Parker-Hannifin’s (PH) “Buy” Rating Reiterated at Argus

Argus restated their buy rating on shares of Parker-Hannifin (NYSE:PH) in a report released on Monday,Benzinga reports. They currently have a $900.00 price objective on the industrial products company’s stock.

Several other research analysts also recently commented on PH. Susquehanna lifted their price target on Parker-Hannifin from $860.00 to $960.00 and gave the stock a “positive” rating in a research report on Friday, November 7th. Raymond James Financial raised their price objective on shares of Parker-Hannifin from $735.00 to $845.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price target on the stock. in a research report on Thursday, September 4th. Finally, KeyCorp upped their price objective on shares of Parker-Hannifin from $825.00 to $935.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Fourteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $860.71.

Parker-Hannifin Stock Performance

Shares of PH opened at $853.61 on Monday. The company has a market capitalization of $108.02 billion, a PE ratio of 31.48, a price-to-earnings-growth ratio of 3.21 and a beta of 1.37. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71. Parker-Hannifin has a one year low of $488.45 and a one year high of $869.36. The company’s fifty day moving average price is $764.38 and its 200 day moving average price is $718.91.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.62 by $0.60. The company had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.94 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The firm’s revenue was up 3.7% compared to the same quarter last year. During the same period last year, the business posted $6.20 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS. FY 2026 guidance at 29.600-30.400 EPS. As a group, analysts expect that Parker-Hannifin will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 7th will be issued a $1.80 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.8%. Parker-Hannifin’s dividend payout ratio is presently 25.65%.

Insider Buying and Selling

In related news, EVP Joseph R. Leonti sold 4,625 shares of the business’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $750.84, for a total value of $3,472,635.00. Following the sale, the executive vice president owned 13,878 shares of the company’s stock, valued at $10,420,157.52. The trade was a 25.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.32% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Parker-Hannifin

Several large investors have recently made changes to their positions in the company. Brighton Jones LLC grew its stake in Parker-Hannifin by 5.9% during the fourth quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company’s stock worth $1,150,000 after buying an additional 101 shares during the last quarter. Bison Wealth LLC boosted its holdings in shares of Parker-Hannifin by 4.5% in the 4th quarter. Bison Wealth LLC now owns 749 shares of the industrial products company’s stock worth $476,000 after acquiring an additional 32 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Parker-Hannifin by 6.9% in the 1st quarter. Allworth Financial LP now owns 514 shares of the industrial products company’s stock worth $307,000 after acquiring an additional 33 shares in the last quarter. Diversify Wealth Management LLC bought a new stake in Parker-Hannifin during the 1st quarter worth approximately $215,000. Finally, Ballentine Partners LLC increased its holdings in Parker-Hannifin by 4.4% during the 1st quarter. Ballentine Partners LLC now owns 1,657 shares of the industrial products company’s stock valued at $1,007,000 after purchasing an additional 70 shares in the last quarter. Institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Company Profile

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.