Parker-Hannifin (NYSE:PH) Stock Dropped to Hold by Wall Street Zen

Wall Street Zen cut shares of Parker-Hannifin (NYSE:PH) from a buy rating to a hold rating in a research note issued to investors on Saturday,Wall Street Zen reports.

Several other research firms have also recently weighed in on PH. Jefferies Financial Group increased their price target on shares of Parker-Hannifin from $1,100.00 to $1,275.00 in a research note on Friday, August 7th. Stifel Nicolaus set a $1,002.00 price target on shares of Parker-Hannifin in a report on Monday, October 19th. TD Cowen upped their price objective on Parker-Hannifin from $850.00 to $950.00 and gave the company a “hold” rating in a report on Wednesday, October 14th. Sanford C. Bernstein increased their price objective on Parker-Hannifin from $1,037.00 to $1,218.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Finally, Argus increased their price objective on Parker-Hannifin from $1,030.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Eighteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,146.35.

Parker-Hannifin Stock Up 2.6%

NYSE PH opened at $915.21 on Friday. Parker-Hannifin has a 52 week low of $806.22 and a 52 week high of $1,099.94. The company has a quick ratio of 0.74, a current ratio of 0.94 and a debt-to-equity ratio of 0.79. The business’s fifty day simple moving average is $946.34 and its 200-day simple moving average is $949.24. The firm has a market cap of $115.42 billion, a PE ratio of 31.43, a P/E/G ratio of 2.56 and a beta of 1.15.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, November 5th. The industrial products company reported $8.90 earnings per share for the quarter, beating the consensus estimate of $8.21 by $0.69. Parker-Hannifin had a net margin of 16.62% and a return on equity of 28.80%. The firm had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.81 billion. During the same quarter in the previous year, the company posted $7.22 EPS. The company’s revenue was up 17.9% compared to the same quarter last year. Parker-Hannifin has set its FY 2027 guidance at 36.450-37.250 EPS. As a group, equities analysts anticipate that Parker-Hannifin will post 37.06 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 13th will be paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, November 13th. Parker-Hannifin’s dividend payout ratio is presently 27.47%.

Insider Buying and Selling at Parker-Hannifin

In other news, VP Berend Bracht sold 602 shares of the company’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $1,040.47, for a total transaction of $626,362.94. Following the sale, the vice president owned 4,399 shares of the company’s stock, valued at approximately $4,577,027.53. This represents a 12.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.35% of the company’s stock.

Hedge Funds Weigh In On Parker-Hannifin

A number of institutional investors and hedge funds have recently made changes to their positions in PH. Proficio Capital Partners LLC increased its stake in Parker-Hannifin by 234.0% in the second quarter. Proficio Capital Partners LLC now owns 1,954 shares of the industrial products company’s stock valued at $1,911,000 after purchasing an additional 1,369 shares during the last quarter. BNP Paribas raised its holdings in Parker-Hannifin by 4.1% during the second quarter. BNP Paribas now owns 54,208 shares of the industrial products company’s stock worth $52,717,000 after purchasing an additional 2,121 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of Parker-Hannifin by 86.1% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 3,503 shares of the industrial products company’s stock worth $3,426,000 after buying an additional 1,621 shares during the last quarter. National Pension Service lifted its position in shares of Parker-Hannifin by 3.0% during the 2nd quarter. National Pension Service now owns 367,138 shares of the industrial products company’s stock worth $359,105,000 after buying an additional 10,590 shares during the last quarter. Finally, Rakuten Investment Management Inc. acquired a new position in shares of Parker-Hannifin in the 2nd quarter valued at $19,883,000. 82.44% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Parker-Hannifin

Here are the key news stories impacting Parker-Hannifin this week:

• Positive Sentiment: Results and outlook topped expectations. Fiscal Q1 sales rose 18% to a record $6.0 billion, with organic growth of 11.5%. Adjusted EPS of $8.90 beat the $8.21 consensus estimate. PH raised FY2027 adjusted EPS guidance to $36.45–$37.25, above analyst estimates, and forecast revenue of $24.9–$25.6 billion, also ahead of consensus. Company earnings release
• Positive Sentiment: Broad demand and operating performance strengthened the growth case. Management cited increased demand across market verticals and record backlog levels. Adjusted segment operating margin expanded to 28.6%, up 120 basis points year over year; the company also raised its outlook for organic sales growth, margins and free cash flow. Zacks earnings analysis
• Neutral Sentiment: Truist lowered its price target but maintained a Buy rating. The firm cut its target to $1,237 from $1,358, a less bullish valuation view that nonetheless remains consistent with a positive recommendation. Truist price-target update
• Neutral Sentiment: PH is scheduled to present at the Robert W. Baird Global Industrial Conference on November 10. The announcement did not provide new financial details. Conference announcement

Parker-Hannifin Company Profile

Parker-Hannifin is a global manufacturer of motion and control technologies. Its products include hydraulic and pneumatic systems, fluid connectors, filtration and sealing products, electromechanical components, and systems for aerospace and climate control applications.

The company serves customers across industries such as aerospace, manufacturing, transportation, energy, and life sciences. Its operations span markets around the world, with businesses organized around industrial and aerospace products and services.

Founded in 1917 by Arthur L.