Parker-Hannifin (NYSE:PH) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Parker-Hannifin from “hold” to “buy,” adding to a broadly positive analyst outlook. Eighteen analysts rate the stock a Buy and five rate it a Hold, for a consensus “Moderate Buy” rating and $1,146.35 target price.
• Parker-Hannifin’s latest quarterly results exceeded expectations, with EPS of $9.27 versus the $8.31 consensus and revenue of $5.75 billion. Revenue increased 9.8% year over year, while management issued fiscal 2027 EPS guidance of $34.25–$35.25.
• The stock opened at $880.03, down 1.5%, and remains below its 50-day and 200-day moving averages. Institutional investors own 82.44% of the company, while a company vice president recently sold 602 shares for approximately $626,000.

Parker-Hannifin (NYSE:PH - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Other research analysts have also issued research reports about the stock. BNP Paribas Exane raised their target price on shares of Parker-Hannifin from $1,220.00 to $1,270.00 and gave the company an "outperform" rating in a research note on Friday, September 18th. The Goldman Sachs Group boosted their price target on shares of Parker-Hannifin from $1,071.00 to $1,165.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Susquehanna boosted their price target on shares of Parker-Hannifin from $1,100.00 to $1,250.00 and gave the stock a "positive" rating in a research note on Friday, August 7th. Jefferies Financial Group increased their price objective on shares of Parker-Hannifin from $1,100.00 to $1,275.00 in a report on Friday, August 7th. Finally, Truist Financial raised their price objective on shares of Parker-Hannifin from $1,269.00 to $1,358.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Eighteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,146.35.

Parker-Hannifin Trading Down 1.5%

Shares of PH opened at $880.03 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.26 and a debt-to-equity ratio of 0.44. Parker-Hannifin has a 12-month low of $755.10 and a 12-month high of $1,099.94. The firm has a market capitalization of $110.98 billion, a PE ratio of 30.89, a price-to-earnings-growth ratio of 2.49 and a beta of 1.12. The stock's fifty day simple moving average is $966.89 and its 200-day simple moving average is $951.03.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The industrial products company reported $9.27 EPS for the quarter, topping analysts' consensus estimates of $8.31 by $0.96. The firm had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.57 billion. Parker-Hannifin had a return on equity of 28.48% and a net margin of 16.97%. The company's revenue was up 9.8% on a year-over-year basis. During the same period last year, the company earned $7.69 earnings per share. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. As a group, research analysts predict that Parker-Hannifin will post 35.72 earnings per share for the current year.

Insider Activity

In related news, VP Berend Bracht sold 602 shares of the firm's stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $1,040.47, for a total transaction of $626,362.94. Following the sale, the vice president owned 4,399 shares of the company's stock, valued at approximately $4,577,027.53. This trade represents a 12.04% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.35% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Proficio Capital Partners LLC boosted its holdings in shares of Parker-Hannifin by 234.0% in the second quarter. Proficio Capital Partners LLC now owns 1,954 shares of the industrial products company's stock valued at $1,911,000 after buying an additional 1,369 shares during the period. BNP Paribas increased its position in shares of Parker-Hannifin by 4.1% during the second quarter. BNP Paribas now owns 54,208 shares of the industrial products company's stock worth $52,717,000 after acquiring an additional 2,121 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in shares of Parker-Hannifin by 86.1% during the second quarter. Integrated Wealth Concepts LLC now owns 3,503 shares of the industrial products company's stock worth $3,426,000 after acquiring an additional 1,621 shares in the last quarter. Rakuten Investment Management Inc. acquired a new stake in shares of Parker-Hannifin during the second quarter worth $19,883,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Parker-Hannifin by 6.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 46,177 shares of the industrial products company's stock worth $45,167,000 after acquiring an additional 2,955 shares during the period. 82.44% of the stock is owned by institutional investors and hedge funds.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation is a diversified manufacturer of motion and control technologies and systems. The company serves aerospace, industrial, and other specialized markets with products designed to control the movement and flow of liquids and gases, as well as mechanical motion and power.

Its product portfolio includes hydraulic and pneumatic systems, filtration and process-control equipment, electromechanical technologies, sealing and shielding products, connectors, pumps, valves, and related components.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.