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Fly News Breaks for October 7, 2015
PH
Oct 7, 2015 | 08:56 EDT
Argus notes that Parker-Hannifin's stock has underperformed the market and the industry over the past quarter, dropping 11% versus a 5% decline in the S&P 500. However, the firm thinks the company is on track to meet its goal of increasing its margins and earnings over the long-term. Noting that the company has consistently lowered its guidance in recent quarters, Argus acknowledges that the company's near-term trends are problematic. However, it is upbeat on the company's management and keeps a $125 price target and Buy rating on the shares.
News For PH From the Last 2 Days
PH
Apr 25, 2024 | 17:01 EDT
Parker Hannifin has declared a quarterly cash dividend of $1.63 per share of common stock to shareholders of record as of May 10, payable June 7.
