Parker-Hannifin (NYSE:PH) Rating Lowered to Hold at 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 equities analysts have also recently weighed in on the company. BMO Capital Markets initiated coverage on Parker-Hannifin in a report on Friday, March 27th. They set an “outperform” rating and a $1,090.00 price objective on the stock. Mizuho set a $1,050.00 price objective on Parker-Hannifin in a report on Friday, May 1st. Morgan Stanley lifted their price objective on Parker-Hannifin from $945.00 to $1,038.00 and gave the company an “equal weight” rating in a report on Tuesday, February 24th. Evercore set a $1,064.00 price objective on Parker-Hannifin in a report on Monday, May 11th. Finally, Wells Fargo & Company cut their price objective on Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating on the stock in a report on Tuesday, May 26th. Seventeen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Parker-Hannifin has an average rating of “Moderate Buy” and an average price target of $1,020.80.

Parker-Hannifin Trading Up 1.3%

NYSE:PH opened at $883.20 on Friday. Parker-Hannifin has a fifty-two week low of $646.51 and a fifty-two week high of $1,034.96. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.66. The stock has a market capitalization of $111.36 billion, a PE ratio of 32.58, a price-to-earnings-growth ratio of 2.54 and a beta of 1.14. The business’s 50-day simple moving average is $907.35 and its 200-day simple moving average is $915.87.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, beating the consensus estimate of $7.84 by $0.33. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The business had revenue of $5.49 billion for the quarter, compared to analysts’ expectations of $5.40 billion. During the same quarter in the previous year, the business posted $6.94 EPS. Parker-Hannifin’s revenue for the quarter was up 10.6% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Sell-side analysts expect that Parker-Hannifin will post 31.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Parker-Hannifin

Several institutional investors have recently bought and sold shares of PH. Norges Bank bought a new stake in Parker-Hannifin in the 4th quarter valued at approximately $1,756,230,000. Eurizon Capital SGR S.p.A. bought a new stake in Parker-Hannifin in the 4th quarter valued at approximately $185,532,000. Focus Partners Wealth lifted its stake in Parker-Hannifin by 1,535.3% in the 4th quarter. Focus Partners Wealth now owns 221,010 shares of the industrial products company’s stock valued at $194,106,000 after acquiring an additional 207,495 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Parker-Hannifin by 119.3% in the 1st quarter. Assenagon Asset Management S.A. now owns 340,727 shares of the industrial products company’s stock valued at $305,032,000 after acquiring an additional 185,367 shares in the last quarter. Finally, Capital World Investors lifted its stake in Parker-Hannifin by 7.0% in the 3rd quarter. Capital World Investors now owns 2,584,141 shares of the industrial products company’s stock valued at $1,959,166,000 after acquiring an additional 169,073 shares in the last quarter. 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.