Weiss Ratings Reaffirms "Buy (B)" Rating for Parker-Hannifin (NYSE:PH)

Key Points

• Weiss Ratings has reaffirmed a "Buy (B)" rating for Parker-Hannifin (NYSE:PH) in a recent research report.
• The company's stock has an average price target of $784.39, with fourteen analysts rating it as a Buy and six as a Hold.
• Parker-Hannifin reported earnings of $7.69 EPS for the last quarter, exceeding analysts' expectations by $0.61, alongside a revenue increase of 1.1% year-over-year.

Parker-Hannifin (NYSE:PH - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by equities research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Several other brokerages also recently commented on PH. Susquehanna started coverage on shares of Parker-Hannifin in a research report on Friday, August 15th. They set a "positive" rating and a $860.00 price objective for the company. Citigroup reissued a "buy" rating and issued a $831.00 price target (up previously from $709.00) on shares of Parker-Hannifin in a research report on Monday, July 14th. Stifel Nicolaus lifted their price target on shares of Parker-Hannifin from $717.00 to $726.00 and gave the company a "hold" rating in a research report on Friday, August 8th. Evercore ISI reissued an "outperform" rating on shares of Parker-Hannifin in a research report on Tuesday, August 19th. Finally, Raymond James Financial lifted their price target on shares of Parker-Hannifin from $735.00 to $845.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Fourteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Parker-Hannifin currently has an average rating of "Moderate Buy" and an average price target of $784.39.

Parker-Hannifin Stock Performance

NYSE:PH opened at $753.71 on Wednesday. The company has a market capitalization of $95.37 billion, a PE ratio of 27.79, a P/E/G ratio of 3.11 and a beta of 1.35. The company has a 50 day simple moving average of $748.74 and a two-hundred day simple moving average of $684.04. 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 fifty-two week low of $488.45 and a fifty-two week high of $779.77.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, topping the consensus estimate of $7.08 by $0.61. The company had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.10 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The company's quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Research analysts anticipate that Parker-Hannifin will post 26.71 earnings per share for the current year.

Insider Activity at Parker-Hannifin

In other news, EVP Joseph R. Leonti sold 4,625 shares of Parker-Hannifin stock in a transaction on Monday, August 25th. The stock was sold at an average price of $750.84, for a total transaction of $3,472,635.00. Following the sale, the executive vice president directly owned 13,878 shares in the company, valued at $10,420,157.52. The trade was a 25.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Angela R. Ives sold 810 shares of Parker-Hannifin stock in a transaction on Friday, August 8th. The stock was sold at an average price of $727.36, for a total value of $589,161.60. Following the sale, the vice president owned 2,798 shares in the company, valued at $2,035,153.28. The trade was a 22.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,039 shares of company stock worth $10,356,566. 0.32% of the stock is owned by company insiders.

Institutional Investors Weigh In On Parker-Hannifin

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Parker-Hannifin by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 11,125,240 shares of the industrial products company's stock valued at $7,770,646,000 after acquiring an additional 101,476 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Parker-Hannifin by 52.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,443,104 shares of the industrial products company's stock valued at $1,485,042,000 after acquiring an additional 842,262 shares during the period. Invesco Ltd. raised its stake in Parker-Hannifin by 1.8% in the 2nd quarter. Invesco Ltd. now owns 2,345,922 shares of the industrial products company's stock valued at $1,638,556,000 after acquiring an additional 41,221 shares during the period. Ameriprise Financial Inc. raised its stake in Parker-Hannifin by 4.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,194,687 shares of the industrial products company's stock valued at $1,533,177,000 after acquiring an additional 92,913 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Parker-Hannifin by 0.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,075,234 shares of the industrial products company's stock valued at $1,449,496,000 after acquiring an additional 14,534 shares during the period. 82.44% of the stock is currently owned by institutional investors.

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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