Parker-Hannifin (NYSE:PH) Raised to Buy at Wall Street Zen

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

PH has been the topic of a number of other reports. The Goldman Sachs Group boosted their target price on shares of Parker-Hannifin from $900.00 to $1,000.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Citigroup reaffirmed a “buy” rating on shares of Parker-Hannifin in a report on Monday, January 12th. BNP Paribas started coverage on Parker-Hannifin in a research report on Thursday, December 4th. They set an “outperform” rating and a $1,020.00 price objective for the company. KeyCorp lifted their target price on Parker-Hannifin from $935.00 to $1,050.00 and gave the stock an “overweight” rating in a report on Tuesday, January 6th. Finally, Robert W. Baird boosted their target price on Parker-Hannifin from $930.00 to $960.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 12th. Seventeen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Parker-Hannifin has a consensus rating of “Moderate Buy” and a consensus target price of $946.17.

Parker-Hannifin Stock Down 0.0%

PH opened at $944.14 on Monday. The stock’s fifty day moving average is $877.39 and its 200-day moving average is $791.97. Parker-Hannifin has a one year low of $488.45 and a one year high of $950.00. The company has a market capitalization of $119.14 billion, a PE ratio of 33.64, a P/E/G ratio of 3.28 and a beta of 1.25. 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 earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share for the quarter, beating 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 last year, the business posted $6.20 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. 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. On average, equities analysts predict that Parker-Hannifin will post 26.71 EPS for the current fiscal year.

Insider Activity

In other news, VP Berend Bracht sold 3,507 shares of Parker-Hannifin stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $864.58, for a total transaction of $3,032,082.06. Following the transaction, the vice president owned 2,580 shares in the company, valued at approximately $2,230,616.40. The trade was a 57.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Andrew D. Ross sold 2,488 shares of the stock in a transaction dated 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 directly owned 13,120 shares of the company’s stock, valued at approximately $11,739,907.20. This represents a 15.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 7,432 shares of company stock worth $6,484,116. 0.32% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PH. Brighton Jones LLC lifted its position in Parker-Hannifin by 5.9% in the 4th quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company’s stock worth $1,150,000 after buying an additional 101 shares in the last quarter. Bison Wealth LLC increased its stake in shares of Parker-Hannifin by 4.5% in the fourth quarter. Bison Wealth LLC now owns 749 shares of the industrial products company’s stock worth $476,000 after acquiring an additional 32 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Parker-Hannifin by 0.5% during the first quarter. Empowered Funds LLC now owns 2,894 shares of the industrial products company’s stock worth $1,759,000 after acquiring an additional 15 shares in the last quarter. Acadian Asset Management LLC boosted its position in Parker-Hannifin by 26.2% during the first quarter. Acadian Asset Management LLC now owns 799 shares of the industrial products company’s stock valued at $484,000 after purchasing an additional 166 shares during the last quarter. Finally, Sivia Capital Partners LLC grew its stake in Parker-Hannifin by 3.6% in the second quarter. Sivia Capital Partners LLC now owns 430 shares of the industrial products company’s stock valued at $300,000 after purchasing an additional 15 shares in the last quarter. 82.44% of the stock is owned by hedge funds and other institutional investors.

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.