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

Shares of Parker-Hannifin Corporation (NYSE:PH) have been assigned an average recommendation of “Moderate Buy” from the nineteen research firms that are currently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $860.7059.

PH has been the topic of a number of research analyst reports. Truist Financial reiterated a “buy” rating and issued a $977.00 target price (up from $910.00) on shares of Parker-Hannifin in a research report on Friday, November 7th. Mizuho upped their price objective on Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Argus reissued a “buy” rating and issued a $900.00 target price on shares of Parker-Hannifin in a report on Monday, November 10th. Barclays upped their price target on shares of Parker-Hannifin from $785.00 to $906.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Finally, Raymond James Financial increased their price objective on shares of Parker-Hannifin from $735.00 to $845.00 and gave the company an “outperform” rating in a research report on Friday, August 8th.

Parker-Hannifin Price Performance

Shares of NYSE:PH opened at $868.74 on Thursday. The firm has a market cap of $109.62 billion, a price-to-earnings ratio of 30.95, a P/E/G ratio of 2.98 and a beta of 1.25. The firm has a fifty day moving average price of $790.26 and a 200 day moving average price of $740.59. Parker-Hannifin has a fifty-two week low of $488.45 and a fifty-two week high of $869.52. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.61 and a current ratio of 1.07.

Parker-Hannifin (NYSE:PH) last announced its quarterly 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. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. The company had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.94 billion. During the same period in the previous year, the firm posted $6.20 EPS. Parker-Hannifin’s revenue for the quarter 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. As a group, sell-side analysts expect that Parker-Hannifin will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 7th will be given a $1.80 dividend. The ex-dividend date is Friday, November 7th. This represents a $7.20 annualized dividend and a yield of 0.8%. Parker-Hannifin’s dividend payout ratio (DPR) is currently 25.65%.

Insider Buying and Selling

In other news, VP Rachid Bendali sold 1,437 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $852.99, for a total value 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. This trade represents a 34.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Berend Bracht sold 3,507 shares of Parker-Hannifin stock in a transaction that occurred 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 of the company’s stock, valued at approximately $2,230,616.40. This trade represents a 57.61% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On Parker-Hannifin

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quadrant Capital Group LLC grew its stake in Parker-Hannifin by 20.1% in the 2nd quarter. Quadrant Capital Group LLC now owns 3,610 shares of the industrial products company’s stock worth $2,521,000 after acquiring an additional 604 shares in the last quarter. Inspire Investing LLC boosted its holdings in shares of Parker-Hannifin by 5.1% in the first quarter. Inspire Investing LLC now owns 12,386 shares of the industrial products company’s stock valued at $7,529,000 after purchasing an additional 596 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Parker-Hannifin by 20.9% in the first quarter. Geneos Wealth Management Inc. now owns 2,194 shares of the industrial products company’s stock valued at $1,334,000 after purchasing an additional 379 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new position in Parker-Hannifin in the second quarter worth approximately $733,000. Finally, Vanguard Group Inc. increased its holdings in Parker-Hannifin by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 11,125,240 shares of the industrial products company’s stock worth $7,770,646,000 after purchasing an additional 101,476 shares during the period. Hedge funds and other institutional investors own 82.44% of the company’s stock.

About Parker-Hannifin

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.