UBS maintains a 'Neutral' on Parker-Hannifin (PH); Raising Numbers Following Q3 Report
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Price: $1,001.74 +0.16%
Rating Summary:
26 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
26 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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UBS maintains a 'Neutral' on Parker-Hannifin (NYSE: PH), PT increased from $93 to $100.
UBS analyst says, "Sales rose 24% YoY, including a 2% tailwind from f/x and a 1% contribution from acquisitions, to $3.2B, ahead of our $3.0B estimate. While all segments came in ahead of our expectations, the most significant revenue beat against our model was Industrial Int’l (12% ahead of our estimate). Segment operating income increased 56% YoY to $481M, as segment op. margins improved 300 bps YoY to 14.8% (UBSe: 15.1%), although we note investors were frustrated with margins/margin guidance and the shares traded down 5% today...Reflecting 3Q results and better than expected end market demand, we are raising our FY11E, FY12E and FY13E EPS to $6.30, $7.25 and $8.15, from $6.10, $6.70 and $7.50, respectively."
For more ratings news on Parker-Hannifin click here and for the rating history of Parker-Hannifin click here.
Shares of Parker-Hannifin closed at $93.48 yesterday.
UBS analyst says, "Sales rose 24% YoY, including a 2% tailwind from f/x and a 1% contribution from acquisitions, to $3.2B, ahead of our $3.0B estimate. While all segments came in ahead of our expectations, the most significant revenue beat against our model was Industrial Int’l (12% ahead of our estimate). Segment operating income increased 56% YoY to $481M, as segment op. margins improved 300 bps YoY to 14.8% (UBSe: 15.1%), although we note investors were frustrated with margins/margin guidance and the shares traded down 5% today...Reflecting 3Q results and better than expected end market demand, we are raising our FY11E, FY12E and FY13E EPS to $6.30, $7.25 and $8.15, from $6.10, $6.70 and $7.50, respectively."
For more ratings news on Parker-Hannifin click here and for the rating history of Parker-Hannifin click here.
Shares of Parker-Hannifin closed at $93.48 yesterday.
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