Parker-Hannifin (NYSE:PH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Parker-Hannifin (NYSE:PH) from a hold rating to a buy rating in a research note released on Saturday.

Several other research analysts have also recently commented on PH. KeyCorp boosted their price target on Parker-Hannifin from $825.00 to $935.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Truist Financial increased their target price on Parker-Hannifin from $977.00 to $1,097.00 and gave the company a “buy” rating in a research note on Thursday, December 18th. BNP Paribas began coverage on shares of Parker-Hannifin in a research report on Thursday, December 4th. They set an “outperform” rating and a $1,020.00 price target for the company. Barclays upped their price target on shares of Parker-Hannifin from $906.00 to $950.00 and gave the company an “overweight” rating in a report on Thursday, December 4th. Finally, Robert W. Baird increased their price objective on shares of Parker-Hannifin from $930.00 to $960.00 and gave the company an “outperform” rating in a research note on Wednesday, November 12th. Fifteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Parker-Hannifin has an average rating of “Moderate Buy” and a consensus price target of $911.65.

Parker-Hannifin Trading Up 1.5%

PH opened at $907.83 on Friday. The firm’s 50 day moving average is $851.88 and its 200-day moving average is $776.59. Parker-Hannifin has a 52-week low of $488.45 and a 52-week high of $917.67. 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 firm has a market capitalization of $114.56 billion, a P/E ratio of 32.34, a P/E/G ratio of 3.11 and a beta of 1.25.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share for the quarter, beating analysts’ consensus estimates of $6.62 by $0.60. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. The business had revenue of $5.08 billion during the quarter, compared to analyst estimates of $4.94 billion. During the same period last year, the business earned $6.20 EPS. The business’s revenue was up 3.7% on a year-over-year basis. 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.

Parker-Hannifin Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 7th were issued a $1.80 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $7.20 dividend on an annualized basis and a yield of 0.8%. Parker-Hannifin’s dividend payout ratio (DPR) is currently 25.65%.

Insider Activity

In other Parker-Hannifin news, VP Berend Bracht sold 3,507 shares of the stock in a transaction on 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 sale, the vice president directly owned 2,580 shares of the company’s stock, valued at $2,230,616.40. This trade represents a 57.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Rachid Bendali sold 1,437 shares of the business’s stock in a transaction on 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 transaction, the vice president directly owned 2,714 shares of the company’s stock, valued at approximately $2,315,014.86. This trade represents a 34.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 insiders.

Institutional Trading of Parker-Hannifin

Several hedge funds have recently bought and sold shares of the company. Berkshire Asset Management LLC PA increased its stake in shares of Parker-Hannifin by 1.1% in the third quarter. Berkshire Asset Management LLC PA now owns 1,208 shares of the industrial products company’s stock valued at $916,000 after purchasing an additional 13 shares during the period. Bridgewater Advisors Inc. increased its position in Parker-Hannifin by 2.3% in the 3rd quarter. Bridgewater Advisors Inc. now owns 567 shares of the industrial products company’s stock valued at $473,000 after acquiring an additional 13 shares during the period. Fidelis Capital Partners LLC raised its stake in Parker-Hannifin by 1.3% during the 2nd quarter. Fidelis Capital Partners LLC now owns 1,071 shares of the industrial products company’s stock valued at $747,000 after acquiring an additional 14 shares in the last quarter. High Net Worth Advisory Group LLC boosted its position in Parker-Hannifin by 0.3% during the 3rd quarter. High Net Worth Advisory Group LLC now owns 4,694 shares of the industrial products company’s stock worth $3,559,000 after acquiring an additional 14 shares during the period. Finally, Asset Dedication LLC grew its stake in shares of Parker-Hannifin by 2.0% in the third quarter. Asset Dedication LLC now owns 702 shares of the industrial products company’s stock worth $532,000 after purchasing an additional 14 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors.

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.