Parker-Hannifin Corporation (NYSE:PH) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Parker-Hannifin Corporation has received a consensus rating of "Moderate Buy" from analysts, with fourteen buy ratings and four hold ratings among eighteen rating firms.
• The stock's average 12-month price objective is reported to be approximately $768.70, with recent target price adjustments ranging from $680.00 to $845.00 by various firms.
• Parker-Hannifin announced a quarterly dividend of $1.80 per share, which translates to a $7.20 annual dividend, resulting in a dividend yield of 1.0%.

Parker-Hannifin Corporation (NYSE:PH - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eighteen ratings firms that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $768.7059.

A number of equities analysts have recently weighed in on PH shares. Argus set a $680.00 price objective on shares of Parker-Hannifin in a research report on Tuesday, May 6th. Barclays lifted their target price on shares of Parker-Hannifin from $750.00 to $776.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Evercore ISI reissued an "outperform" rating on shares of Parker-Hannifin in a research note on Tuesday, August 19th. Raymond James Financial lifted their price objective on Parker-Hannifin from $735.00 to $845.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Finally, Stifel Nicolaus upped their target price on Parker-Hannifin from $717.00 to $726.00 and gave the company a "hold" rating in a research note on Friday, August 8th.

Insiders Place Their Bets

In related news, VP Angela R. Ives sold 810 shares of the business's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $727.36, for a total value of $589,161.60. Following the completion of the sale, the vice president directly owned 2,798 shares in the company, valued at approximately $2,035,153.28. The trade was a 22.45% 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 the SEC website. Also, VP Matthew A. Jacobson sold 575 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $733.06, for a total transaction of $421,509.50. Following the transaction, the vice president directly owned 1,000 shares in the company, valued at approximately $733,060. This represents a 36.51% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 9,414 shares of company stock valued at $6,883,931. 0.39% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Parker-Hannifin

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wealth Preservation Advisors LLC purchased a new stake in shares of Parker-Hannifin during the 1st quarter worth about $27,000. Saudi Central Bank acquired a new position in Parker-Hannifin during the first quarter valued at approximately $31,000. Interchange Capital Partners LLC purchased a new stake in Parker-Hannifin during the second quarter worth approximately $31,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Parker-Hannifin in the fourth quarter worth $32,000. Finally, Olde Wealth Management LLC acquired a new stake in shares of Parker-Hannifin in the first quarter worth $35,000. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Parker-Hannifin Stock Performance

NYSE PH opened at $749.8910 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. Parker-Hannifin has a fifty-two week low of $488.45 and a fifty-two week high of $763.99. The business has a fifty day moving average of $714.81 and a 200-day moving average of $660.70. The stock has a market cap of $95.82 billion, a price-to-earnings ratio of 27.65, a price-to-earnings-growth ratio of 3.12 and a beta of 1.37.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, topping analysts' consensus estimates of $7.08 by $0.61. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The firm had revenue of $5.24 billion during the quarter, compared to analysts' expectations of $5.10 billion. During the same quarter last year, the business posted $6.77 EPS. The firm's quarterly revenue was up 1.1% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, analysts predict that Parker-Hannifin will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Tuesday, September 2nd. Parker-Hannifin's dividend payout ratio is presently 26.55%.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.

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