JPMorgan Chase & Co. Issues Positive Forecast for Parker-Hannifin (NYSE:PH) Stock Price

Parker-Hannifin (NYSE:PH) had its target price boosted by JPMorgan Chase & Co. from $1,050.00 to $1,083.00 in a research report released on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the industrial products company’s stock.

A number of other research analysts have also recently issued reports on PH. The Goldman Sachs Group raised their price target on shares of Parker-Hannifin from $900.00 to $1,000.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a research report on Wednesday, October 8th. Stifel Nicolaus lifted their price target on Parker-Hannifin from $850.00 to $869.00 and gave the stock a “hold” rating in a research report on Tuesday, December 16th. BNP Paribas started coverage on Parker-Hannifin in a research report on Thursday, December 4th. They set an “outperform” rating and a $1,020.00 price target for the company. Finally, Argus restated a “buy” rating and issued a $900.00 price objective on shares of Parker-Hannifin in a research note on Monday, November 10th. Seventeen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $946.17.

Parker-Hannifin Trading Down 0.0%

Parker-Hannifin stock opened at $944.14 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.61 and a current ratio of 1.07. The stock has a market cap of $119.14 billion, a PE ratio of 33.64, a price-to-earnings-growth ratio of 3.28 and a beta of 1.25. The stock has a 50-day moving average of $877.39 and a two-hundred day moving average of $790.79. Parker-Hannifin has a one year low of $488.45 and a one year high of $950.00.

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

Parker-Hannifin Announces Dividend

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

Insider Activity at Parker-Hannifin

In other news, COO Andrew D. Ross sold 2,488 shares of Parker-Hannifin stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $894.81, for a total transaction of $2,226,287.28. Following the completion of the transaction, the chief operating officer directly owned 13,120 shares of the company’s stock, valued at $11,739,907.20. The trade was a 15.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Rachid Bendali sold 1,437 shares of the stock in a transaction on 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 sale, the vice president directly owned 2,714 shares in the company, valued at $2,315,014.86. This trade represents a 34.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 7,432 shares of company stock worth $6,484,116. 0.32% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Two Point Capital Management Inc. grew its position in shares of Parker-Hannifin by 0.6% during the 4th quarter. Two Point Capital Management Inc. now owns 14,651 shares of the industrial products company’s stock valued at $12,877,000 after acquiring an additional 85 shares during the period. Perigon Wealth Management LLC boosted its position in Parker-Hannifin by 2.7% during the fourth quarter. Perigon Wealth Management LLC now owns 1,179 shares of the industrial products company’s stock worth $1,037,000 after purchasing an additional 31 shares in the last quarter. Catalina Capital Group LLC purchased a new position in Parker-Hannifin during the fourth quarter worth approximately $214,000. Ellsworth Advisors LLC grew its holdings in Parker-Hannifin by 47.0% in the fourth quarter. Ellsworth Advisors LLC now owns 1,979 shares of the industrial products company’s stock valued at $1,869,000 after purchasing an additional 633 shares during the period. Finally, Trust Co. of Vermont increased its position in shares of Parker-Hannifin by 4.6% in the fourth quarter. Trust Co. of Vermont now owns 1,676 shares of the industrial products company’s stock valued at $1,473,000 after buying an additional 74 shares in the last quarter. Hedge funds and other 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.