Parker-Hannifin (NYSE:PH) Upgraded by Wall Street Zen to “Buy” Rating

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

Several other analysts have also recently commented on the stock. Argus restated a “buy” rating and issued a $900.00 target price on shares of Parker-Hannifin in a research note on Monday, November 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a report on Wednesday, October 8th. Mizuho lifted their price objective on Parker-Hannifin from $800.00 to $825.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Susquehanna reiterated a “positive” rating and set a $1,000.00 target price on shares of Parker-Hannifin in a research report on Wednesday, November 12th. 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 research note on Thursday, December 18th. Fifteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $911.65.

Parker-Hannifin Trading Up 1.6%

Shares of PH stock opened at $892.99 on Friday. The company has a market capitalization of $112.69 billion, a P/E ratio of 31.81, a price-to-earnings-growth ratio of 3.06 and a beta of 1.25. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average is $849.23 and its two-hundred day moving average is $773.09. Parker-Hannifin has a twelve month low of $488.45 and a twelve month high of $908.35.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 EPS for the quarter, topping the consensus estimate of $6.62 by $0.60. Parker-Hannifin had a return on equity of 27.23% and a net margin of 18.17%.The business had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $4.94 billion. During the same quarter in the prior year, the business earned $6.20 earnings per share. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. 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. Equities analysts forecast that Parker-Hannifin will post 26.71 EPS for the current year.

Insider Buying and Selling

In other news, VP Berend Bracht sold 3,507 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $864.58, for a total value of $3,032,082.06. Following the completion of the transaction, the vice president owned 2,580 shares in the company, valued at $2,230,616.40. This trade represents a 57.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Rachid Bendali sold 1,437 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was 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 owned 2,714 shares in the company, valued at $2,315,014.86. This represents a 34.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 7,432 shares of company stock worth $6,484,116 in the last quarter. Company insiders own 0.32% of the company’s stock.

Hedge Funds Weigh In On Parker-Hannifin

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Texas Capital Bancshares Inc TX purchased a new position in shares of Parker-Hannifin during the 3rd quarter worth approximately $25,000. Chilton Capital Management LLC acquired a new stake in Parker-Hannifin during the 3rd quarter valued at $29,000. Interchange Capital Partners LLC purchased a new position in Parker-Hannifin during the second quarter worth $31,000. Ameriflex Group Inc. raised its holdings in shares of Parker-Hannifin by 366.7% in the third quarter. Ameriflex Group Inc. now owns 42 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 33 shares during the last quarter. Finally, Morse Asset Management Inc lifted its position in shares of 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 in 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.