Parker-Hannifin Corporation (NYSE:PH) Given Consensus Rating of “Moderate Buy” by Brokerages

Parker-Hannifin Corporation (NYSE:PH) has received an average rating of “Moderate Buy” from the twenty research firms that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $911.6471.

Several brokerages recently issued reports on PH. BNP Paribas initiated coverage on shares of Parker-Hannifin in a research note on Thursday, December 4th. They issued an “outperform” rating and a $1,020.00 target price for the company. Robert W. Baird raised their price objective on Parker-Hannifin from $930.00 to $960.00 and gave the company an “outperform” rating in a research report on Wednesday, November 12th. Susquehanna reiterated a “positive” rating and set a $1,000.00 target price on shares of Parker-Hannifin in a research note on Wednesday, November 12th. Truist Financial increased their price target on Parker-Hannifin from $977.00 to $1,097.00 and gave the company a “buy” rating in a research note on Thursday, December 18th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a research report on Wednesday, October 8th.

Parker-Hannifin Trading Up 1.6%

NYSE PH opened at $892.99 on Monday. Parker-Hannifin has a 12 month low of $488.45 and a 12 month high of $908.35. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.54. The stock has a 50 day moving average of $849.23 and a 200-day moving average of $774.79. The company has a market cap of $112.69 billion, a PE ratio of 31.81, a PEG ratio of 3.11 and a beta of 1.25.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.62 by $0.60. The firm had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.94 billion. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.20 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS and its FY 2026 guidance at 29.600-30.400 EPS. On average, equities research analysts anticipate that Parker-Hannifin will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 7th were paid a $1.80 dividend. The ex-dividend date was Friday, November 7th. This represents a $7.20 dividend on an annualized basis and a yield of 0.8%. Parker-Hannifin’s dividend payout ratio is 25.65%.

Insiders Place Their Bets

In other Parker-Hannifin news, VP Rachid Bendali sold 1,437 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $852.99, for a total transaction of $1,225,746.63. Following the completion of the transaction, the vice president owned 2,714 shares of the company’s stock, valued at approximately $2,315,014.86. The trade was a 34.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Berend Bracht sold 3,507 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $864.58, for a total transaction of $3,032,082.06. Following the transaction, the vice president owned 2,580 shares of the company’s stock, valued at $2,230,616.40. This trade represents a 57.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 7,432 shares of company stock worth $6,484,116 over the last three months. Insiders own 0.32% of the company’s stock.

Institutional Trading of Parker-Hannifin

Several institutional investors have recently modified their holdings of the business. Swiss Life Asset Management Ltd grew its holdings in Parker-Hannifin by 14.3% in the third quarter. Swiss Life Asset Management Ltd now owns 36,990 shares of the industrial products company’s stock worth $28,044,000 after purchasing an additional 4,631 shares during the period. Groupama Asset Managment increased its stake in Parker-Hannifin by 9.8% in the 3rd quarter. Groupama Asset Managment now owns 166,089 shares of the industrial products company’s stock valued at $125,920,000 after buying an additional 14,836 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of Parker-Hannifin during the 3rd quarter worth approximately $13,365,000. Achmea Investment Management B.V. boosted its stake in shares of Parker-Hannifin by 79.3% in the 3rd quarter. Achmea Investment Management B.V. now owns 28,731 shares of the industrial products company’s stock worth $21,782,000 after buying an additional 12,707 shares during the last quarter. Finally, Oarsman Capital Inc. grew its holdings in shares of Parker-Hannifin by 4.4% in the third quarter. Oarsman Capital Inc. now owns 3,969 shares of the industrial products company’s stock valued at $3,009,000 after acquiring an additional 166 shares in the last quarter. Institutional investors own 82.44% of the company’s stock.

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.