Parker-Hannifin (PH) Is Up 1.03% in One Week: What You Should Know

Company Overview - Parker-Hannifin currently holds a Momentum Style Score of A, indicating strong potential for momentum investing [1] - The company has a Zacks Rank of 2 (Buy), which is part of a stock rating system known for its outperformance [2] Price Performance - Over the past week, Parker-Hannifin shares increased by 1.03%, outperforming the Zacks Manufacturing - General Industrial industry, which rose by 0.84% [3] - The monthly price change for Parker-Hannifin is 4.67%, compared to the industry's performance of 3.52% [3] - In the last quarter, shares of Parker-Hannifin have risen by 20.45%, and over the past year, they are up 68.21%, while the S&P 500 has only moved 3.41% and 35.3%, respectively [3] Trading Volume - The average 20-day trading volume for Parker-Hannifin is 530,389 shares, which serves as a bullish indicator when combined with rising stock prices [3] Earnings Outlook - In the past two months, five earnings estimates for Parker-Hannifin have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from $26.57 to $26.68 [4] - For the next fiscal year, three estimates have also moved upwards with no downward revisions [4] Conclusion - Given the strong price performance, positive earnings outlook, and high Momentum Style Score, Parker-Hannifin is positioned as a solid momentum pick for investors [4]