Wall Street Zen Downgrades Parker-Hannifin (NYSE:PH) to Hold

Parker-Hannifin (NYSE:PH) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Other analysts have also recently issued reports about the company. The Goldman Sachs Group raised their target price on Parker-Hannifin from $900.00 to $1,000.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. 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 report on Wednesday, November 12th. Susquehanna reaffirmed a “positive” rating and issued a $1,000.00 price objective on shares of Parker-Hannifin in a report on Wednesday, November 12th. KeyCorp increased their target price on shares of Parker-Hannifin from $935.00 to $1,050.00 and gave the company an “overweight” rating in a research report on Tuesday, January 6th. Finally, Argus restated a “buy” rating and set a $900.00 price target on shares of Parker-Hannifin in a research report on Monday, November 10th. Seventeen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $950.17.

Parker-Hannifin Stock Performance

Shares of PH opened at $915.58 on Tuesday. The firm has a fifty day moving average of $892.87 and a 200-day moving average of $803.70. The company has a market cap of $115.54 billion, a price-to-earnings ratio of 32.62, a price-to-earnings-growth ratio of 3.22 and a beta of 1.25. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.61 and a current ratio of 1.07. Parker-Hannifin has a 1 year low of $488.45 and a 1 year high of $954.30.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Thursday, November 6th. The industrial products company reported $7.22 earnings per share for the quarter, beating the consensus estimate of $6.62 by $0.60. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. The firm had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.94 billion. During the same period last year, the firm posted $6.20 EPS. Parker-Hannifin’s quarterly revenue was up 3.7% compared to the same quarter last year. 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, equities analysts anticipate that Parker-Hannifin will post 26.71 earnings per share for the current year.

Insider Buying and Selling at Parker-Hannifin

In other news, VP Rachid Bendali sold 1,437 shares of the company’s 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 completion of the sale, the vice president directly owned 2,714 shares of the company’s stock, valued at $2,315,014.86. This represents a 34.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Berend Bracht sold 3,507 shares of the stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $864.58, for a total value of $3,032,082.06. Following the completion of 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 position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 7,432 shares of company stock valued at $6,484,116. Corporate insiders own 0.32% of the company’s stock.

Institutional Trading of Parker-Hannifin

A number of hedge funds have recently modified their holdings of the business. Texas Capital Bancshares Inc TX acquired a new position in Parker-Hannifin during the third quarter valued at $25,000. Mowery & Schoenfeld Wealth Management LLC increased its holdings in shares of Parker-Hannifin by 80.0% in the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 16 shares during the period. Chilton Capital Management LLC purchased a new stake in shares of Parker-Hannifin in the third quarter worth approximately $29,000. Ameriflex Group Inc. boosted its holdings in shares of Parker-Hannifin by 366.7% during the third quarter. Ameriflex Group Inc. now owns 42 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 33 shares during the period. Finally, Avion Wealth grew its position in Parker-Hannifin by 35.5% during the fourth quarter. Avion Wealth now owns 42 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 11 shares in the last quarter. Hedge funds and other institutional investors own 82.44% of the company’s stock.

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.