July 1985 | 200 Day MA 465.7577 | 50 Day MA 548.355 | Beta 1.511 |
Parker |
Sharpe Ratio = 0.0623
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Estimated Market Risk
| 1.31 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Parker Hannifin is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Parker Hannifin by adding it to a well-diversified portfolio.
Price Book 6.2523 | Enterprise Value Ebitda 17.0135 | Price Sales 3.5644 | Shares Float 127.7 M | Dividend Share 5.92 |
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Parker Hannifin Valuation on May 2, 2024
It is possible to determine the worth of Parker Hannifin on a given historical date. On May 2, 2024 Parker was worth 525.2 at the beginning of the trading date compared to the closed value of 529.12. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Parker Hannifin stock. Still, in general, we apply an absolute valuation method to find Parker Hannifin's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Parker Hannifin where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Parker Hannifin's related companies.
| Open | High | Low | Close | Volume | |
| 542.36 | 552.19 | 540.48 | 541.37 | 903,773 | |
05/02/2024 | 525.20 | 535.00 | 515.82 | 529.12 | 1,732,926 |
| 536.49 | 547.35 | 532.54 | 534.61 | 970,079 |
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Parker Hannifin Trading Date Momentum on May 2, 2024
| On May 03 2024 Parker Hannifin was traded for 534.61 at the closing time. The highest price during the trading period was 547.35 and the lowest recorded bid was listed for 532.54 . The volume for the day was 970.1 K. This history from May 3, 2024 contributed to the next trading day price growth. The trading delta at closing time to the next closing price was 1.04% . The trading delta at closing time to the current price is 6.06% . |
Parker Hannifin Fundamentals Correlations and Trends
By evaluating Parker Hannifin's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Parker Hannifin's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Parker financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Parker Hannifin Stock history
Parker Hannifin investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Parker is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Parker Hannifin will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Parker Hannifin stock prices may prove useful in developing a viable investing in Parker Hannifin
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 116.8 M | 126.9 M | |
| Net Income Applicable To Common Shares | 2.4 B | 2.5 B |
Parker Hannifin Stock Technical Analysis
Parker Hannifin technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Parker Hannifin Period Price Range
Low | May 2, 2024
| High |
525.20 | 529.12 |
Parker Hannifin May 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Parker Hannifin stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Parker Hannifin shares will generate the highest return on investment. By undertsting and applying Parker Hannifin stock market strength indicators, traders can identify Parker Hannifin entry and exit signals to maximize returns
| Accumulation Distribution | 62126.21 | |||
| Daily Balance Of Power | 0.2044 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 525.41 | |||
| Day Typical Price | 526.65 | |||
| Price Action Indicator | 5.67 | |||
| Period Momentum Indicator | 17.75 |
Parker Hannifin Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Parker Hannifin's price direction in advance. Along with the technical and fundamental analysis of Parker Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Parker to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.039 | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0487 |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parker Hannifin. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. For more detail on how to invest in Parker Stock please use our How to Invest in Parker Hannifin guide.Note that the Parker Hannifin information on this page should be used as a complementary analysis to other Parker Hannifin's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Parker Stock analysis
When running Parker Hannifin's price analysis, check to measure Parker Hannifin's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Parker Hannifin is operating at the current time. Most of Parker Hannifin's value examination focuses on studying past and present price action to predict the probability of Parker Hannifin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Parker Hannifin's price. Additionally, you may evaluate how the addition of Parker Hannifin to your portfolios can decrease your overall portfolio volatility.
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Is Parker Hannifin's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Parker Hannifin. If investors know Parker will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Parker Hannifin listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.225 | Dividend Share 5.92 | Earnings Share 21.26 | Revenue Per Share 154.435 | Quarterly Revenue Growth 0.003 |
The market value of Parker Hannifin is measured differently than its book value, which is the value of Parker that is recorded on the company's balance sheet. Investors also form their own opinion of Parker Hannifin's value that differs from its market value or its book value, called intrinsic value, which is Parker Hannifin's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Parker Hannifin's market value can be influenced by many factors that don't directly affect Parker Hannifin's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Parker Hannifin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Parker Hannifin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Parker Hannifin's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.