Analysts Set Parker-Hannifin Corporation (NYSE:PH) PT at $860.71

Parker-Hannifin Corporation (NYSE:PH) has earned an average rating of “Moderate Buy” from the nineteen research firms that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $875.6471.

A number of equities analysts recently weighed in on the stock. Citigroup upped their target price on shares of Parker-Hannifin from $831.00 to $874.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Deutsche Bank Aktiengesellschaft downgraded shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price objective for the company. in a report on Thursday, September 4th. Susquehanna restated a “positive” rating and set a $1,000.00 price target on shares of Parker-Hannifin in a report on Wednesday, November 12th. Wall Street Zen downgraded Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Finally, KeyCorp boosted their price target on shares of Parker-Hannifin from $825.00 to $935.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th.

Insider Buying and Selling

In other Parker-Hannifin news, VP Berend Bracht sold 3,507 shares of Parker-Hannifin 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 completion of the transaction, the vice president directly owned 2,580 shares of the company’s stock, valued at $2,230,616.40. The trade was a 57.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Rachid Bendali sold 1,437 shares of the stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $852.99, for a total transaction of $1,225,746.63. Following the completion of the sale, the vice president directly owned 2,714 shares in the company, valued at approximately $2,315,014.86. This represents a 34.62% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.32% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PH. Swiss Life Asset Management Ltd grew its stake in Parker-Hannifin by 14.3% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 36,990 shares of the industrial products company’s stock worth $28,044,000 after acquiring an additional 4,631 shares in the last quarter. Groupama Asset Managment boosted its holdings in shares of Parker-Hannifin by 9.8% in the third quarter. Groupama Asset Managment now owns 166,089 shares of the industrial products company’s stock valued at $125,920,000 after purchasing an additional 14,836 shares during the period. CIBC Bancorp USA Inc. bought a new position in Parker-Hannifin in the third quarter worth approximately $13,365,000. Achmea Investment Management B.V. increased its holdings in Parker-Hannifin by 79.3% during the 3rd quarter. Achmea Investment Management B.V. now owns 28,731 shares of the industrial products company’s stock worth $21,782,000 after purchasing an additional 12,707 shares during the period. Finally, Oarsman Capital Inc. raised its position in Parker-Hannifin by 4.4% during the 3rd quarter. Oarsman Capital Inc. now owns 3,969 shares of the industrial products company’s stock valued at $3,009,000 after purchasing an additional 166 shares in the last quarter. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Trading Up 0.7%

Shares of PH stock opened at $880.17 on Thursday. 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 has a fifty day simple moving average of $795.38 and a two-hundred day simple moving average of $743.34. The firm has a market capitalization of $111.07 billion, a PE ratio of 31.36, a PEG ratio of 3.06 and a beta of 1.25. Parker-Hannifin has a 52-week low of $488.45 and a 52-week high of $882.00.

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

Parker-Hannifin Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 7th were given a $1.80 dividend. The ex-dividend date was Friday, November 7th. This represents a $7.20 annualized dividend and a yield of 0.8%. Parker-Hannifin’s dividend payout ratio (DPR) is currently 25.65%.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.