Parker-Hannifin Corporation (NYSE:PH) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Parker-Hannifin Corporation (NYSE:PH) have been assigned a consensus rating of “Moderate Buy” from the twenty analysts that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $911.6471.

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Parker-Hannifin from $840.00 to $925.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Deutsche Bank Aktiengesellschaft lowered Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price target on the stock. in a report on Thursday, September 4th. BNP Paribas started coverage on Parker-Hannifin in a report on Thursday, December 4th. They set an “outperform” rating and a $1,020.00 price objective for the company. Barclays upped their target price on Parker-Hannifin from $906.00 to $950.00 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Finally, Truist Financial increased their target price on Parker-Hannifin from $977.00 to $1,097.00 and gave the stock a “buy” rating in a report on Thursday, December 18th.

Insider Activity

In other news, VP Rachid Bendali sold 1,437 shares of the business’s 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 sale, the vice president directly owned 2,714 shares of the company’s stock, valued at $2,315,014.86. The trade was a 34.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Berend Bracht sold 3,507 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was 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 $2,230,616.40. This represents a 57.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 7,432 shares of company stock worth $6,484,116 over the last three months. 0.32% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PH. Berkshire Asset Management LLC PA grew its stake in Parker-Hannifin by 1.1% during 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 acquiring an additional 13 shares in the last quarter. Bridgewater Advisors Inc. boosted its holdings 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 purchasing an additional 13 shares during the period. Asset Dedication LLC grew its position in shares of Parker-Hannifin by 2.0% during the 3rd quarter. Asset Dedication LLC now owns 702 shares of the industrial products company’s stock valued at $532,000 after purchasing an additional 14 shares in the last quarter. High Net Worth Advisory Group LLC grew its position in shares of 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 valued at $3,559,000 after purchasing an additional 14 shares in the last quarter. Finally, Fidelis Capital Partners LLC increased its holdings in shares of Parker-Hannifin by 1.3% in the second quarter. Fidelis Capital Partners LLC now owns 1,071 shares of the industrial products company’s stock worth $747,000 after purchasing an additional 14 shares during the period. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Stock Performance

Shares of PH stock opened at $888.69 on Monday. The firm has a 50 day moving average of $836.17 and a 200-day moving average of $766.73. The company has a market cap of $112.14 billion, a price-to-earnings ratio of 31.66, a price-to-earnings-growth ratio of 3.09 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 has a 52 week low of $488.45 and a 52 week high of $908.35.

Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.62 by $0.60. The company had revenue of $5.08 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous 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. On average, equities analysts forecast that Parker-Hannifin will post 26.71 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The firm also recently disclosed 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 dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, November 7th. Parker-Hannifin’s dividend payout ratio (DPR) is 25.65%.

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.