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

Shares of Parker-Hannifin Corporation (NYSE:PHGet Free Report) have received a consensus rating of “Moderate Buy” from the twenty-one brokerages that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $1,012.45.

A number of research analysts have recently weighed in on PH shares. Wall Street Zen raised Parker-Hannifin from a “hold” rating to a “buy” rating in a report on Wednesday, February 4th. BMO Capital Markets began coverage on Parker-Hannifin in a research report on Friday, March 27th. They issued an “outperform” rating and a $1,090.00 target price on the stock. Robert W. Baird set a $1,050.00 price target on shares of Parker-Hannifin in a report on Friday, January 30th. Mizuho set a $1,050.00 price target on shares of Parker-Hannifin in a research report on Friday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Parker-Hannifin from $1,083.00 to $1,100.00 and gave the company an “overweight” rating in a research note on Friday, January 30th.

Read Our Latest Research Report on PH

Parker-Hannifin Trading Down 3.0%

NYSE:PH opened at $881.74 on Friday. The company has a market capitalization of $111.29 billion, a P/E ratio of 32.52, a PEG ratio of 2.84 and a beta of 1.18. The company has a current ratio of 1.13, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46. Parker-Hannifin has a 12 month low of $608.31 and a 12 month high of $1,034.96. The firm has a fifty day simple moving average of $948.12 and a 200-day simple moving average of $901.99.

Parker-Hannifin (NYSE:PHGet Free Report) last released its earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.84 by $0.33. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The firm had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.40 billion. During the same period in the prior year, the firm earned $6.94 EPS. The firm’s revenue was up 10.6% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. On average, equities research analysts anticipate that Parker-Hannifin will post 31.09 earnings per share for the current year.

Parker-Hannifin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 8th will be issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 0.9%. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date of this dividend is Friday, May 8th. Parker-Hannifin’s dividend payout ratio is 26.26%.

Insider Activity at Parker-Hannifin

In other Parker-Hannifin news, VP Matthew A. Jacobson sold 564 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $949.94, for a total value of $535,766.16. Following the sale, the vice president directly owned 1,000 shares of the company’s stock, valued at approximately $949,940. This represents a 36.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Dinu J. Parel sold 1,316 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $950.05, for a total value of $1,250,265.80. Following the sale, the vice president directly owned 6,534 shares in the company, valued at $6,207,626.70. This represents a 16.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 10,063 shares of company stock valued at $9,891,214 over the last ninety days. Corporate insiders own 0.32% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Texas Capital Bancshares Inc TX acquired a new stake in shares of Parker-Hannifin during the 3rd quarter worth approximately $25,000. Chilton Capital Management LLC acquired a new position in shares of Parker-Hannifin in the 3rd quarter valued at $29,000. HFM Investment Advisors LLC lifted its stake in shares of Parker-Hannifin by 1,000.0% in the 4th quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 30 shares during the period. Lloyd Advisory Services LLC. purchased a new stake in Parker-Hannifin during the fourth quarter worth $31,000. Finally, Ameriflex Group Inc. grew its position in Parker-Hannifin by 366.7% during the third quarter. Ameriflex Group Inc. now owns 42 shares of the industrial products company’s stock valued at $32,000 after buying an additional 33 shares during the period. 82.44% of the stock is owned by institutional investors and hedge funds.

Parker-Hannifin News Summary

Here are the key news stories impacting Parker-Hannifin this week:

Parker-Hannifin Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Parker-Hannifin (NYSE:PH)

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