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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 123.22 (-0.23% today). The market cap for Parker-Hannifin Corporation is 16412.9, and is in the sector Industrial Goods, and Industrial Equipment & Components industry. The target price for Parker-Hannifin Corporation is 118.87. Currently Parker-Hannifin Corporation is trading with a P/E of 20.91, and a forward P/E of 16.56. Average volume for Parker-Hannifin Corporation is 1075.14 and so far today it is 791100.

Performance in the last year for Parker-Hannifin Corporation has been 21.46%. For EPS growth, Parker-Hannifin Corporation has seen a growth of -15.50%, and is looking to grow in the next year to 9.57%. More long term stats show that EPS growth has been -1.50% over the last five years and could be 9.22% for the next five years. Parker-Hannifin Corporation has seen sales growth quarter over quarter at -6.00%, with EPS growth quarter over quarter at 39.60%. The 20-day simple moving average is 6.42%, with the 200-day simple moving average coming to 15.26%.

Since the IPO date for Parker-Hannifin Corporation on the 7/1/1985, Parker-Hannifin Corporation has seen performance year to date to be 29.23%. With Parker-Hannifin Corporation trading at 123.22, the dividend yield is 2.05%, and the EPS is 5.89.

So could Parker-Hannifin Corporation, be undervalued? Well as said before P/E is 20.91. The PEG is 2.27, P/S is 1.44 and the P/B is at 3.62. The P/cash is 7.8, with P/free cash flow at 24.19.

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 0.58, and total debt/equity at 0.66.

In terms of margins, Parker-Hannifin Corporation has a gross margin of 23.00%, an operating margin of 9.80% and a profit margin of 7.10%.Payout ratio for Parker-Hannifin Corporation is 42.30%. Return on assets come to 6.70% with return on investment coming to 10.60%.

Insider ownership for Parker-Hannifin Corporation, is at 0.40% and institutional ownership comes to 84.20%. Outstanding shares are at 133.2. While shares float is 132.09. The float short is currently 2.37%, and short ratio is 2.91.

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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