Parker -Hannifin traded at $862.72 this Friday May 15th, decreasing $17.71 or 2.01 percent since the previous trading session. Looking back, over the last four weeks, Parker-Hannifin lost 9.85 percent. Over the last 12 months, its price rose by 26.80 percent. Looking ahead, we forecast Parker -Hannifin to be priced at 845.38 by the end of this quarter and at 795.42 in one year, according to Trading Economics global macro models projections and analysts expectations.
Parker-Hannifin Corporation is a manufacturer of motion and control technologies and systems, providing precision engineered solutions for a range of mobile, industrial and aerospace markets. The Company operates through segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial Segment is an aggregation of several business units, which manufacture motion-control and fluid power system components for builders and users of various types of manufacturing, packaging, processing, transportation, agricultural, construction, and military vehicles and equipment. The Diversified Industrial Segment products are marketed primarily through field sales employees and independent distributors. The Aerospace Systems Segment produces hydraulic, fuel, pneumatic and electro-mechanical systems and components, which are utilized on domestic commercial, military and general aviation aircrafts.