Parker-Hannifin (NYSE:PH) Stock Rating Lowered by Wall Street Zen

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

Several other brokerages have also recently issued reports on PH. The Goldman Sachs Group lifted their price objective on shares of Parker-Hannifin from $1,071.00 to $1,165.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. UBS Group set a $950.00 target price on Parker-Hannifin in a research note on Wednesday, October 14th. JPMorgan Chase & Co. decreased their price target on shares of Parker-Hannifin from $1,140.00 to $1,131.00 and set an “overweight” rating on the stock in a research note on Friday, October 9th. KeyCorp increased their price objective on shares of Parker-Hannifin from $1,100.00 to $1,210.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $1,214.00 price target (up from $1,068.00) on shares of Parker-Hannifin in a research note on Friday, August 7th. Eighteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,146.35.

Parker-Hannifin Stock Performance

NYSE:PH opened at $915.21 on Friday. The company has a market capitalization of $115.42 billion, a PE ratio of 28.73, a P/E/G ratio of 2.59 and a beta of 1.15. The company has a 50 day simple moving average of $946.34 and a two-hundred day simple moving average of $949.24. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.74 and a current ratio of 1.26. Parker-Hannifin has a fifty-two week low of $806.22 and a fifty-two week high of $1,099.94.

Parker-Hannifin (NYSE:PH) last announced its earnings results on Thursday, November 5th. The industrial products company reported $8.90 earnings per share for the quarter, beating analysts’ consensus estimates of $8.21 by $0.69. The business had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.81 billion. Parker-Hannifin had a net margin of 16.97% and a return on equity of 28.48%. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter last year, the firm earned $7.22 earnings per share. Parker-Hannifin has set its FY 2027 guidance at 36.450-37.250 EPS. Research analysts anticipate that Parker-Hannifin will post 35.72 earnings per share for the current year.

Insider Transactions at Parker-Hannifin

In other Parker-Hannifin news, VP Berend Bracht sold 602 shares of the firm’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $1,040.47, for a total value of $626,362.94. Following the completion of the transaction, the vice president directly owned 4,399 shares of the company’s stock, valued at $4,577,027.53. This trade represents a 12.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.35% of the company’s stock.

Hedge Funds Weigh In On Parker-Hannifin

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. E Fund Management Co. Ltd. increased its position in shares of Parker-Hannifin by 2.1% in the 2nd quarter. E Fund Management Co. Ltd. now owns 477 shares of the industrial products company’s stock valued at $467,000 after purchasing an additional 10 shares during the last quarter. Allen Capital Group LLC grew its stake in shares of Parker-Hannifin by 4.8% in the 1st quarter. Allen Capital Group LLC now owns 264 shares of the industrial products company’s stock worth $236,000 after purchasing an additional 12 shares during the last quarter. Doliver Advisors LP raised its stake in shares of Parker-Hannifin by 0.6% during the 2nd quarter. Doliver Advisors LP now owns 2,011 shares of the industrial products company’s stock worth $1,967,000 after purchasing an additional 12 shares in the last quarter. Bullock Wealth Management Group grew its position in Parker-Hannifin by 1.6% in the 3rd quarter. Bullock Wealth Management Group now owns 754 shares of the industrial products company’s stock worth $728,000 after purchasing an additional 12 shares during the last quarter. Finally, Wedbush Securities Inc. grew its position in Parker-Hannifin by 0.8% during the 3rd quarter. Wedbush Securities Inc. now owns 1,510 shares of the industrial products company’s stock worth $1,442,000 after acquiring an additional 12 shares during the last quarter. Hedge funds and other institutional investors own 82.44% of the company’s stock.

More Parker-Hannifin News

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

• Positive Sentiment: Results and outlook topped expectations. Fiscal Q1 sales rose 18% to a record $6.0 billion, with organic growth of 11.5%. Adjusted EPS of $8.90 beat the $8.21 consensus estimate. PH raised FY2027 adjusted EPS guidance to $36.45–$37.25, above analyst estimates, and forecast revenue of $24.9–$25.6 billion, also ahead of consensus. Company earnings release
• Positive Sentiment: Broad demand and operating performance strengthened the growth case. Management cited increased demand across market verticals and record backlog levels. Adjusted segment operating margin expanded to 28.6%, up 120 basis points year over year; the company also raised its outlook for organic sales growth, margins and free cash flow. Zacks earnings analysis
• Neutral Sentiment: Truist lowered its price target but maintained a Buy rating. The firm cut its target to $1,237 from $1,358, a less bullish valuation view that nonetheless remains consistent with a positive recommendation. Truist price-target update
• Neutral Sentiment: PH is scheduled to present at the Robert W. Baird Global Industrial Conference on November 10. The announcement did not provide new financial details. Conference announcement

Parker-Hannifin Company Profile

Parker-Hannifin is a global manufacturer of motion and control technologies. Its products include hydraulic and pneumatic systems, fluid connectors, filtration and sealing products, electromechanical components, and systems for aerospace and climate control applications.

The company serves customers across industries such as aerospace, manufacturing, transportation, energy, and life sciences. Its operations span markets around the world, with businesses organized around industrial and aerospace products and services.

Founded in 1917 by Arthur L.