JPMorgan Chase & Co. Increases Parker-Hannifin (NYSE:PH) Price Target to $1,083.00

Parker-Hannifin (NYSE:PH) had its target price hoisted by equities researchers at JPMorgan Chase & Co. from $1,050.00 to $1,083.00 in a report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 14.71% from the stock’s current price.

Several other equities research analysts also recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of Parker-Hannifin from $850.00 to $869.00 and gave the company a “hold” rating in a research report on Tuesday, December 16th. The Goldman Sachs Group lifted their target price on Parker-Hannifin from $900.00 to $1,000.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Citigroup restated a “buy” rating on shares of Parker-Hannifin in a research note on Monday, January 12th. Wall Street Zen downgraded Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Sunday, January 11th. Finally, Mizuho lifted their price objective on Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Seventeen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Parker-Hannifin has an average rating of “Moderate Buy” and a consensus target price of $946.17.

Parker-Hannifin Trading Down 0.0%

NYSE PH opened at $944.14 on Friday. Parker-Hannifin has a 12 month low of $488.45 and a 12 month high of $950.00. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.54. The stock’s fifty day moving average price is $877.39 and its 200-day moving average price is $791.40. The stock has a market cap of $119.14 billion, a P/E ratio of 33.64, a P/E/G ratio of 3.28 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. The company 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%. Parker-Hannifin’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm posted $6.20 EPS. 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 analysts forecast that Parker-Hannifin will post 26.71 EPS for the current fiscal year.

Insider Buying and Selling

In other Parker-Hannifin news, COO Andrew D. Ross sold 2,488 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $894.81, for a total transaction of $2,226,287.28. Following the sale, the chief operating officer directly owned 13,120 shares of the company’s stock, valued at $11,739,907.20. This trade represents a 15.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Berend Bracht sold 3,507 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $864.58, for a total value of $3,032,082.06. Following the completion of the transaction, the vice president owned 2,580 shares in the company, valued at $2,230,616.40. The trade was a 57.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 7,432 shares of company stock valued at $6,484,116. 0.32% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PH. Procyon Advisors LLC grew its holdings in Parker-Hannifin by 158,565.9% during the 3rd quarter. Procyon Advisors LLC now owns 5,069,374 shares of the industrial products company’s stock valued at $3,843,346,000 after buying an additional 5,066,179 shares in the last quarter. Norges Bank bought a new position in shares of Parker-Hannifin during the 2nd quarter valued at approximately $1,352,509,000. Canada Pension Plan Investment Board boosted its position in shares of Parker-Hannifin by 115.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 367,904 shares of the industrial products company’s stock valued at $256,970,000 after acquiring an additional 197,317 shares during the last quarter. Capital World Investors grew its holdings in shares of Parker-Hannifin by 7.0% in the third quarter. Capital World Investors now owns 2,584,141 shares of the industrial products company’s stock valued at $1,959,166,000 after purchasing an additional 169,073 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in Parker-Hannifin by 9.1% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,639,582 shares of the industrial products company’s stock worth $1,145,199,000 after purchasing an additional 136,359 shares during the last quarter. Institutional investors own 82.44% of the company’s stock.

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.