Parker-Hannifin (NYSE:PH) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of Parker-Hannifin (NYSE:PH) from a buy rating to a hold rating in a research note published on Tuesday.

A number of other research analysts have also weighed in on PH. JPMorgan Chase & Co. lifted their price objective on shares of Parker-Hannifin from $1,050.00 to $1,083.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Argus reiterated a “buy” rating and set a $900.00 price objective on shares of Parker-Hannifin in a research note on Monday, November 10th. Robert W. Baird raised their target price on Parker-Hannifin from $930.00 to $960.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 12th. KeyCorp lifted their target price on Parker-Hannifin from $935.00 to $1,050.00 and gave the company an “overweight” rating in a report on Tuesday, January 6th. Finally, BNP Paribas Exane began coverage on shares of Parker-Hannifin in a report on Thursday, December 4th. They issued an “outperform” rating and a $1,020.00 price target on the stock. Seventeen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $950.17.

Parker-Hannifin Trading Down 0.7%

Shares of PH opened at $926.38 on Tuesday. Parker-Hannifin has a fifty-two week low of $488.45 and a fifty-two week high of $954.30. The business has a 50-day moving average of $890.98 and a 200 day moving average of $802.92. The firm has a market cap of $116.90 billion, a P/E ratio of 33.00, a price-to-earnings-growth ratio of 3.24 and a beta of 1.25. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.61 and a current ratio of 1.07.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data on Thursday, November 6th. The industrial products company reported $7.22 EPS for the quarter, beating the consensus estimate of $6.62 by $0.60. The business had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.94 billion. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.20 earnings per share. 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. As a group, research analysts forecast that Parker-Hannifin will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 6th will be paid a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, February 6th. Parker-Hannifin’s dividend payout ratio (DPR) is currently 25.65%.

Insiders Place Their Bets

In other Parker-Hannifin news, COO Andrew D. Ross sold 2,488 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $894.81, for a total value of $2,226,287.28. Following the completion of the transaction, the chief operating officer owned 13,120 shares of the company’s stock, valued at $11,739,907.20. The trade was a 15.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $3,032,082.06. Following the sale, the vice president owned 2,580 shares in the company, valued at approximately $2,230,616.40. This trade represents a 57.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 7,432 shares of company stock valued at $6,484,116 in the last quarter. Corporate insiders own 0.32% of the company’s stock.

Hedge Funds Weigh In On Parker-Hannifin

A number of large investors have recently modified their holdings of PH. Texas Capital Bancshares Inc TX purchased a new stake in Parker-Hannifin in the third quarter worth approximately $25,000. Chilton Capital Management LLC bought a new stake in shares of Parker-Hannifin in the 3rd quarter worth approximately $29,000. Ameriflex Group Inc. boosted its stake in shares of Parker-Hannifin by 366.7% in the 3rd quarter. Ameriflex Group Inc. now owns 42 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 33 shares in the last quarter. Avion Wealth grew its holdings in shares of Parker-Hannifin by 35.5% during the 4th quarter. Avion Wealth now owns 42 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 11 shares during the last quarter. Finally, Interchange Capital Partners LLC purchased a new position in Parker-Hannifin in the 2nd quarter worth $31,000. 82.44% of the stock is owned by hedge funds and other 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.