Parker-Hannifin Corporation (NYSE:PH) Stock Rated “Moderate Buy” by Sell-Side Analysts

Parker-Hannifin Corporation (NYSE:PH) has received an average recommendation of “Moderate Buy” from the nineteen brokerages that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and sixteen have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $1,119.55.

PH has been the topic of several analyst reports. Stifel Nicolaus set a $1,075.00 target price on Parker-Hannifin in a report on Friday, August 7th. BNP Paribas Exane reaffirmed an “outperform” rating and issued a $1,220.00 price objective (up from $1,090.00) on shares of Parker-Hannifin in a research report on Friday, August 7th. KeyCorp lifted their price objective on shares of Parker-Hannifin from $1,100.00 to $1,210.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a research report on Friday, July 17th. Finally, Wall Street Zen downgraded shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd.

Insider Buying and Selling at Parker-Hannifin

In other news, VP Berend Bracht sold 602 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $1,040.47, for a total transaction of $626,362.94. Following the completion of the sale, the vice president directly owned 4,399 shares in the company, valued at $4,577,027.53. This trade represents a 12.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.35% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Parker-Hannifin

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of Parker-Hannifin in the 2nd quarter valued at approximately $10,163,362,000. State Street Corp increased its stake in shares of Parker-Hannifin by 0.5% in the second quarter. State Street Corp now owns 9,385,389 shares of the industrial products company’s stock worth $9,180,037,000 after buying an additional 42,548 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Parker-Hannifin in the second quarter worth $3,273,507,000. Capital World Investors increased its position in shares of Parker-Hannifin by 0.6% in the 4th quarter. Capital World Investors now owns 2,600,844 shares of the industrial products company’s stock worth $2,286,038,000 after purchasing an additional 16,703 shares during the last quarter. Finally, Nuveen LLC raised its stake in Parker-Hannifin by 7.4% during the fourth quarter. Nuveen LLC now owns 1,367,683 shares of the industrial products company’s stock valued at $1,202,139,000 after buying an additional 94,343 shares in the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Parker-Hannifin Stock Performance

NYSE:PH opened at $973.64 on Wednesday. The firm’s fifty day simple moving average is $987.98 and its 200 day simple moving average is $946.28. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 0.44. Parker-Hannifin has a twelve month low of $715.37 and a twelve month high of $1,099.94. The firm has a market capitalization of $122.79 billion, a price-to-earnings ratio of 34.17, a PEG ratio of 2.98 and a beta of 1.12.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, August 6th. The industrial products company reported $9.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.31 by $0.96. The firm had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.57 billion. Parker-Hannifin had a return on equity of 28.48% and a net margin of 16.97%.The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $7.69 EPS. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. As a group, equities research analysts expect that Parker-Hannifin will post 35.02 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Monday, August 31st were given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, August 31st. Parker-Hannifin’s dividend payout ratio is presently 28.08%.

About Parker-Hannifin

Parker-Hannifin Corporation is a diversified manufacturer of motion and control technologies. The company develops and produces components and systems that manage the movement and control of liquids, gases and mechanical force across industrial, mobile and aerospace applications.

Its product portfolio includes hydraulic and pneumatic systems, electromechanical technologies, filtration and fluid-management equipment, seals and shielding products, connectors, pumps, valves, sensors, thermal-management solutions and related engineered systems.