Parker Hannifin Corp. (PH) Pops 2.83% for December 23

Equities Staff |

One of the S&P 500’s big winners for Wednesday December 23 was Parker Hannifin Corp. (PH) as the company’s stock climbed 2.83% to $99.22 on volume of 852,133 shares.

The stock opened at $97.45 and saw an intraday low of $97.37 and an intraday high of $100.06. All told, the day saw a per-share gain of $2.73. The stock’s average daily volume of 1.5 million and 135.98 million shares outstanding. Parker Hannifin Corp. now has a 50-day SMA is $101.16 and 200-day SMA is $110.07, and it has a 52-week high of $132.08 and a 52-week low of $93.47.

Parker Hannifin Corp is a diversified manufacturer of motion and control technologies and systems, providing precision engineered solutions for mobile, industrial and aerospace markets.

Based out of Cleveland, OH, Parker Hannifin Corp. has 54,750 employees and, after today’s trading, reached a market cap of $13.49 billion. Its P/S ratio is n/a, P/B ratio is 2.78, and P/FCF ratio is 31.2.

For a complete fundamental analysis analysis of Parker Hannifin Corp., check out Equities.com’s Stock Valuation Analysis report for PH. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The S&P 500 represents the industry standard for large-cap indices. While the Dow Jones Industrial Average (DJIA) may be the most visible stock market index in the country, the S&P 500 has long been relied on by industry insiders and fund managers as the more reliable gauge of portfolio performance.

While the DJIA is price-weighted and only includes 30 stocks, the S&P 500 uses a weighting system that factors in market cap and the size of a company’s free float while including some 500 stocks for a more comprehensive look at the broader markets’ performance. Its performance is far more representative of the large- and mega-cap stocks for any period of time.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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