Parker-Hannifin (NYSE:PH) Given New $1,097.00 Price Target at Truist Financial

Parker-Hannifin (NYSE:PH) had its target price increased by research analysts at Truist Financial from $977.00 to $1,097.00 in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Truist Financial’s price target suggests a potential upside of 25.50% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. Argus restated a “buy” rating and set a $900.00 price objective on shares of Parker-Hannifin in a research report on Monday, November 10th. Citigroup raised their price target on shares of Parker-Hannifin from $960.00 to $1,006.00 and gave the company a “buy” rating in a research note on Monday, December 8th. Stifel Nicolaus boosted their price objective on Parker-Hannifin from $850.00 to $869.00 and gave the stock a “hold” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft downgraded Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 target price on the stock. in a research report on Thursday, September 4th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a research note on Wednesday, October 8th. Fifteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $911.65.

Parker-Hannifin Stock Performance

NYSE:PH traded up $10.89 during trading hours on Thursday, reaching $874.08. The company had a trading volume of 135,682 shares, compared to its average volume of 703,498. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.07 and a quick ratio of 0.61. Parker-Hannifin has a 1-year low of $488.45 and a 1-year high of $908.35. The business’s 50 day moving average price is $814.90 and its 200-day moving average price is $755.49. The firm has a market cap of $110.30 billion, a PE ratio of 31.09, a price-to-earnings-growth ratio of 3.04 and a beta of 1.25.

Parker-Hannifin (NYSE:PH) last posted its earnings results 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 firm had revenue of $5.08 billion during 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% compared to the same quarter last year. During the same period in the previous year, the business 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. Research analysts forecast that Parker-Hannifin will post 26.71 EPS for the current year.

Insider Transactions at Parker-Hannifin

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

Institutional Trading of Parker-Hannifin

Several hedge funds and other institutional investors have recently made changes to their positions in PH. Texas Capital Bancshares Inc TX purchased a new stake in shares of Parker-Hannifin in the third quarter valued at $25,000. Wealth Preservation Advisors LLC acquired a new stake in shares of Parker-Hannifin in the first quarter worth approximately $27,000. Chilton Capital Management LLC acquired a new stake in shares of Parker-Hannifin in the third quarter worth approximately $29,000. Saudi Central Bank purchased a new stake in Parker-Hannifin in the first quarter valued at approximately $31,000. Finally, Interchange Capital Partners LLC purchased a new position in Parker-Hannifin during the second quarter worth approximately $31,000. Institutional investors and hedge funds own 82.44% of the company’s stock.

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.