Wells Fargo & Company Issues Positive Forecast for Parker-Hannifin (NYSE:PH) Stock Price

Parker-Hannifin (NYSE:PH) had its price objective upped by stock analysts at Wells Fargo & Company from $800.00 to $840.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 10.63% from the stock’s current price.

A number of other research firms have also recently issued reports on PH. KeyCorp boosted their price objective on shares of Parker-Hannifin from $790.00 to $810.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Cowen reiterated a “hold” rating on shares of Parker-Hannifin in a research note on Friday, August 29th. Stifel Nicolaus raised their price target on Parker-Hannifin from $717.00 to $726.00 and gave the company a “hold” rating in a report on Friday, August 8th. Wall Street Zen upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. Finally, Susquehanna began coverage on shares of Parker-Hannifin in a report on Friday, August 15th. They set a “positive” rating and a $860.00 target price for the company. Fourteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Parker-Hannifin currently has an average rating of “Moderate Buy” and a consensus target price of $773.67.

Parker-Hannifin Trading Down 0.5%

Shares of PH stock traded down $3.95 during trading hours on Monday, hitting $759.29. 25,158 shares of the company were exchanged, compared to its average volume of 717,579. The firm has a market cap of $96.08 billion, a P/E ratio of 28.04, a P/E/G ratio of 3.16 and a beta of 1.35. The company has a 50 day simple moving average of $747.47 and a two-hundred day simple moving average of $682.10. Parker-Hannifin has a fifty-two week low of $488.45 and a fifty-two week high of $779.77. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, beating the consensus estimate of $7.08 by $0.61. The business had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The business’s revenue was up 1.1% on a year-over-year basis. During the same period last year, the business earned $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Equities analysts anticipate that Parker-Hannifin will post 26.71 EPS for the current year.

Insider Transactions at Parker-Hannifin

In other Parker-Hannifin news, VP Angela R. Ives sold 810 shares of the firm’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $727.36, for a total transaction of $589,161.60. Following the transaction, the vice president owned 2,798 shares of the company’s stock, valued at approximately $2,035,153.28. This trade represents a 22.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Robert W. Malone sold 2,257 shares of Parker-Hannifin stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $730.66, for a total transaction of $1,649,099.62. Following the completion of the transaction, the vice president owned 5,866 shares in the company, valued at approximately $4,286,051.56. This trade represents a 27.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,039 shares of company stock valued at $10,356,566 over the last ninety days. 0.32% of the stock is currently owned by corporate insiders.

Institutional Trading of Parker-Hannifin

A number of institutional investors have recently added to or reduced their stakes in the business. Jackson Wealth Management LLC boosted its holdings in Parker-Hannifin by 1.5% during the third quarter. Jackson Wealth Management LLC now owns 4,550 shares of the industrial products company’s stock valued at $3,450,000 after purchasing an additional 68 shares in the last quarter. Aaron Wealth Advisors LLC lifted its stake in shares of Parker-Hannifin by 11.9% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 480 shares of the industrial products company’s stock valued at $364,000 after purchasing an additional 51 shares during the period. GAMMA Investing LLC boosted its stake in Parker-Hannifin by 7.0% during the 3rd quarter. GAMMA Investing LLC now owns 3,159 shares of the industrial products company’s stock worth $2,395,000 after acquiring an additional 207 shares during the last quarter. Caldwell Trust Co bought a new stake in shares of Parker-Hannifin in the second quarter worth about $2,595,000. Finally, Valeo Financial Advisors LLC increased its stake in Parker-Hannifin by 0.8% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,833 shares of the industrial products company’s stock worth $1,280,000 after purchasing an additional 15 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors and hedge funds.

About Parker-Hannifin

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.