Parker-Hannifin Corporation (NYSE:PH) Receives $770.94 Average PT from Analysts

Key Points

• Parker-Hannifin Corporation has received a consensus rating of "Moderate Buy" from 19 analysts, with 13 buy ratings and 6 hold ratings.
• The company has set a 12-month price objective of approximately $770.94, with various brokerages assigned price targets ranging up to $860.00.
• Parker-Hannifin reported a quarterly earnings per share of $7.69, exceeding analysts' expectations and indicating an increase in revenue year-over-year.

Parker-Hannifin Corporation (NYSE:PH - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the nineteen brokerages that are covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $770.9444.

Several analysts have recently issued reports on PH shares. Stifel Nicolaus lifted their target price on shares of Parker-Hannifin from $717.00 to $726.00 and gave the company a "hold" rating in a research report on Friday, August 8th. Citigroup reiterated a "buy" rating and issued a $831.00 price target (up previously from $709.00) on shares of Parker-Hannifin in a research report on Monday, July 14th. Cowen reiterated a "hold" rating on shares of Parker-Hannifin in a report on Friday, August 29th. Wall Street Zen raised shares of Parker-Hannifin from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Evercore ISI restated an "outperform" rating on shares of Parker-Hannifin in a report on Tuesday, August 19th.

Insider Transactions at Parker-Hannifin

In related news, VP Matthew A. Jacobson sold 575 shares of Parker-Hannifin stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $733.06, for a total value of $421,509.50. Following the transaction, the vice president owned 1,000 shares of the company's stock, valued at approximately $733,060. This trade represents a 36.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Andrew D. Ross sold 4,361 shares of Parker-Hannifin stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $732.66, for a total value of $3,195,130.26. Following the transaction, the chief operating officer directly owned 13,120 shares in the company, valued at approximately $9,612,499.20. This trade represents a 24.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,039 shares of company stock valued at $10,356,566 in the last quarter. 0.39% of the stock is owned by company insiders.

Institutional Investors Weigh In On Parker-Hannifin

Several institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Parker-Hannifin during the 2nd quarter worth approximately $1,352,509,000. GAMMA Investing LLC lifted its holdings in shares of Parker-Hannifin by 66,111.8% in the first quarter. GAMMA Investing LLC now owns 1,735,412 shares of the industrial products company's stock valued at $1,054,870,000 after purchasing an additional 1,732,791 shares in the last quarter. Nuveen LLC purchased a new stake in Parker-Hannifin in the first quarter worth $933,089,000. Price T Rowe Associates Inc. MD boosted its stake in Parker-Hannifin by 52.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,443,104 shares of the industrial products company's stock worth $1,485,042,000 after purchasing an additional 842,262 shares during the period. Finally, Wellington Management Group LLP grew its position in Parker-Hannifin by 11.6% during the first quarter. Wellington Management Group LLP now owns 2,009,250 shares of the industrial products company's stock worth $1,221,323,000 after buying an additional 208,573 shares in the last quarter. Institutional investors own 82.44% of the company's stock.

Parker-Hannifin Trading Up 0.8%

Shares of NYSE PH traded up $6.22 during midday trading on Friday, hitting $766.17. 75,508 shares of the company traded hands, compared to its average volume of 732,963. The stock has a 50-day moving average price of $741.46 and a 200 day moving average price of $673.22. The firm has a market cap of $97.90 billion, a P/E ratio of 28.30, a P/E/G ratio of 3.13 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 quick ratio of 0.71 and a current ratio of 1.19.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.08 by $0.61. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The company had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the previous year, the firm posted $6.77 EPS. Parker-Hannifin's revenue for the quarter 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 expect that Parker-Hannifin will post 26.71 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were paid a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Tuesday, September 2nd. Parker-Hannifin's payout ratio is currently 26.55%.

About Parker-Hannifin

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.