Parker-Hannifin (NYSE:PH) Cut 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 on Tuesday.

Several other research analysts also recently commented on the stock. Mizuho lifted their target price on shares of Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. BNP Paribas Exane started coverage on Parker-Hannifin in a research note on Thursday, December 4th. They issued an “outperform” rating and a $1,020.00 target price on the stock. Susquehanna reiterated a “positive” rating and issued a $1,000.00 price objective on shares of Parker-Hannifin in a report on Wednesday, November 12th. Wells Fargo & Company upped their target price on Parker-Hannifin from $925.00 to $1,000.00 and gave the company an “overweight” rating in a report on Wednesday, January 7th. Finally, Stifel Nicolaus lifted their price target on shares of Parker-Hannifin from $869.00 to $941.00 and gave the company a “hold” rating in a report on Friday. Seventeen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Parker-Hannifin currently has a consensus rating of “Moderate Buy” and an average target price of $950.17.

Parker-Hannifin Stock Performance

Parker-Hannifin stock opened at $933.46 on Tuesday. The firm has a fifty day simple moving average of $888.79 and a two-hundred day simple moving average of $801.43. 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 twelve month low of $488.45 and a twelve month high of $954.30. The company has a market capitalization of $117.79 billion, a PE ratio of 33.25, a P/E/G ratio of 3.23 and a beta of 1.25.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data 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. The firm had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.94 billion. Parker-Hannifin had a return on equity of 27.23% and a net margin of 18.17%.The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.20 earnings per share. 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. Research analysts expect that Parker-Hannifin will post 26.71 EPS for the current year.

Insider Activity at Parker-Hannifin

In other Parker-Hannifin news, VP Rachid Bendali sold 1,437 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $852.99, for a total value of $1,225,746.63. Following the transaction, the vice president directly owned 2,714 shares in the company, valued at approximately $2,315,014.86. This trade represents a 34.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Andrew D. Ross sold 2,488 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $894.81, for a total value of $2,226,287.28. Following the completion of the sale, the chief operating officer owned 13,120 shares of the company’s stock, valued at $11,739,907.20. The trade was a 15.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 7,432 shares of company stock worth $6,484,116. 0.32% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Parker-Hannifin by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 11,125,240 shares of the industrial products company’s stock valued at $7,770,646,000 after purchasing an additional 101,476 shares in the last quarter. Procyon Advisors LLC increased its holdings in shares of Parker-Hannifin by 158,565.9% in the 3rd quarter. Procyon Advisors LLC now owns 5,069,374 shares of the industrial products company’s stock valued at $3,843,346,000 after purchasing an additional 5,066,179 shares in the last quarter. Bank of America Corp DE boosted its position in Parker-Hannifin by 0.6% during the third quarter. Bank of America Corp DE now owns 3,904,591 shares of the industrial products company’s stock worth $2,960,266,000 after purchasing an additional 22,706 shares in the last quarter. 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 buying an additional 169,073 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Parker-Hannifin by 1.8% in the second quarter. Invesco Ltd. now owns 2,345,922 shares of the industrial products company’s stock valued at $1,638,556,000 after buying an additional 41,221 shares during 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.