Parker-Hannifin (NYSE:PH) Given New $1,358.00 Price Target at Truist Financial

Key Points

• Truist Financial raised Parker-Hannifin’s price target to $1,358 from $1,269 while maintaining a “buy” rating, implying roughly 25.8% upside from the cited share price.
• Parker-Hannifin reported strong quarterly results, with revenue up 9.8% year over year to $5.75 billion and EPS of $9.27, beating analyst expectations of $5.57 billion and $8.26, respectively.
• Analyst sentiment remains positive, with 19 buy ratings and four holds producing a “Moderate Buy” consensus; however, the stock trades at an elevated valuation near 40 times earnings and some revenue forecasts fall below consensus.

Parker-Hannifin (NYSE:PH - Get Free Report) had its price target lifted by analysts at Truist Financial from $1,269.00 to $1,358.00 in a research note issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the industrial products company's stock. Truist Financial's price objective points to a potential upside of 25.77% from the stock's current price.

A number of other equities analysts have also recently issued reports on PH. Citigroup reissued a "buy" rating on shares of Parker-Hannifin in a research report on Monday, June 8th. Mizuho set a $1,050.00 target price on Parker-Hannifin in a research report on Friday, May 1st. Stifel Nicolaus raised their price objective on Parker-Hannifin from $965.00 to $1,000.00 and gave the company a "hold" rating in a research note on Friday, April 10th. Evercore set a $1,064.00 price objective on Parker-Hannifin in a report on Monday, May 11th. Finally, JPMorgan Chase & Co. lowered their target price on Parker-Hannifin from $1,100.00 to $1,060.00 and set an "overweight" rating on the stock in a research report on Thursday, May 7th. Nineteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,048.76.

Parker-Hannifin Price Performance

Shares of PH opened at $1,079.75 on Friday. The firm has a market cap of $136.15 billion, a PE ratio of 39.58, a price-to-earnings-growth ratio of 2.67 and a beta of 1.12. Parker-Hannifin has a 52-week low of $715.37 and a 52-week high of $1,099.94. The business's 50 day moving average price is $945.98 and its two-hundred day moving average price is $940.22. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 1.13.

Parker-Hannifin (NYSE:PH - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The industrial products company reported $9.27 earnings per share for the quarter, beating the consensus estimate of $8.26 by $1.01. The company had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.57 billion. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. Parker-Hannifin's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $7.69 EPS. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. On average, equities analysts anticipate that Parker-Hannifin will post 31.25 EPS for the current year.

Hedge Funds Weigh In On Parker-Hannifin

A number of hedge funds have recently added to or reduced their stakes in the stock. Fideuram Asset Management Ireland dac bought a new position in shares of Parker-Hannifin in the 4th quarter worth approximately $1,253,000. Truist Financial Corp boosted its position in shares of Parker-Hannifin by 2.7% during the fourth quarter. Truist Financial Corp now owns 174,852 shares of the industrial products company's stock valued at $153,687,000 after purchasing an additional 4,673 shares in the last quarter. BCS Wealth Management grew its stake in Parker-Hannifin by 83.3% in the fourth quarter. BCS Wealth Management now owns 3,120 shares of the industrial products company's stock worth $2,742,000 after purchasing an additional 1,418 shares during the period. Shepherd Street Advisors LLC purchased a new stake in Parker-Hannifin in the fourth quarter worth $1,736,000. Finally, Horizon Investments LLC raised its holdings in Parker-Hannifin by 78.8% in the fourth quarter. Horizon Investments LLC now owns 8,829 shares of the industrial products company's stock worth $7,760,000 after purchasing an additional 3,892 shares in the last quarter. Institutional investors and hedge funds own 82.44% of the company's stock.

Parker-Hannifin News Summary

Here are the key news stories impacting Parker-Hannifin this week:

• Positive Sentiment: Fiscal fourth-quarter sales rose 9.8% year over year to approximately $5.8 billion, while adjusted EPS increased 21% to a record $9.27. Both figures exceeded Wall Street expectations of roughly $5.57 billion in revenue and $8.26-$8.29 in EPS. Parker Reports Record Fiscal 2026 Fourth Quarter and Full Year Results
• Positive Sentiment: Management guided to fiscal 2027 adjusted EPS of $34.25-$35.25, above the approximately $34.09 consensus estimate, with reported and organic sales growth expected at 5.5%-8.5%. The outlook points to another record year, excluding the pending Filtration Group and CIRCOR aerospace transactions.
• Positive Sentiment: Operating momentum remained broad-based: total backlog reached a record $12.8 billion, including an $8.5 billion aerospace backlog, while order rates increased across major segments. Parker also raised its long-term adjusted segment operating-margin target by 300 basis points to 30% by fiscal 2031 after surpassing its prior target ahead of schedule. Parker-Hannifin’s Earnings Call Signals Strong Growth Path
• Positive Sentiment: Full-year results also showed record $21.5 billion revenue, $32.31 adjusted EPS and $4.4 billion in operating cash flow. The company completed the Curtis Instruments acquisition, announced additional aerospace and filtration deals, and raised its dividend 11%, extending its streak of annual increases to 70 years.
• Neutral Sentiment: Parker-Hannifin’s valuation is elevated after the rally, with a price-to-earnings ratio near 40. Analysts’ median price target of $1,060 is close to the current trading range, although some targets reach as high as $1,269.
• Negative Sentiment: Reported fiscal 2027 revenue guidance of $20.9 billion-$21.5 billion was below one published consensus estimate of $22.7 billion, creating a potential concern despite the stronger EPS outlook.
• Negative Sentiment: Recent insider activity showed sales by senior executives, with no reported insider purchases over the prior six months. Such transactions may reflect compensation or portfolio decisions, but they can temper bullish sentiment.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation NYSE: PH is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.

Parker-Hannifin's product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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