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Is this Large Market Cap Stock target price reasonable for Parker-Hannifin Corporation (NYSE:PH)?

The company in question is, Parker-Hannifin Corporation (NYSE:PH) currently with a stock price of 122.3 (0.98% today). The market cap for Parker-Hannifin Corporation is 16326.84, and is in the sector Industrial Goods, and Industrial Equipment & Components industry. The target price for Parker-Hannifin Corporation is 115. Currently Parker-Hannifin Corporation is trading with a P/E of 22.47, and a forward P/E of 16.71. Average volume for Parker-Hannifin Corporation is 1119.12 and so far today it is 691582.

Performance in the last year for Parker-Hannifin Corporation has been 11.75%. For EPS growth, Parker-Hannifin Corporation has seen a growth of 1.50%, and is looking to grow in the next year to 7.62%. More long term stats show that EPS growth has been 15.40% over the last five years and could be 7.30% for the next five years. Parker-Hannifin Corporation has seen sales growth quarter over quarter at -10.50%, with EPS growth quarter over quarter at -32.20%. The 20-day simple moving average is 8.69%, with the 200-day simple moving average coming to 16.21%.

Since the IPO date for Parker-Hannifin Corporation on the 7/1/1985, Parker-Hannifin Corporation has seen performance year to date to be 26.37%. With Parker-Hannifin Corporation trading at 122.3, the dividend yield is 2.08%, and the EPS is 5.39.

So could Parker-Hannifin Corporation, be undervalued? Well as said before P/E is 22.47. The PEG is 3.08, P/S is 1.41 and the P/B is at 3.25. The P/cash is 7.76, with P/free cash flow at 24.05.

Parker-Hannifin Corporation ability to deal with debt shows that the current ratio is 2.2, and the quick ratio is 1.7. This is with long term debt/equity at 0.53, and total debt/equity at 0.65.

In terms of margins, Parker-Hannifin Corporation has a gross margin of 22.80%, an operating margin of 9.40% and a profit margin of 6.40%.Payout ratio for Parker-Hannifin Corporation is 46.20%. Return on assets come to 6.20% with return on investment coming to 12.60%.

Insider ownership for Parker-Hannifin Corporation, is at 0.40% and institutional ownership comes to 86.60%. Outstanding shares are at 134.81. While shares float is 133. The float short is currently 3.17%, and short ratio is 3.77.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Stephen Butters

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