Brokerages Set Parker-Hannifin Corporation (NYSE:PH) PT at $1,027.38

Parker-Hannifin Corporation (NYSE:PH) has earned an average recommendation of “Moderate Buy” from the twenty-two research firms that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and eighteen have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $1,027.3810.

PH has been the subject of a number of research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a report on Tuesday, April 21st. Evercore set a $1,064.00 price objective on Parker-Hannifin in a research report on Monday, May 11th. Wells Fargo & Company decreased their price target on Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating for the company in a report on Tuesday, May 26th. Truist Financial raised their price target on shares of Parker-Hannifin from $1,147.00 to $1,269.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Finally, Stifel Nicolaus boosted their price objective on Parker-Hannifin from $965.00 to $1,000.00 and gave the company a “hold” rating in a report on Friday, April 10th.

Institutional Investors Weigh In On Parker-Hannifin

Several large investors have recently modified their holdings of PH. Norges Bank purchased a new position in Parker-Hannifin during the fourth quarter valued at approximately $1,756,230,000. Eurizon Capital SGR S.p.A. acquired a new stake in Parker-Hannifin during the fourth quarter valued at $185,532,000. Focus Partners Wealth increased its holdings in Parker-Hannifin by 1,535.3% in the fourth quarter. Focus Partners Wealth now owns 221,010 shares of the industrial products company’s stock valued at $194,106,000 after buying an additional 207,495 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Parker-Hannifin by 119.3% in the first quarter. Assenagon Asset Management S.A. now owns 340,727 shares of the industrial products company’s stock worth $305,032,000 after acquiring an additional 185,367 shares during the period. Finally, Amundi boosted its stake in shares of Parker-Hannifin by 36.4% during the 1st quarter. Amundi now owns 625,059 shares of the industrial products company’s stock worth $559,578,000 after acquiring an additional 166,962 shares in the last quarter. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Stock Down 0.0%

Parker-Hannifin stock opened at $953.13 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.66. The company’s 50-day moving average is $912.84 and its 200-day moving average is $933.35. The firm has a market capitalization of $120.18 billion, a PE ratio of 35.16, a P/E/G ratio of 2.54 and a beta of 1.11. Parker-Hannifin has a fifty-two week low of $692.02 and a fifty-two week high of $1,034.96.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, beating the consensus estimate of $7.84 by $0.33. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. The company had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.40 billion. During the same period in the prior year, the firm earned $6.94 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Sell-side analysts anticipate that Parker-Hannifin will post 31.26 earnings per share for the current year.

Parker-Hannifin Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 8th were paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, May 8th. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s dividend payout ratio (DPR) is presently 29.51%.

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.