Parker-Hannifin Corporation (NYSE:PH) Receives $1,027.38 Consensus Price Target from Brokerages

Shares of Parker-Hannifin Corporation (NYSE:PH) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-two analysts that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $1,027.3810.

Several equities analysts have issued reports on PH shares. BMO Capital Markets assumed coverage on Parker-Hannifin in a research note on Friday, March 27th. They issued an “outperform” rating and a $1,090.00 target price on the stock. Citigroup reissued a “buy” rating on shares of Parker-Hannifin in a research report on Monday, June 8th. Evercore set a $1,064.00 price target on shares of Parker-Hannifin in a report on Monday, May 11th. Truist Financial lifted their price objective on shares of Parker-Hannifin from $1,147.00 to $1,269.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating for the company in a research report on Thursday, May 7th.

Hedge Funds Weigh In On Parker-Hannifin

A number of large investors have recently made changes to their positions in PH. Vanguard Group Inc. grew its stake in Parker-Hannifin by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 11,142,535 shares of the industrial products company’s stock worth $9,793,843,000 after buying an additional 33,606 shares during the last quarter. Bank of America Corp DE raised its stake in Parker-Hannifin by 0.6% in the fourth quarter. Bank of America Corp DE now owns 3,926,896 shares of the industrial products company’s stock valued at $3,451,584,000 after buying an additional 22,305 shares during the last quarter. Capital World Investors raised its stake in Parker-Hannifin by 0.6% in the fourth quarter. Capital World Investors now owns 2,600,844 shares of the industrial products company’s stock valued at $2,286,038,000 after buying an additional 16,703 shares during the last quarter. Morgan Stanley boosted its holdings in Parker-Hannifin by 1.1% in the fourth quarter. Morgan Stanley now owns 2,133,044 shares of the industrial products company’s stock worth $1,874,862,000 after acquiring an additional 22,367 shares in the last quarter. Finally, Norges Bank acquired a new stake in Parker-Hannifin in the fourth quarter worth about $1,756,230,000. 82.44% of the stock is owned by institutional investors and hedge funds.

Parker-Hannifin Stock Up 1.5%

Shares of NYSE PH opened at $985.29 on Friday. Parker-Hannifin has a 12-month low of $692.02 and a 12-month high of $1,034.96. The stock’s fifty day simple moving average is $919.76 and its two-hundred day simple moving average is $935.64. The stock has a market capitalization of $124.23 billion, a PE ratio of 36.34, a price-to-earnings-growth ratio of 2.59 and a beta of 1.11. The company has a current ratio of 1.13, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 EPS for the quarter, topping the consensus estimate of $7.84 by $0.33. The firm had revenue of $5.49 billion during the quarter, compared to analyst estimates of $5.40 billion. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company posted $6.94 EPS. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. As a group, analysts expect that Parker-Hannifin will post 31.26 EPS for the current fiscal year.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation (NYSE: PH) is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.

Parker-Hannifin’s product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.