Parker-Hannifin Corporation (NYSE:PH) Stock Now Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Analysts give Parker-Hannifin a “Moderate Buy” consensus: Sixteen of 19 covering firms rate the stock a buy, while three recommend holding it. The average 12-month price target is $1,119.55, with recent targets ranging from $1,075 to $1,250.
• The company exceeded quarterly 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.
• Parker-Hannifin maintains shareholder distributions and strong institutional backing: It paid a quarterly dividend of $2 per share, equal to a 0.8% annualized yield, while institutional investors own 82.44% of the stock.

Shares of Parker-Hannifin Corporation (NYSE:PH - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the nineteen research firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $1,119.55.

Several brokerages have commented on PH. Stifel Nicolaus set a $1,075.00 price target on Parker-Hannifin in a report on Friday, August 7th. Wall Street Zen lowered shares of Parker-Hannifin from a "buy" rating to a "hold" rating in a research note on Saturday, August 22nd. BMO Capital Markets reissued an "outperform" rating and set a $1,214.00 target price on shares of Parker-Hannifin in a research report on Friday, August 7th. BNP Paribas Exane reaffirmed an "outperform" rating and issued a $1,220.00 price target (up from $1,090.00) on shares of Parker-Hannifin in a research report on Friday, August 7th. Finally, Susquehanna boosted their price objective on Parker-Hannifin from $1,100.00 to $1,250.00 and gave the stock a "positive" rating in a research report on Friday, August 7th.

Parker-Hannifin Trading Down 0.0%

Shares of NYSE:PH opened at $969.40 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $122.25 billion, a PE ratio of 34.03, a P/E/G ratio of 3.02 and a beta of 1.13. Parker-Hannifin has a 1 year low of $715.37 and a 1 year high of $1,099.94. The firm has a fifty day moving average price of $988.86 and a 200 day moving average price of $944.77.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The industrial products company reported $9.27 earnings per share for the quarter, topping analysts' consensus estimates of $8.31 by $0.96. Parker-Hannifin had a return on equity of 28.48% and a net margin of 16.97%.The company had revenue of $5.75 billion during the quarter, compared to analysts' expectations of $5.57 billion. During the same quarter in the previous year, the firm earned $7.69 earnings per share. The business'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. Analysts expect that Parker-Hannifin will post 34.95 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Monday, August 31st were given a dividend of $2.00 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a $8.00 dividend on an annualized basis and a yield of 0.8%. Parker-Hannifin's payout ratio is 28.08%.

Insider Buying and Selling

In related news, VP Berend Bracht sold 602 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $1,040.47, for a total value of $626,362.94. Following the completion of the sale, the vice president 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.35% of the stock is currently owned by insiders.

Institutional Trading of Parker-Hannifin

A number of institutional investors and hedge funds have recently modified their holdings of the company. Archer Investment Corp bought a new stake in Parker-Hannifin in the second quarter valued at about $28,000. NFSG Corp boosted its stake in shares of Parker-Hannifin by 94.4% in the 1st quarter. NFSG Corp now owns 35 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 17 shares in the last quarter. First Command Advisory Services Inc. grew its holdings in shares of Parker-Hannifin by 1,133.3% in the 4th quarter. First Command Advisory Services Inc. now owns 37 shares of the industrial products company's stock worth $33,000 after purchasing an additional 34 shares during the last quarter. Bell Investment Advisors Inc bought a new position in Parker-Hannifin during the 2nd quarter valued at about $35,000. Finally, Brown Lisle Cummings Inc. boosted its position in Parker-Hannifin by 76.0% in the first quarter. Brown Lisle Cummings Inc. now owns 44 shares of the industrial products company's stock valued at $39,000 after buying an additional 19 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation is a diversified manufacturer of motion and control technologies. The company develops and produces components and systems that manage the movement and control of liquids, gases and mechanical force across industrial, mobile and aerospace applications.

Its product portfolio includes hydraulic and pneumatic systems, electromechanical technologies, filtration and fluid-management equipment, seals and shielding products, connectors, pumps, valves, sensors, thermal-management solutions and related engineered systems.

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