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

Parker-Hannifin Corporation (NYSE:PH - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the twenty research firms that are presently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $787.6111.

Several research analysts have recently weighed in on the stock. Barclays increased their price objective on shares of Parker-Hannifin from $776.00 to $785.00 and gave the stock an "overweight" rating in a report on Wednesday, October 1st. Wall Street Zen upgraded shares of Parker-Hannifin from a "hold" rating to a "buy" rating in a report on Saturday, September 20th. Raymond James Financial increased their price objective on shares of Parker-Hannifin from $735.00 to $845.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Weiss Ratings reiterated a "buy (b)" rating on shares of Parker-Hannifin in a report on Wednesday, October 8th. Finally, Truist Financial increased their price objective on shares of Parker-Hannifin from $822.00 to $910.00 and gave the stock a "buy" rating in a report on Wednesday, October 8th.

Insider Transactions at Parker-Hannifin

In related news, EVP Joseph R. Leonti sold 4,625 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $750.84, for a total value of $3,472,635.00. Following the transaction, the executive vice president owned 13,878 shares in the company, valued at approximately $10,420,157.52. This trade represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Robert W. Malone sold 2,257 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $730.66, for a total transaction of $1,649,099.62. Following the completion of the transaction, the vice president owned 5,866 shares in the company, valued at $4,286,051.56. The trade was a 27.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,039 shares of company stock valued at $10,356,566 in the last three months. 0.32% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. OLD National Bancorp IN grew its position in Parker-Hannifin by 13.4% in the third quarter. OLD National Bancorp IN now owns 701 shares of the industrial products company's stock valued at $531,000 after acquiring an additional 83 shares in the last quarter. Farther Finance Advisors LLC grew its position in Parker-Hannifin by 96.1% in the third quarter. Farther Finance Advisors LLC now owns 3,127 shares of the industrial products company's stock valued at $2,371,000 after acquiring an additional 1,532 shares in the last quarter. HBK Sorce Advisory LLC grew its position in Parker-Hannifin by 3.7% in the third quarter. HBK Sorce Advisory LLC now owns 10,763 shares of the industrial products company's stock valued at $8,108,000 after acquiring an additional 381 shares in the last quarter. Exchange Traded Concepts LLC grew its position in Parker-Hannifin by 29.4% in the third quarter. Exchange Traded Concepts LLC now owns 7,434 shares of the industrial products company's stock valued at $5,636,000 after acquiring an additional 1,688 shares in the last quarter. Finally, Foster Group Inc. acquired a new stake in Parker-Hannifin in the third quarter valued at approximately $249,000. Hedge funds and other institutional investors own 82.44% of the company's stock.

Parker-Hannifin Price Performance

Parker-Hannifin stock opened at $736.75 on Wednesday. The stock has a market capitalization of $93.23 billion, a P/E ratio of 27.17, a P/E/G ratio of 3.02 and a beta of 1.35. Parker-Hannifin has a 12-month low of $488.45 and a 12-month high of $779.77. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71. The firm's 50-day moving average is $749.61 and its two-hundred day moving average is $687.14.

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

Parker-Hannifin Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were issued a $1.80 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $7.20 annualized dividend and a yield of 1.0%. Parker-Hannifin's dividend payout ratio (DPR) 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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