Company Update (NYSE:PH): Parker Names Mark J. Hart as Executive Vice President, Human Resources and External Affairs, Daniel S. Serbin to Retire After 35 Years of Service

[GlobeNewswire] – Cleveland, Dec. 15, 2015– Parker Hannifin Corporation, the global leader in motion and control technologies, today announced that Mark J. Hart has been named Executive Vice President, Human Resources … Read more on this. Parker-Hannifin Corporation (PH) , valued at $13.01B, started the session at $94.88. During today’s session, PH traded between $93.55 to $95.79 with its 52-week range being $93.47 to $132.08. Parker Hannifin (PH) shares are currently priced at 15.63x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 19.67x earnings multiple for the same period. The company pays shareholders $2.52 per share annually in dividends, yielding 2.64%. Consensus earnings for the current quarter by the 17 sell-side analysts covering the stock is an estimate of $1.19 per share, which would be $0.65 worse than the year-ago quarter and a $0.33 sequential decrease. The full-year EPS estimate is $6.11, which would be a $1.14 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.69 Billion. If realized, that would be a 14.06% decrease over the year-ago quarter. In terms of ratings, Stifel downgraded PH from Buy to Hold (Apr 29, 2015). Previously, Robert W. Baird downgraded PH from Outperform to Neutral. The average price target for PH shares is $103.73, which is 9.33% above where the stock opened this morning. See more in (NYSE:PH) Similar Articles: Stock Update: Parker-Hannifin Corporation (NYSE:PH) – Parker Announces Acquisition of President Engineering Group to Strengthen LNG, Industrial Gas and Mining Capabilities Company Update: Parker-Hannifin Corporation (NYSE:PH) – Parker Hannifin Unveils New Win Strategy at New York Investor Meeting Market Update: Parker-Hannifin Corporation (NYSE:PH) – Parker to Present at Gabelli Aircraft Supplier Conference September 9 at 11:30 a.m. Eastern