Parker-Hannifin (NYSE:PH) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Parker-Hannifin (NYSE:PH) had its price objective boosted by analysts at Stifel Nicolaus from $850.00 to $869.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the industrial products company’s stock. Stifel Nicolaus’ price target points to a potential downside of 0.30% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the company. Evercore ISI reissued an “outperform” rating on shares of Parker-Hannifin in a report on Tuesday, August 19th. Mizuho increased their target price on shares of Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Wells Fargo & Company boosted their price target on shares of Parker-Hannifin from $840.00 to $925.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. BNP Paribas started coverage on shares of Parker-Hannifin in a research note on Thursday, December 4th. They set an “outperform” rating and a $1,020.00 price objective on the stock. Finally, Robert W. Baird raised their price objective on shares of Parker-Hannifin from $930.00 to $960.00 and gave the stock an “outperform” rating in a report on Wednesday, November 12th. Fifteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $904.59.

Parker-Hannifin Price Performance

PH traded down $11.88 during midday trading on Tuesday, reaching $871.59. 195,471 shares of the company’s stock were exchanged, compared to its average volume of 704,289. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.54. The business has a 50-day simple moving average of $810.26 and a two-hundred day simple moving average of $753.25. The firm has a market capitalization of $109.99 billion, a price-to-earnings ratio of 31.10, a price-to-earnings-growth ratio of 3.08 and a beta of 1.25. Parker-Hannifin has a one year low of $488.45 and a one year high of $908.35.

Parker-Hannifin (NYSE:PH) last issued its earnings results 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 business had revenue of $5.08 billion during 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%.Parker-Hannifin’s quarterly revenue was up 3.7% compared to the same quarter last year. 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, research analysts predict that Parker-Hannifin will post 26.71 EPS for the current year.

Insiders Place Their Bets

In related 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 owned 2,580 shares in the company, valued at $2,230,616.40. This trade represents a 57.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Rachid Bendali sold 1,437 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $852.99, for a total value 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. This represents a 34.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 7,432 shares of company stock valued at $6,484,116. 0.32% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Parker-Hannifin

Large investors have recently modified their holdings of the business. Swiss Life Asset Management Ltd increased its holdings in Parker-Hannifin by 14.3% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 36,990 shares of the industrial products company’s stock worth $28,044,000 after purchasing an additional 4,631 shares in the last quarter. Groupama Asset Managment lifted its holdings in shares of Parker-Hannifin by 9.8% in the third quarter. Groupama Asset Managment now owns 166,089 shares of the industrial products company’s stock valued at $125,920,000 after purchasing an additional 14,836 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of Parker-Hannifin during the third quarter worth about $13,365,000. Achmea Investment Management B.V. grew its holdings in shares of Parker-Hannifin by 79.3% during the third quarter. Achmea Investment Management B.V. now owns 28,731 shares of the industrial products company’s stock worth $21,782,000 after buying an additional 12,707 shares in the last quarter. Finally, Oarsman Capital Inc. raised its position in Parker-Hannifin by 4.4% in the 3rd quarter. Oarsman Capital Inc. now owns 3,969 shares of the industrial products company’s stock valued at $3,009,000 after buying an additional 166 shares during the last quarter. 82.44% of the stock is currently owned by institutional investors.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.