Morgan Stanley Forecasts Strong Price Appreciation for Parker-Hannifin (NYSE:PH) Stock

Parker-Hannifin (NYSE:PH) had its target price raised by research analysts at Morgan Stanley from $725.00 to $945.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the industrial products company’s stock. Morgan Stanley’s price objective would suggest a potential upside of 1.31% from the company’s previous close.

Several other equities research analysts have also recently weighed in on PH. Argus reissued a “buy” rating and set a $900.00 price target on shares of Parker-Hannifin in a research report on Monday, November 10th. Citigroup restated a “buy” rating on shares of Parker-Hannifin in a report on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a research report on Wednesday, October 8th. KeyCorp lifted their price objective on Parker-Hannifin from $935.00 to $1,050.00 and gave the company an “overweight” rating in a research report on Tuesday, January 6th. Finally, The Goldman Sachs Group lifted their price target on Parker-Hannifin from $900.00 to $1,000.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Seventeen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $944.33.

Parker-Hannifin Price Performance

Shares of PH stock traded down $5.56 during trading hours on Wednesday, reaching $932.79. The company’s stock had a trading volume of 61,480 shares, compared to its average volume of 500,965. 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 company has a market capitalization of $117.71 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 3.23 and a beta of 1.25. Parker-Hannifin has a fifty-two week low of $488.45 and a fifty-two week high of $939.97. The firm’s 50 day simple moving average is $869.98 and its 200-day simple moving average is $786.97.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 EPS for the quarter, beating analysts’ consensus estimates of $6.62 by $0.60. The business had revenue of $5.08 billion during the quarter, compared to analyst estimates of $4.94 billion. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. Parker-Hannifin’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter 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. Sell-side analysts forecast that Parker-Hannifin will post 26.71 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Andrew D. Ross sold 2,488 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $894.81, for a total transaction of $2,226,287.28. Following the completion of the sale, the chief operating officer owned 13,120 shares of the company’s stock, valued at approximately $11,739,907.20. This represents a 15.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Rachid Bendali sold 1,437 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $852.99, for a total value of $1,225,746.63. Following the completion of the sale, the vice president owned 2,714 shares of the company’s stock, valued at $2,315,014.86. This trade represents a 34.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, 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

Institutional investors have recently made changes to their positions in the company. Texas Capital Bancshares Inc TX purchased a new stake in Parker-Hannifin in the 3rd quarter valued at about $25,000. Chilton Capital Management LLC acquired a new stake in shares of Parker-Hannifin during the third quarter valued at about $29,000. Interchange Capital Partners LLC purchased a new stake in shares of Parker-Hannifin in the 2nd quarter valued at approximately $31,000. Ameriflex Group Inc. raised its stake in shares of Parker-Hannifin by 366.7% in the 3rd quarter. Ameriflex Group Inc. now owns 42 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 33 shares during the period. Finally, Morse Asset Management Inc lifted its holdings in shares of Parker-Hannifin by 164.7% in the 3rd quarter. Morse Asset Management Inc now owns 45 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 28 shares during the last quarter. Hedge funds and other 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.