Parker-Hannifin (NYSE:PH) Research Coverage Started at JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of Parker-Hannifin (NYSE:PH) in a research note released on Tuesday morning, Marketbeat.com reports. The brokerage issued an overweight rating and a $1,050.00 target price on the industrial products company’s stock.

Other equities research analysts have also recently issued reports about the company. Truist Financial increased their target price on Parker-Hannifin from $977.00 to $1,097.00 and gave the company a “buy” rating in a report on Thursday, December 18th. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a research note on Wednesday, October 8th. Robert W. Baird raised their target price on shares of Parker-Hannifin from $930.00 to $960.00 and gave the stock an “outperform” rating in a report on Wednesday, November 12th. Wall Street Zen upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a report on Saturday, January 3rd. Finally, Argus reissued a “buy” rating and issued a $900.00 price target on shares of Parker-Hannifin in a report on Monday, November 10th. Sixteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $932.11.

Parker-Hannifin Stock Performance

NYSE PH opened at $906.72 on Tuesday. 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 company has a fifty day moving average of $860.47 and a 200-day moving average of $780.34. Parker-Hannifin has a 52-week low of $488.45 and a 52-week high of $933.33. The company has a market capitalization of $114.42 billion, a P/E ratio of 32.30, a P/E/G ratio of 3.16 and a beta of 1.25.

Parker-Hannifin (NYSE:PH) last announced 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. Parker-Hannifin had a return on equity of 27.23% and a net margin of 18.17%.The firm had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.94 billion. During the same period in the prior year, the company earned $6.20 EPS. The company’s revenue was up 3.7% on a year-over-year basis. 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, equities research analysts predict that Parker-Hannifin will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 7th were given a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, November 7th. Parker-Hannifin’s payout ratio is presently 25.65%.

Insider Transactions at Parker-Hannifin

In other Parker-Hannifin news, VP Rachid Bendali sold 1,437 shares of the firm’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 completion of the transaction, the vice president owned 2,714 shares of the company’s stock, valued at approximately $2,315,014.86. This trade represents a 34.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Berend Bracht sold 3,507 shares of the business’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 disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 7,432 shares of company stock valued at $6,484,116. Corporate insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On Parker-Hannifin

Several hedge funds have recently bought and sold shares of PH. Texas Capital Bancshares Inc TX purchased a new position in shares of Parker-Hannifin during the third quarter valued at approximately $25,000. Chilton Capital Management LLC bought a new position in Parker-Hannifin during the 3rd quarter valued at approximately $29,000. Interchange Capital Partners LLC purchased a new position in Parker-Hannifin during the second quarter valued at $31,000. Ameriflex Group Inc. boosted its holdings in Parker-Hannifin by 366.7% in the third quarter. Ameriflex Group Inc. now owns 42 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 33 shares in the last quarter. Finally, Morse Asset Management Inc grew its stake in shares of Parker-Hannifin by 164.7% in the third quarter. Morse Asset Management Inc now owns 45 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 28 shares during the last quarter. 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.