Parker-Hannifin (NYSE:PH) Earns Overweight Rating from Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of Parker-Hannifin (NYSE:PH) in a note issued to investors on Tuesday. The firm set an “overweight” rating and a $1,050.00 price target on the industrial products company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 15.66% from the stock’s previous close.

PH has been the subject of several other reports. Mizuho lifted their price objective on shares of Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Wells Fargo & Company raised their target price on shares of Parker-Hannifin from $840.00 to $925.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Robert W. Baird raised their price target on Parker-Hannifin from $930.00 to $960.00 and gave the company an “outperform” rating in a research note on Wednesday, November 12th. Citigroup upped their price objective on shares of Parker-Hannifin from $960.00 to $1,006.00 and gave the stock a “buy” rating in a research note on Monday, December 8th. Finally, Stifel Nicolaus raised their target price on shares of Parker-Hannifin from $850.00 to $869.00 and gave the company a “hold” rating in a research report on Tuesday, December 16th. Sixteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Parker-Hannifin presently has an average rating of “Moderate Buy” and a consensus target price of $925.72.

Parker-Hannifin Trading Up 1.5%

Shares of NYSE PH opened at $907.83 on Tuesday. Parker-Hannifin has a 1-year low of $488.45 and a 1-year high of $917.67. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.07 and a quick ratio of 0.61. The business’s 50 day moving average is $851.88 and its two-hundred day moving average is $776.59. The stock has a market capitalization of $114.56 billion, a P/E ratio of 32.34, a PEG ratio of 3.11 and a beta of 1.25.

Parker-Hannifin (NYSE:PH) last announced its earnings results on Thursday, November 6th. The industrial products company reported $7.22 EPS for the quarter, topping analysts’ consensus estimates of $6.62 by $0.60. The firm had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $4.94 billion. Parker-Hannifin had a return on equity of 27.23% and a net margin of 18.17%.The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.20 EPS. 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. As a group, research analysts expect that Parker-Hannifin will post 26.71 EPS for the current year.

Insider Buying and Selling

In related news, VP Rachid Bendali sold 1,437 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $852.99, for a total value of $1,225,746.63. Following the sale, the vice president owned 2,714 shares in the company, valued at $2,315,014.86. This represents a 34.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Andrew D. Ross sold 2,488 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $894.81, for a total transaction of $2,226,287.28. Following the transaction, the chief operating officer directly owned 13,120 shares of the company’s stock, valued at $11,739,907.20. This represents a 15.94% 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 valued at $6,484,116 over the last quarter. 0.32% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Parker-Hannifin

Several hedge funds have recently added to or reduced their stakes in PH. Berkshire Asset Management LLC PA increased its stake in shares of Parker-Hannifin by 1.1% in the 3rd quarter. Berkshire Asset Management LLC PA now owns 1,208 shares of the industrial products company’s stock valued at $916,000 after purchasing an additional 13 shares in the last quarter. Bridgewater Advisors Inc. grew its stake in Parker-Hannifin by 2.3% in the 3rd quarter. Bridgewater Advisors Inc. now owns 567 shares of the industrial products company’s stock valued at $473,000 after acquiring an additional 13 shares during the period. Fidelis Capital Partners LLC increased its holdings in Parker-Hannifin by 1.3% in the 2nd quarter. Fidelis Capital Partners LLC now owns 1,071 shares of the industrial products company’s stock worth $747,000 after acquiring an additional 14 shares in the last quarter. High Net Worth Advisory Group LLC increased its holdings in Parker-Hannifin by 0.3% in the 3rd quarter. High Net Worth Advisory Group LLC now owns 4,694 shares of the industrial products company’s stock worth $3,559,000 after acquiring an additional 14 shares in the last quarter. Finally, Asset Dedication LLC raised its position in Parker-Hannifin by 2.0% during the third quarter. Asset Dedication LLC now owns 702 shares of the industrial products company’s stock worth $532,000 after acquiring an additional 14 shares during the period. 82.44% of the stock is owned by hedge funds and other institutional investors.

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.