Wall Street Zen Downgrades Parker-Hannifin (NYSE:PH) to Hold

Parker-Hannifin (NYSE:PH) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

Other equities research analysts also recently issued research reports about the company. Mizuho boosted their price objective on Parker-Hannifin from $800.00 to $825.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Morgan Stanley reaffirmed a “positive” rating on shares of Parker-Hannifin in a research note on Wednesday, January 14th. Stifel Nicolaus boosted their target price on shares of Parker-Hannifin from $869.00 to $941.00 and gave the stock a “hold” rating in a research report on Friday. Citigroup reaffirmed a “buy” rating on shares of Parker-Hannifin in a research report on Monday, January 12th. Finally, Wells Fargo & Company boosted their price objective on Parker-Hannifin from $925.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Wednesday, January 7th. Seventeen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $950.17.

Parker-Hannifin Trading Up 0.6%

NYSE:PH opened at $933.46 on Tuesday. Parker-Hannifin has a 12 month low of $488.45 and a 12 month high of $954.30. 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 has a market capitalization of $117.79 billion, a price-to-earnings ratio of 33.25, a PEG ratio of 3.23 and a beta of 1.25. The firm has a fifty day simple moving average of $888.79 and a two-hundred day simple moving average of $801.43.

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, topping analysts’ consensus estimates of $6.62 by $0.60. The company had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $4.94 billion. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. The business’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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. Analysts expect that Parker-Hannifin will post 26.71 EPS for the current fiscal year.

Insider Activity at Parker-Hannifin

In other news, COO Andrew D. Ross sold 2,488 shares of the stock in a transaction on 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 completion of the transaction, the chief operating officer owned 13,120 shares in the company, valued at approximately $11,739,907.20. This represents a 15.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 sale, the vice president owned 2,580 shares in the company, valued at $2,230,616.40. This represents a 57.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 7,432 shares of company stock worth $6,484,116. Insiders own 0.32% of the company’s stock.

Institutional Trading of Parker-Hannifin

Several hedge funds and other institutional investors have recently modified their holdings of PH. 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 in the last quarter. Norges Bank purchased a new position in shares of Parker-Hannifin during the 2nd quarter valued at about $1,352,509,000. Canada Pension Plan Investment Board lifted its position in Parker-Hannifin by 115.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 367,904 shares of the industrial products company’s stock worth $256,970,000 after buying an additional 197,317 shares during the last quarter. Capital World Investors lifted its position in 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 buying an additional 169,073 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake 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 buying an additional 136,359 shares in 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.