Parker-Hannifin (NYSE:PH) Price Target Raised to $1,232.00 at Citigroup

Key Points

• Citigroup raised Parker-Hannifin’s price target to $1,232 from $1,141 and maintained a “buy” rating, implying 14.49% upside from the prior close. The broader analyst consensus is “Moderate Buy,” with a $1,080.18 target.
• Parker-Hannifin reported strong quarterly results, with revenue up 9.8% year over year to $5.75 billion and EPS of $9.27, beating estimates of $8.26. Management guided fiscal 2027 EPS to $34.25-$35.25.
• Shares rose 0.6% to $1,076.12, while the company cited a record $12.8 billion backlog and stronger orders. Institutional investors and hedge funds own 82.44% of the stock.

Parker-Hannifin (NYSE:PH - Get Free Report) had its price target raised by analysts at Citigroup from $1,141.00 to $1,232.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the industrial products company's stock. Citigroup's price target would indicate a potential upside of 14.49% from the stock's previous close.

Other research analysts have also issued reports about the company. Sanford C. Bernstein reissued an "outperform" rating and issued a $1,037.00 price objective on shares of Parker-Hannifin in a research report on Thursday, July 16th. Susquehanna upped their target price on Parker-Hannifin from $1,100.00 to $1,250.00 and gave the stock a "positive" rating in a research report on Friday. KeyCorp increased their target price on Parker-Hannifin from $1,100.00 to $1,210.00 and gave the company an "overweight" rating in a research note on Friday. Mizuho set a $1,050.00 price target on Parker-Hannifin in a research report on Friday, May 1st. Finally, BMO Capital Markets restated an "outperform" rating and issued a $1,214.00 price target on shares of Parker-Hannifin in a report on Friday. Nineteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $1,080.18.

Parker-Hannifin Trading Up 0.6%

Shares of NYSE PH traded up $6.32 during midday trading on Friday, hitting $1,076.12. The stock had a trading volume of 778,205 shares, compared to its average volume of 722,038. The company has a quick ratio of 0.66, a current ratio of 1.13 and a debt-to-equity ratio of 0.46. Parker-Hannifin has a 1-year low of $715.37 and a 1-year high of $1,099.94. The company has a market capitalization of $135.69 billion, a price-to-earnings ratio of 39.69, a PEG ratio of 2.67 and a beta of 1.12. The company has a fifty day moving average price of $945.98 and a 200 day moving average price of $940.22.

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

Hedge Funds Weigh In On Parker-Hannifin

A number of institutional investors have recently made changes to their positions in PH. HFM Investment Advisors LLC increased its stake in shares of Parker-Hannifin by 1,000.0% in the fourth quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company's stock worth $29,000 after buying an additional 30 shares during the last quarter. Texas Capital Bancshares Inc TX bought a new stake in shares of Parker-Hannifin in the 3rd quarter worth about $25,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Parker-Hannifin in the 4th quarter valued at about $31,000. NFSG Corp lifted its position in shares of Parker-Hannifin by 94.4% during the first quarter. NFSG Corp now owns 35 shares of the industrial products company's stock worth $31,000 after purchasing an additional 17 shares during the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC lifted its position in shares of Parker-Hannifin by 80.0% during the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company's stock worth $32,000 after purchasing an additional 16 shares during the last quarter. 82.44% of the stock is owned by institutional investors and hedge funds.

Parker-Hannifin News Roundup

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

• Positive Sentiment: Strong earnings beat: Fiscal Q4 sales rose 9.8% year over year to approximately $5.8 billion, while adjusted EPS reached a record $9.27, exceeding analyst estimates near $8.26-$8.29. Adjusted EPS increased 21% from $7.69 a year earlier. Parker-Hannifin Surpasses Q4 Earnings and Revenue Estimates
• Positive Sentiment: Healthy operating momentum: Record backlog reached $12.8 billion, including $8.5 billion in aerospace, while orders increased across major segments. Parker also raised its long-term adjusted segment operating-margin target by 300 basis points to 30% by fiscal 2031. Parker-Hannifin Jumps After Record Q4 Results and Stronger FY27 Outlook
• Positive Sentiment: Constructive fiscal 2027 outlook: Management projected adjusted EPS of $34.25-$35.25, above the roughly $34.09 consensus estimate, with reported and organic sales growth expected at 5.5%-8.5%, excluding pending acquisitions. Parker Reports Record Fiscal 2026 Fourth Quarter and Full Year Results
• Positive Sentiment: Analyst confidence strengthened: Truist raised its target to $1,358 and assigned a “buy” rating; Susquehanna increased its target to $1,250 with a “positive” rating; and BNP Paribas Exane raised its target to $1,220 while reaffirming “outperform.”
• Neutral Sentiment: Parker completed its Curtis Instruments acquisition and announced planned purchases of Filtration Group and CIRCOR’s Commercial and Defense Aerospace business, which could expand its portfolio but also introduce integration and execution risks.
• Negative Sentiment: Reported data showed extensive insider selling over the past six months, with executives making no open-market purchases. Such sales may reflect compensation or diversification and were not tied to the quarterly results.

About Parker-Hannifin

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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