Stock Update: Parker-Hannifin Corporation (NYSE:PH) – Nordson ASYMTEK Teams with Parker Chomerics for High-volume, Precision Conductive Coating Spray Application

[Business Wire] – Nordson ASYMTEK, a Nordson company , and Parker Chomerics, a Division of Parker Hannifin Corporation , are partnering at SEMICON West in Parker Chomerics’ booth #6557 to demonstrate precision, high-volume spray applications for EMI coating solutions. Read more on this. Parker-Hannifin Corporation (PH) , with a current value of $14.93B, started the session at $109.68. During today’s session, PH traded between $109.28 to $111.16 and has traded between $83.32 and $117.78 over the past year. PH shares are currently priced at 17.15x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.20x forward p/e ratio. The company pays shareholders $2.52 per share annually in dividends, yielding 2.35%. Consensus earnings for the current quarter by the 19 sell-side analysts covering the stock is an estimate of $1.76 per share, which would be $0.33 better than the year-ago quarter and a $0.16 sequential increase. The full-year EPS estimate is $6.31 which would be a $0.94 worse than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.93 Billion. If realized, that would be a 6.69% decrease over the year-ago quarter. In terms of ratings, Wells Fargo upgraded PH from Market Perform to Outperform (Jun 30, 2016). Previously, JP Morgan downgraded PH from Neutral to Underweight. When considering if the stock is under or overvalued, the average price target is $113.40, which is 3.39% above where the stock opened this morning. See more in (NYSE:PH) Similar Articles: Stock Update: Parker-Hannifin Corporation (NYSE:PH) – Parker Hannifin Wins Gold at Medical Design Excellence Awards for Indego® Exoskeleton Market Update: Parker-Hannifin Corporation (NYSE:PH) – FDA Clears Parker’s Indego® Exoskeleton for Clinical, Personal Use Market Update: Parker-Hannifin Corporation (NYSE:PH) – Parker Declares Quarterly Cash Dividend