Parker-Hannifin Corporation (NYSE:PH) Stock Has Average Target Price of $1,146.35

Shares of Parker-Hannifin Corporation (NYSE:PH) have received a consensus recommendation of “Moderate Buy” from the twenty-three brokerages that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $1,146.35.

PH has been the topic of several research analyst reports. Wall Street Zen raised Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Saturday, October 24th. KeyCorp boosted their price objective on Parker-Hannifin from $1,100.00 to $1,210.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Mizuho set a $1,200.00 price objective on Parker-Hannifin in a report on Thursday, October 15th. BMO Capital Markets restated an “outperform” rating and set a $1,214.00 target price (up from $1,068.00) on shares of Parker-Hannifin in a research report on Friday, August 7th. Finally, Robert W. Baird lifted their target price on shares of Parker-Hannifin from $1,050.00 to $1,275.00 in a report on Friday, August 7th.

Insider Activity at Parker-Hannifin

In other news, VP Berend Bracht sold 602 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $1,040.47, for a total value of $626,362.94. Following the completion of the sale, the vice president directly owned 4,399 shares of the company’s stock, valued at approximately $4,577,027.53. This represents a 12.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.35% of the company’s stock.

Hedge Funds Weigh In On Parker-Hannifin

Several institutional investors have recently added to or reduced their stakes in the stock. GRIMES & Co WEALTH MANAGEMENT LLC increased its position in Parker-Hannifin by 2.7% during the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 524 shares of the industrial products company’s stock worth $500,000 after purchasing an additional 14 shares during the period. Signature Equity Partners LLC raised its stake in shares of Parker-Hannifin by 19.1% during the 3rd quarter. Signature Equity Partners LLC now owns 137 shares of the industrial products company’s stock worth $131,000 after buying an additional 22 shares in the last quarter. XML Financial LLC lifted its holdings in shares of Parker-Hannifin by 32.4% in the 3rd quarter. XML Financial LLC now owns 511 shares of the industrial products company’s stock valued at $488,000 after buying an additional 125 shares during the period. Summit Wealth Group LLC Co. lifted its holdings in shares of Parker-Hannifin by 2.0% in the 3rd quarter. Summit Wealth Group LLC Co. now owns 670 shares of the industrial products company’s stock valued at $640,000 after buying an additional 13 shares during the period. Finally, One Way Holdings LLC lifted its holdings in shares of Parker-Hannifin by 19.0% in the 3rd quarter. One Way Holdings LLC now owns 12,597 shares of the industrial products company’s stock valued at $12,035,000 after buying an additional 2,011 shares during the period. Institutional investors and hedge funds own 82.44% of the company’s stock.

Parker-Hannifin Stock Performance

NYSE PH opened at $930.01 on Friday. The company has a fifty day moving average of $958.23 and a two-hundred day moving average of $949.88. The company has a market capitalization of $117.28 billion, a PE ratio of 32.64, a P/E/G ratio of 2.54 and a beta of 1.12. Parker-Hannifin has a 1 year low of $755.10 and a 1 year high of $1,099.94. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.26 and a quick ratio of 0.74.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, August 6th. The industrial products company reported $9.27 EPS for the quarter, topping analysts’ consensus estimates of $8.31 by $0.96. Parker-Hannifin had a return on equity of 28.48% and a net margin of 16.97%. The business had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.57 billion. During the same quarter in the previous year, the firm earned $7.69 earnings per share. The business’s revenue was up 9.8% compared to the same quarter last year. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. As a group, analysts expect that Parker-Hannifin will post 35.72 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be paid a $2.00 dividend. The ex-dividend date is Friday, November 13th. This represents a $8.00 dividend on an annualized basis and a yield of 0.9%. Parker-Hannifin’s payout ratio is currently 28.08%.

More Parker-Hannifin News

Here are the key news stories impacting Parker-Hannifin this week:

• Positive Sentiment: Bank of America Securities initiated or reiterated a Buy rating on Parker-Hannifin, providing a positive analyst signal and potentially supporting the stock’s recent strength. Parker Hannifin Receives a Buy from Bank of America Securities
• Positive Sentiment: Recent valuation analyses suggest PH may be reasonably valued or undervalued based on cash flow and its record fiscal-year performance. Those views could attract investors seeking exposure to a high-quality industrial company following strong earnings growth. Is Parker Hannifin Stock Reasonably Valued on Cash Flow? Is Parker Hannifin Undervalued Following Its Record Fiscal Year?
• Neutral Sentiment: Parker-Hannifin declared a regular quarterly dividend of $2.00 per share, payable December 4 to shareholders of record November 13. The $8.00 annualized payout represents a yield of approximately 0.9%, reinforcing shareholder returns but offering limited income appeal relative to the stock’s valuation. Parker Declares Quarterly Cash Dividend
• Negative Sentiment: Investors are preparing for next week’s earnings report, with Wall Street expecting earnings growth. However, Zacks says PH lacks the combination of factors that typically supports a likely earnings beat, raising the risk of a disappointing surprise or cautious outlook. Parker-Hannifin Reports Next Week

Parker-Hannifin Company Profile

Parker-Hannifin Corporation is a diversified manufacturer of motion and control technologies and systems. The company serves aerospace, industrial, and other specialized markets with products designed to control the movement and flow of liquids and gases, as well as mechanical motion and power.

Its product portfolio includes hydraulic and pneumatic systems, filtration and process-control equipment, electromechanical technologies, sealing and shielding products, connectors, pumps, valves, and related components.