Parker-Hannifin Corporation (NYSE:PH) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Parker-Hannifin Corporation (NYSE:PH) have received an average recommendation of “Moderate Buy” from the twenty analysts that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $911.6471.

Several equities research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. BNP Paribas began coverage on Parker-Hannifin in a research note on Thursday, December 4th. They issued an “outperform” rating and a $1,020.00 price objective on the stock. Robert W. Baird raised their price objective on Parker-Hannifin from $930.00 to $960.00 and gave the company an “outperform” rating in a research report on Wednesday, November 12th. Argus reissued a “buy” rating and set a $900.00 target price on shares of Parker-Hannifin in a report on Monday, November 10th. Finally, Barclays increased their price target on Parker-Hannifin from $906.00 to $950.00 and gave the company an “overweight” rating in a research note on Thursday, December 4th.

Insider Transactions at Parker-Hannifin

In other Parker-Hannifin news, VP Rachid Bendali sold 1,437 shares of the stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $852.99, for a total value of $1,225,746.63. Following the transaction, the vice president directly owned 2,714 shares of the company’s stock, valued at $2,315,014.86. This represents a 34.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Berend Bracht sold 3,507 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $864.58, for a total value of $3,032,082.06. Following the sale, the vice president owned 2,580 shares of the company’s stock, valued at approximately $2,230,616.40. This represents a 57.61% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 7,432 shares of company stock worth $6,484,116. 0.32% of the stock is owned by insiders.

Institutional Trading of Parker-Hannifin

Several hedge funds have recently added to or reduced their stakes in PH. Texas Capital Bancshares Inc TX acquired a new position in Parker-Hannifin in the third quarter valued at $25,000. Chilton Capital Management LLC bought a new position in shares of Parker-Hannifin in the 3rd quarter worth about $29,000. Ameriflex Group Inc. raised its position 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 worth $32,000 after acquiring an additional 33 shares in the last quarter. Interchange Capital Partners LLC acquired a new position in shares of Parker-Hannifin in the 2nd quarter valued at about $31,000. Finally, Morse Asset Management Inc boosted its position in shares of Parker-Hannifin by 164.7% during the 3rd quarter. Morse Asset Management Inc now owns 45 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 28 shares in the last quarter. 82.44% of the stock is owned by institutional investors and hedge funds.

Parker-Hannifin Price Performance

NYSE:PH opened at $888.69 on Monday. The stock has a market capitalization of $112.14 billion, a PE ratio of 31.66, a P/E/G ratio of 3.09 and a beta of 1.25. Parker-Hannifin has a 1-year low of $488.45 and a 1-year high of $908.35. The firm has a fifty day simple moving average of $836.17 and a 200 day simple moving average of $766.73. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.54.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.62 by $0.60. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. 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 firm posted $6.20 earnings per share. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. 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, research analysts expect that Parker-Hannifin will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

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

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.