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

Key Points

• Analyst sentiment is favorable: Nineteen analysts rate Parker-Hannifin a consensus “Moderate Buy,” including 17 buy ratings and two holds. The average 12-month price target is $1,114.55, with several firms recently raising their targets to as high as $1,250.
• Quarterly results exceeded expectations: Parker-Hannifin reported $9.27 in earnings per share versus the $8.31 consensus estimate, while revenue rose 9.8% year over year to $5.75 billion.
• Shareholders received a quarterly dividend: The company declared a $2.00-per-share dividend, equivalent to $8.00 annually and a 0.8% yield. Institutional investors own 82.44% of the stock, while an executive recently sold 602 shares.

Shares of Parker-Hannifin Corporation (NYSE:PH - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the nineteen research firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $1,114.55.

A number of research firms recently commented on PH. Susquehanna lifted 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. Sanford C. Bernstein raised their price objective on shares of Parker-Hannifin from $1,037.00 to $1,218.00 and gave the stock an "outperform" rating in a research note on Friday, August 14th. Stifel Nicolaus set a $1,075.00 target price on Parker-Hannifin in a research report on Friday, August 7th. UBS Group upped their target price on Parker-Hannifin from $1,092.00 to $1,250.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Parker-Hannifin in a report on Friday, July 17th.

Parker-Hannifin Stock Performance

NYSE:PH opened at $962.40 on Friday. The firm has a market capitalization of $121.31 billion, a PE ratio of 33.78, a PEG ratio of 2.64 and a beta of 1.13. The stock's fifty day moving average is $991.22 and its 200 day moving average is $949.50. Parker-Hannifin has a fifty-two week low of $715.37 and a fifty-two week high of $1,099.94. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.74 and a current ratio of 1.26.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The industrial products company reported $9.27 EPS for the quarter, topping the consensus estimate of $8.31 by $0.96. Parker-Hannifin had a net margin of 16.97% and a return on equity of 28.48%. The company had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.57 billion. During the same period in the previous year, the firm earned $7.69 earnings per share. Parker-Hannifin's quarterly revenue was up 9.8% compared to the same quarter last year. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. On average, sell-side analysts anticipate that Parker-Hannifin will post 34.83 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Monday, August 31st will be given a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Monday, August 31st. Parker-Hannifin's dividend payout ratio is 28.08%.

Insiders Place Their Bets

In other news, VP Berend Bracht sold 602 shares of Parker-Hannifin 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 completion of the sale, the vice president directly owned 4,399 shares in the company, valued at approximately $4,577,027.53. This trade represents a 12.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.32% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Parker-Hannifin

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. E Fund Management Co. Ltd. grew its stake in Parker-Hannifin by 2.1% in the 2nd quarter. E Fund Management Co. Ltd. now owns 477 shares of the industrial products company's stock worth $467,000 after acquiring an additional 10 shares in the last quarter. Optas LLC raised its stake in shares of Parker-Hannifin by 3.1% during the first quarter. Optas LLC now owns 370 shares of the industrial products company's stock valued at $331,000 after acquiring an additional 11 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its holdings in shares of Parker-Hannifin by 1.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 614 shares of the industrial products company's stock valued at $540,000 after purchasing an additional 11 shares during the period. Inspire Advisors LLC grew its stake in Parker-Hannifin by 1.2% in the fourth quarter. Inspire Advisors LLC now owns 917 shares of the industrial products company's stock worth $807,000 after purchasing an additional 11 shares in the last quarter. Finally, RFG Advisory LLC grew its stake in Parker-Hannifin by 0.3% in the first quarter. RFG Advisory LLC now owns 3,740 shares of the industrial products company's stock worth $3,348,000 after purchasing an additional 12 shares in the last quarter. Institutional investors own 82.44% of the company's stock.

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.

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