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

Parker-Hannifin Corporation (NYSE:PH) has been given an average rating of “Moderate Buy” by the twenty-two analysts that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, seventeen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $1,021.0476.

Several brokerages have recently commented on PH. Truist Financial set a $1,147.00 target price on shares of Parker-Hannifin in a report on Friday, May 1st. Wells Fargo & Company lowered their target price on shares of Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating for the company in a report on Tuesday, May 26th. Wall Street Zen downgraded shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. JPMorgan Chase & Co. lowered their target price on shares of Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. Finally, Sanford C. Bernstein initiated coverage on shares of Parker-Hannifin in a report on Tuesday, June 9th. They issued an “outperform” rating and a $1,026.00 target price for the company.

Institutional Trading of Parker-Hannifin

A number of institutional investors and hedge funds have recently modified their holdings of PH. Fideuram Asset Management Ireland dac purchased a new position in shares of Parker-Hannifin in the 4th quarter valued at approximately $1,253,000. Citigroup Inc. lifted its stake in shares of Parker-Hannifin by 54.7% in the 3rd quarter. Citigroup Inc. now owns 158,668 shares of the industrial products company’s stock valued at $120,294,000 after purchasing an additional 56,103 shares during the period. Truist Financial Corp lifted its stake in shares of Parker-Hannifin by 2.7% in the 4th quarter. Truist Financial Corp now owns 174,852 shares of the industrial products company’s stock valued at $153,687,000 after purchasing an additional 4,673 shares during the period. Y.D. More Investments Ltd purchased a new position in shares of Parker-Hannifin in the 4th quarter valued at approximately $3,800,000. Finally, Westfield Capital Management Co. LP purchased a new position in shares of Parker-Hannifin in the 3rd quarter valued at approximately $5,437,000. 82.44% of the stock is owned by hedge funds and other institutional investors.

Parker-Hannifin Stock Performance

Shares of Parker-Hannifin stock opened at $954.25 on Monday. The company has a market cap of $120.32 billion, a PE ratio of 35.20, a price-to-earnings-growth ratio of 2.77 and a beta of 1.14. Parker-Hannifin has a 52 week low of $646.51 and a 52 week high of $1,034.96. The business has a 50 day moving average price of $909.58 and a 200-day moving average price of $921.81. The company has a quick ratio of 0.66, a current ratio of 1.13 and a debt-to-equity ratio of 0.46.

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

Parker-Hannifin Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 8th were given a dividend of $2.00 per share. The ex-dividend date of this dividend was Friday, May 8th. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.8%. Parker-Hannifin’s dividend payout ratio (DPR) is 29.51%.

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.