Parker-Hannifin (NYSE:PH) Rating Increased to Strong-Buy at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of Parker-Hannifin (NYSE:PH) to a strong-buy rating in a research report released on Tuesday,Zacks.com reports.

Other research analysts have also issued reports about the stock. Wells Fargo & Company cut their target price on shares of Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 26th. Mizuho set a $1,050.00 target price on shares of Parker-Hannifin in a research note on Friday, May 1st. JPMorgan Chase & Co. cut their target price on shares of Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. Evercore set a $1,064.00 target price on shares of Parker-Hannifin in a research note on Monday, May 11th. Finally, Morgan Stanley increased their target price on shares of Parker-Hannifin from $945.00 to $1,038.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Parker-Hannifin presently has an average rating of “Moderate Buy” and an average target price of $1,021.05.

Parker-Hannifin Trading Down 3.2%

PH opened at $876.58 on Tuesday. Parker-Hannifin has a twelve month low of $646.51 and a twelve month high of $1,034.96. The company has a quick ratio of 0.66, a current ratio of 1.13 and a debt-to-equity ratio of 0.46. The company has a fifty day moving average of $907.66 and a 200-day moving average of $917.99. The stock has a market cap of $110.52 billion, a PE ratio of 32.33, a price-to-earnings-growth ratio of 2.63 and a beta of 1.14.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, topping the consensus estimate of $7.84 by $0.33. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. The company had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.40 billion. During the same period in the prior year, the company posted $6.94 earnings per share. Parker-Hannifin’s revenue for the quarter was up 10.6% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. On average, sell-side analysts predict that Parker-Hannifin will post 31.26 EPS for the current year.

Parker-Hannifin Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 8th were paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.9%. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date of this dividend was Friday, May 8th. Parker-Hannifin’s payout ratio is 29.51%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PH. Norges Bank bought a new position in shares of Parker-Hannifin in the fourth quarter valued at $1,756,230,000. Eurizon Capital SGR S.p.A. bought a new position in shares of Parker-Hannifin during the fourth quarter valued at about $185,532,000. Focus Partners Wealth lifted its position in shares of Parker-Hannifin by 1,535.3% during the fourth quarter. Focus Partners Wealth now owns 221,010 shares of the industrial products company’s stock valued at $194,106,000 after purchasing an additional 207,495 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Parker-Hannifin by 119.3% during the first quarter. Assenagon Asset Management S.A. now owns 340,727 shares of the industrial products company’s stock valued at $305,032,000 after purchasing an additional 185,367 shares in the last quarter. Finally, Capital World Investors lifted its position in shares of Parker-Hannifin by 7.0% during the third quarter. Capital World Investors now owns 2,584,141 shares of the industrial products company’s stock valued at $1,959,166,000 after purchasing an additional 169,073 shares in the last quarter. 82.44% of the stock is owned by institutional investors.

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.