Parker-Hannifin (NYSE:PH) Downgraded by Wall Street Zen to "Hold"

Key Points

• Parker-Hannifin has been downgraded by Wall Street Zen from a "buy" to a "hold" rating, reflecting changing analyst sentiment regarding the stock.
• The company reported quarterly earnings of $7.69 EPS, exceeding expectations, with revenue of $5.24 billion, representing a year-over-year increase of 1.1%.
• Insider selling activity was noted, with significant stock sales by company executives, indicating potential concerns about ownership stake and future performance.

Parker-Hannifin (NYSE:PH - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Sunday.

A number of other research analysts have also recently commented on the company. Stifel Nicolaus raised their price target on Parker-Hannifin from $717.00 to $726.00 and gave the stock a "hold" rating in a research report on Friday, August 8th. Morgan Stanley raised their price target on Parker-Hannifin from $700.00 to $725.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. Mizuho set a $785.00 price target on Parker-Hannifin in a research report on Friday, May 16th. Barclays raised their price target on Parker-Hannifin from $750.00 to $776.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Finally, KeyCorp lifted their target price on Parker-Hannifin from $790.00 to $810.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $770.94.

Parker-Hannifin Stock Up 0.2%

Shares of NYSE PH opened at $758.63 on Friday. 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 has a 52 week low of $488.45 and a 52 week high of $773.30. The stock has a market capitalization of $96.94 billion, a P/E ratio of 27.97, a PEG ratio of 3.14 and a beta of 1.35. The stock's fifty day moving average is $731.05 and its 200 day moving average is $665.13.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $5.24 billion for the quarter, compared to analysts' expectations of $5.10 billion. During the same quarter last year, the business earned $6.77 earnings per share. Parker-Hannifin's revenue was up 1.1% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Sell-side analysts forecast that Parker-Hannifin will post 26.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Robert W. Malone sold 2,257 shares of Parker-Hannifin stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $730.66, for a total value of $1,649,099.62. Following the transaction, the vice president directly owned 5,866 shares of the company's stock, valued at $4,286,051.56. The trade was a 27.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Andrew D. Ross sold 4,361 shares of Parker-Hannifin stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $732.66, for a total value of $3,195,130.26. Following the completion of the transaction, the chief operating officer directly owned 13,120 shares in the company, valued at approximately $9,612,499.20. This represents a 24.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,039 shares of company stock valued at $10,356,566 over the last 90 days. 0.39% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Parker-Hannifin

Institutional investors have recently added to or reduced their stakes in the business. Wealth Preservation Advisors LLC acquired a new position in Parker-Hannifin in the first quarter valued at approximately $27,000. Interchange Capital Partners LLC acquired a new position in Parker-Hannifin in the second quarter valued at approximately $31,000. Mpwm Advisory Solutions LLC acquired a new position in Parker-Hannifin in the fourth quarter valued at approximately $32,000. Saudi Central Bank acquired a new position in Parker-Hannifin in the first quarter valued at approximately $31,000. Finally, State of Wyoming acquired a new position in Parker-Hannifin in the second quarter valued at approximately $38,000. 82.44% of the stock is owned by institutional investors and hedge funds.

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.

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