Parker-Hannifin (NYSE:PH) Downgraded to Hold Rating by Wall Street Zen

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

Several other research firms also recently weighed in on PH. The Goldman Sachs Group raised their price target on shares of Parker-Hannifin from $900.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Tuesday. Citigroup boosted their target price on Parker-Hannifin from $960.00 to $1,006.00 and gave the stock a “buy” rating in a report on Monday, December 8th. Barclays lifted their price objective on Parker-Hannifin from $906.00 to $950.00 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Susquehanna reissued a “positive” rating and set a $1,000.00 price objective on shares of Parker-Hannifin in a research note on Wednesday, November 12th. Finally, Argus reaffirmed a “buy” rating and issued a $900.00 target price on shares of Parker-Hannifin in a research note on Monday, November 10th. Fifteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $911.65.

Parker-Hannifin Stock Performance

NYSE PH opened at $873.58 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.07 and a quick ratio of 0.61. The stock’s 50 day simple moving average is $820.62 and its 200-day simple moving average is $757.74. The company has a market cap of $110.24 billion, a PE ratio of 31.12, a price-to-earnings-growth ratio of 3.02 and a beta of 1.25. Parker-Hannifin has a 1-year low of $488.45 and a 1-year high of $908.35.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data on Thursday, November 6th. The industrial products company reported $7.22 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 the consensus estimate of $4.94 billion. Parker-Hannifin had a return on equity of 27.23% and a net margin of 18.17%.The firm’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $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. As a group, equities research analysts anticipate that Parker-Hannifin will post 26.71 EPS for the current fiscal year.

Insider Transactions at Parker-Hannifin

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

Hedge Funds Weigh In On Parker-Hannifin

Hedge funds have recently made changes to their positions in the stock. Texas Capital Bancshares Inc TX purchased a new stake in Parker-Hannifin in the third quarter valued at approximately $25,000. Wealth Preservation Advisors LLC purchased a new stake in shares of Parker-Hannifin in the 1st quarter valued at $27,000. Chilton Capital Management LLC acquired a new position in Parker-Hannifin during the 3rd quarter worth about $29,000. Saudi Central Bank purchased a new position in Parker-Hannifin during the 1st quarter valued at about $31,000. Finally, Interchange Capital Partners LLC purchased a new position in Parker-Hannifin during the 2nd quarter valued at about $31,000. 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.