Parker-Hannifin (NYSE:PH) Upgraded at Wall Street Zen

Key Points

• Parker-Hannifin has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, reflecting a positive outlook from investment analysts.
• The company reported $7.69 earnings per share for the last quarter, exceeding estimates of $7.08, with revenue also surpassing expectations at $5.24 billion.
• Institutional investors hold 82.44% of Parker-Hannifin's stock, indicating strong institutional confidence in the company.

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

Other analysts also recently issued reports about the stock. Mizuho set a $785.00 price objective on shares of Parker-Hannifin in a report on Friday, May 16th. Stifel Nicolaus lifted their price objective on shares of Parker-Hannifin from $717.00 to $726.00 and gave the stock a "hold" rating in a report on Friday, August 8th. Barclays lifted their price objective 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. Morgan Stanley lifted their price objective on shares of Parker-Hannifin from $700.00 to $725.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 9th. Finally, Citigroup reaffirmed a "buy" rating and set a $831.00 price objective (up from $709.00) on shares of Parker-Hannifin in a report on Monday, July 14th. Fourteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $768.71.

Parker-Hannifin Stock Performance

PH traded down $3.99 on Friday, hitting $745.94. The company's stock had a trading volume of 185,539 shares, compared to its average volume of 746,336. The company's 50 day simple moving average is $727.16 and its 200-day simple moving average is $663.97. The firm has a market cap of $95.31 billion, a P/E ratio of 27.50, a price-to-earnings-growth ratio of 3.15 and a beta of 1.35. Parker-Hannifin has a 12 month low of $488.45 and a 12 month high of $773.30. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 earnings per share (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 the consensus estimate of $5.10 billion. During the same quarter last year, the business posted $6.77 earnings per share. The firm's revenue 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. Analysts forecast that Parker-Hannifin will post 26.71 EPS for the current year.

Insider Activity at Parker-Hannifin

In related news, EVP Joseph R. Leonti sold 4,625 shares of the business's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $750.84, for a total transaction of $3,472,635.00. Following the transaction, the executive vice president owned 13,878 shares in the company, valued at $10,420,157.52. The trade was a 25.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Andrew D. Ross sold 4,361 shares of the business's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $732.66, for a total transaction of $3,195,130.26. Following the transaction, the chief operating officer owned 13,120 shares in the company, valued at $9,612,499.20. This represents a 24.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,039 shares of company stock valued at $10,356,566 over the last three months. Corporate insiders own 0.39% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in shares of Parker-Hannifin by 5.9% during the fourth 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 last quarter. Bank Pictet & Cie Europe AG boosted its position in shares of Parker-Hannifin by 0.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 7,259 shares of the industrial products company's stock worth $4,617,000 after acquiring an additional 55 shares during the last quarter. Bison Wealth LLC boosted its position in shares of Parker-Hannifin by 4.5% during the fourth quarter. Bison Wealth LLC now owns 749 shares of the industrial products company's stock worth $476,000 after acquiring an additional 32 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new position in Parker-Hannifin during the fourth quarter valued at $11,148,000. Finally, Mercer Global Advisors Inc. ADV lifted its position in Parker-Hannifin by 5.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 12,156 shares of the industrial products company's stock valued at $7,731,000 after purchasing an additional 633 shares during the last quarter. Institutional investors own 82.44% of the company's stock.

Parker-Hannifin Company Profile

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.