Parker-Hannifin (NYSE:PH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Parker-Hannifin (NYSE:PH) from a hold rating to a buy rating in a report issued on Monday morning.

Several other research firms have also weighed in on PH. Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a report on Wednesday, October 8th. Truist Financial lifted their price target on shares of Parker-Hannifin from $977.00 to $1,097.00 and gave the company a “buy” rating in a research report on Thursday, December 18th. Susquehanna reiterated a “positive” rating and issued a $1,000.00 price objective on shares of Parker-Hannifin in a report on Wednesday, November 12th. Stifel Nicolaus raised their target price on Parker-Hannifin from $850.00 to $869.00 and gave the stock a “hold” rating in a research note on Tuesday, December 16th. Finally, The Goldman Sachs Group upped their price target on Parker-Hannifin from $900.00 to $1,000.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Seventeen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $946.17.

Parker-Hannifin Stock Performance

NYSE PH opened at $944.81 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.61 and a current ratio of 1.07. The stock’s fifty day moving average is $882.69 and its two-hundred day moving average is $796.07. The firm has a market capitalization of $119.22 billion, a P/E ratio of 33.66, a price-to-earnings-growth ratio of 3.23 and a beta of 1.25. Parker-Hannifin has a fifty-two week low of $488.45 and a fifty-two week high of $952.76.

Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.62 by $0.60. The business had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.94 billion. Parker-Hannifin had a return on equity of 27.23% and a net margin of 18.17%.The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the company earned $6.20 EPS. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS and its FY 2026 guidance at 29.600-30.400 EPS. On average, research analysts anticipate that Parker-Hannifin will post 26.71 earnings per share for the current year.

Insider Buying and Selling

In other Parker-Hannifin news, VP Rachid Bendali sold 1,437 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $852.99, for a total transaction of $1,225,746.63. Following the sale, the vice president directly owned 2,714 shares in the company, valued at approximately $2,315,014.86. The trade was a 34.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Berend Bracht sold 3,507 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $864.58, for a total value of $3,032,082.06. Following the completion of the transaction, the vice president owned 2,580 shares of the company’s stock, valued at approximately $2,230,616.40. This represents a 57.61% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 7,432 shares of company stock valued at $6,484,116. 0.32% of the stock is owned by insiders.

Institutional Trading of Parker-Hannifin

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Baker Ellis Asset Management LLC lifted its holdings in Parker-Hannifin by 8.6% in the 4th quarter. Baker Ellis Asset Management LLC now owns 302 shares of the industrial products company’s stock valued at $265,000 after purchasing an additional 24 shares in the last quarter. Hartford Financial Management Inc. raised its position in shares of Parker-Hannifin by 4.4% in the fourth quarter. Hartford Financial Management Inc. now owns 1,587 shares of the industrial products company’s stock valued at $1,395,000 after buying an additional 67 shares during the last quarter. Prime Capital Investment Advisors LLC raised its position in shares of Parker-Hannifin by 5.8% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 1,937 shares of the industrial products company’s stock valued at $1,703,000 after buying an additional 106 shares during the last quarter. Townsend Asset Management Corp NC ADV lifted its stake in shares of Parker-Hannifin by 2.7% during the fourth quarter. Townsend Asset Management Corp NC ADV now owns 7,403 shares of the industrial products company’s stock valued at $6,507,000 after buying an additional 195 shares during the period. Finally, BIP Wealth LLC acquired a new stake in Parker-Hannifin during the fourth quarter worth approximately $476,000. Hedge funds and other institutional investors own 82.44% of the company’s stock.

About Parker-Hannifin

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.