Parker-Hannifin (NYSE:PH) Reaches New 12-Month High – Here’s Why

Parker-Hannifin Corporation (NYSE:PH)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $935.00 and last traded at $934.2170, with a volume of 260 shares. The stock had previously closed at $928.94.

Analyst Ratings Changes

A number of research analysts have commented on the company. Wells Fargo & Company increased their price objective on Parker-Hannifin from $925.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. Susquehanna reiterated a “positive” rating and issued a $1,000.00 price target on shares of Parker-Hannifin in a research report on Wednesday, November 12th. Truist Financial boosted their price objective on shares of Parker-Hannifin from $977.00 to $1,097.00 and gave the company a “buy” rating in a report on Thursday, December 18th. KeyCorp increased their target price on shares of Parker-Hannifin from $935.00 to $1,050.00 and gave the stock an “overweight” rating in a report on Tuesday, January 6th. Finally, Citigroup restated a “buy” rating on shares of Parker-Hannifin in a research report on Monday. Seventeen analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $944.33.

Parker-Hannifin Stock Performance

The stock has a fifty day moving average of $873.21 and a 200-day moving average of $788.01. The firm has a market capitalization of $119.04 billion, a P/E ratio of 33.61, a P/E/G ratio of 3.26 and a beta of 1.25. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.54.

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, topping analysts’ consensus estimates of $6.62 by $0.60. Parker-Hannifin had a return on equity of 27.23% and a net margin of 18.17%.The firm had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.94 billion. During the same quarter in the prior year, the firm posted $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. On average, research analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

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

Insider Transactions at Parker-Hannifin

In other news, COO Andrew D. Ross sold 2,488 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was 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 of the company’s stock, valued at approximately $11,739,907.20. This represents a 15.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Rachid Bendali sold 1,437 shares of Parker-Hannifin stock in a transaction dated 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 completion of 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. Insiders have sold a total of 7,432 shares of company stock worth $6,484,116 in the last 90 days. Corporate insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On Parker-Hannifin

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Texas Capital Bancshares Inc TX acquired a new stake in Parker-Hannifin during the third quarter worth approximately $25,000. Chilton Capital Management LLC bought a new stake in shares of Parker-Hannifin during the 3rd quarter worth approximately $29,000. Interchange Capital Partners LLC bought a new stake in shares of Parker-Hannifin during the 2nd quarter worth approximately $31,000. Ameriflex Group Inc. boosted its position in shares of Parker-Hannifin by 366.7% during the 3rd quarter. Ameriflex Group Inc. now owns 42 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 33 shares in the last quarter. Finally, Morse Asset Management Inc increased its stake in Parker-Hannifin by 164.7% in the third quarter. Morse Asset Management Inc now owns 45 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 28 shares during the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

About Parker-Hannifin

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.