Parker-Hannifin Corporation (NYSE:PH) Receives $946.17 Consensus Price Target from Brokerages

Parker-Hannifin Corporation (NYSE:PH) has been given a consensus rating of “Moderate Buy” by the twenty-one brokerages that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $950.1667.

Several equities research analysts recently commented on PH shares. Wall Street Zen upgraded Parker-Hannifin from a “hold” rating to a “buy” rating in a report on Monday, January 19th. Susquehanna reaffirmed a “positive” rating and set a $1,000.00 price target on shares of Parker-Hannifin in a report on Wednesday, November 12th. BNP Paribas Exane began coverage on shares of Parker-Hannifin in a report on Thursday, December 4th. They set an “outperform” rating and a $1,020.00 price objective for the company. Truist Financial increased their price objective on shares of Parker-Hannifin from $977.00 to $1,097.00 and gave the company a “buy” rating in a research report on Thursday, December 18th. Finally, Wells Fargo & Company lifted their target price on shares of Parker-Hannifin from $925.00 to $1,000.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th.

Parker-Hannifin Price Performance

Shares of PH opened at $927.58 on Friday. Parker-Hannifin has a twelve month low of $488.45 and a twelve month high of $954.30. The company has a market capitalization of $117.05 billion, a P/E ratio of 33.05, a price-to-earnings-growth ratio of 3.23 and a beta of 1.25. The firm has a 50 day moving average of $886.56 and a 200 day moving average of $799.88. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.54.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data on Thursday, November 6th. The industrial products company reported $7.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.62 by $0.60. The business had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $4.94 billion. Parker-Hannifin had a return on equity of 27.23% and a net margin of 18.17%.The firm’s quarterly revenue 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 research analysts anticipate that Parker-Hannifin will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 6th will be given a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, February 6th. Parker-Hannifin’s dividend payout ratio is 25.65%.

Insider Buying and Selling at Parker-Hannifin

In other Parker-Hannifin news, VP Berend Bracht sold 3,507 shares of the firm’s stock in a transaction dated 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 transaction, the vice president directly owned 2,580 shares of the company’s stock, valued at approximately $2,230,616.40. This trade represents a 57.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Rachid Bendali sold 1,437 shares of the company’s stock in a transaction dated 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 sale, the vice president directly owned 2,714 shares of the company’s stock, valued at $2,315,014.86. The trade was a 34.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 7,432 shares of company stock valued at $6,484,116. 0.32% of the stock is owned by company insiders.

Institutional Investors Weigh In On Parker-Hannifin

Several large investors have recently bought and sold shares of PH. Vanguard Group Inc. raised its position in shares of Parker-Hannifin by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 11,125,240 shares of the industrial products company’s stock valued at $7,770,646,000 after buying an additional 101,476 shares in the last quarter. Procyon Advisors LLC raised its position in Parker-Hannifin by 158,565.9% during the third quarter. Procyon Advisors LLC now owns 5,069,374 shares of the industrial products company’s stock valued at $3,843,346,000 after purchasing an additional 5,066,179 shares during the period. Bank of America Corp DE lifted its stake in shares of Parker-Hannifin by 0.6% in the 3rd quarter. Bank of America Corp DE now owns 3,904,591 shares of the industrial products company’s stock valued at $2,960,266,000 after purchasing an additional 22,706 shares during the last quarter. Capital World Investors boosted its holdings in shares of Parker-Hannifin by 7.0% in the 3rd quarter. Capital World Investors now owns 2,584,141 shares of the industrial products company’s stock worth $1,959,166,000 after purchasing an additional 169,073 shares during the period. Finally, Invesco Ltd. increased its position in shares of Parker-Hannifin by 1.8% during the 2nd quarter. Invesco Ltd. now owns 2,345,922 shares of the industrial products company’s stock valued at $1,638,556,000 after purchasing an additional 41,221 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.