Parker-Hannifin (NYSE:PH) Upgraded by Wall Street Zen to Buy Rating

Key Points

• Parker-Hannifin has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, signaling increased analyst confidence in the stock.
• Multiple research firms have adjusted their target prices for Parker-Hannifin, with estimates ranging from $750.00 to $831.00, reflecting a positive outlook for the company.
• The company reported earnings of $7.69 per share, surpassing analysts' expectations and showing a year-over-year revenue increase of 1.1%.

Wall Street Zen upgraded shares of Parker-Hannifin (NYSE:PH - Free Report) from a hold rating to a buy rating in a research report released on Saturday morning.

Several other equities research analysts have also weighed in on PH. Raymond James Financial increased their target price 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. Evercore ISI reiterated an "outperform" rating on shares of Parker-Hannifin in a report on Tuesday, August 19th. Susquehanna initiated coverage on shares of Parker-Hannifin in a report on Friday, August 15th. They issued a "positive" rating and a $860.00 target price on the stock. Barclays increased their target price on shares of Parker-Hannifin from $750.00 to $776.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Finally, Wells Fargo & Company increased their target price on shares of Parker-Hannifin from $770.00 to $800.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Thirteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, Parker-Hannifin presently has a consensus rating of "Moderate Buy" and an average price target of $770.94.

Parker-Hannifin Price Performance

Parker-Hannifin stock traded up $6.83 during trading hours on Friday, hitting $766.78. 22,135 shares of the stock were exchanged, compared to its average volume of 732,758. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. The stock has a market capitalization of $97.98 billion, a P/E ratio of 28.28, 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 business's 50-day moving average is $741.46 and its two-hundred day moving average is $673.22.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share 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 business had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.10 billion. During the same quarter last year, the business posted $6.77 earnings per share. 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. Equities research analysts expect that Parker-Hannifin will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were paid a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 0.9%. The ex-dividend date was Tuesday, September 2nd. Parker-Hannifin's payout ratio is presently 26.55%.

Insider Transactions at Parker-Hannifin

In other Parker-Hannifin news, VP Matthew A. Jacobson sold 575 shares of Parker-Hannifin stock in a transaction on Friday, August 8th. The shares were sold at an average price of $733.06, for a total value of $421,509.50. Following the sale, the vice president directly owned 1,000 shares in the company, valued at approximately $733,060. The trade was a 36.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Angela R. Ives sold 810 shares of the firm's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $727.36, for a total transaction of $589,161.60. Following the completion of the sale, the vice president owned 2,798 shares of the company's stock, valued at $2,035,153.28. This trade represents a 22.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,039 shares of company stock worth $10,356,566. 0.39% of the stock is owned by insiders.

Institutional Trading of Parker-Hannifin

Several hedge funds and other institutional investors have recently modified their holdings of PH. Brighton Jones LLC boosted its holdings in Parker-Hannifin by 5.9% in the 4th quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company's stock valued at $1,150,000 after purchasing an additional 101 shares during the period. Bank Pictet & Cie Europe AG boosted its holdings in Parker-Hannifin by 0.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 7,259 shares of the industrial products company's stock valued at $4,617,000 after purchasing an additional 55 shares during the period. Bison Wealth LLC boosted its holdings in Parker-Hannifin by 4.5% in the 4th quarter. Bison Wealth LLC now owns 749 shares of the industrial products company's stock valued at $476,000 after purchasing an additional 32 shares during the period. State of Wyoming boosted its holdings in Parker-Hannifin by 369.4% in the 4th quarter. State of Wyoming now owns 291 shares of the industrial products company's stock valued at $185,000 after purchasing an additional 229 shares during the period. Finally, Waverly Advisors LLC bought a new stake in Parker-Hannifin in the 4th quarter valued at about $586,000. Institutional investors own 82.44% of the company's stock.

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.