Parker-Hannifin (NYSE:PH) Cut to Hold at Wall Street Zen

Parker-Hannifin (NYSE:PH) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

PH has been the subject of a number of other reports. Evercore ISI restated an “outperform” rating on shares of Parker-Hannifin in a research report on Tuesday, August 19th. Mizuho increased their target price on shares of Parker-Hannifin from $800.00 to $825.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Stifel Nicolaus dropped their price target on shares of Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating on the stock in a research report on Monday, October 20th. Robert W. Baird upped 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. Finally, Raymond James Financial lifted their target price on shares of Parker-Hannifin from $735.00 to $845.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Fourteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $860.71.

Parker-Hannifin Price Performance

Shares of NYSE:PH opened at $861.15 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. Parker-Hannifin has a 52 week low of $488.45 and a 52 week high of $869.36. The firm has a market cap of $108.67 billion, a PE ratio of 31.75, a price-to-earnings-growth ratio of 3.21 and a beta of 1.37. The firm’s fifty day moving average is $783.98 and its 200-day moving average is $736.30.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data 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. The business had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.94 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.Parker-Hannifin’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $6.20 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS. FY 2026 guidance at 29.600-30.400 EPS. Sell-side analysts predict that Parker-Hannifin will post 26.71 earnings per share for the current year.

Insider Activity

In other Parker-Hannifin news, VP Rachid Bendali sold 1,437 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the vice president 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Berend Bracht sold 3,507 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $864.58, for a total value of $3,032,082.06. Following the sale, the vice president owned 2,580 shares of the company’s stock, valued at approximately $2,230,616.40. This represents a 57.61% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.32% of the company’s stock.

Hedge Funds Weigh In On Parker-Hannifin

A number of large investors have recently modified their holdings of PH. Inspire Investing LLC boosted its holdings in Parker-Hannifin by 5.1% during the first quarter. Inspire Investing LLC now owns 12,386 shares of the industrial products company’s stock worth $7,529,000 after purchasing an additional 596 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in Parker-Hannifin by 20.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,194 shares of the industrial products company’s stock valued at $1,334,000 after buying an additional 379 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Parker-Hannifin during the 2nd quarter worth approximately $733,000. Vanguard Group Inc. lifted its position in shares of Parker-Hannifin by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 11,125,240 shares of the industrial products company’s stock worth $7,770,646,000 after buying an additional 101,476 shares in the last quarter. Finally, Banco Santander S.A. boosted its stake in shares of Parker-Hannifin by 70.2% in the 1st quarter. Banco Santander S.A. now owns 35,645 shares of the industrial products company’s stock worth $21,667,000 after buying an additional 14,705 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.