Parker-Hannifin (NYSE:PH) Price Target Raised to $869.00

Parker-Hannifin (NYSE:PH) had its target price lifted by Stifel Nicolaus from $850.00 to $869.00 in a report issued on Tuesday, MarketBeat.com reports. They currently have a hold rating on the industrial products company’s stock.

A number of other brokerages have also recently commented on PH. Citigroup lifted their target price on shares of Parker-Hannifin from $960.00 to $1,006.00 and gave the company a “buy” rating in a report on Monday, December 8th. The Goldman Sachs Group lifted their price objective on shares of Parker-Hannifin from $900.00 to $1,000.00 and gave the company a “buy” rating in a research note on Tuesday. Cowen reaffirmed a “hold” rating on shares of Parker-Hannifin in a report on Friday, August 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a report on Wednesday, October 8th. Finally, KeyCorp upped their price objective on Parker-Hannifin from $825.00 to $935.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Fifteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Parker-Hannifin currently has a consensus rating of “Moderate Buy” and an average price target of $911.65.

Parker-Hannifin Stock Up 0.5%

PH opened at $867.42 on Tuesday. Parker-Hannifin has a one year low of $488.45 and a one year high of $908.35. 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 capitalization of $109.46 billion, a P/E ratio of 30.90, a price-to-earnings-growth ratio of 3.00 and a beta of 1.25. The business’s 50-day simple moving average is $817.48 and its 200-day simple moving average is $756.26.

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

Parker-Hannifin Dividend Announcement

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

Insider Activity

In other Parker-Hannifin news, VP Berend Bracht sold 3,507 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $864.58, for a total transaction of $3,032,082.06. Following the sale, the vice president directly owned 2,580 shares in the company, valued at approximately $2,230,616.40. The trade was a 57.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the vice president directly owned 2,714 shares in the company, valued at approximately $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. Insiders sold 7,432 shares of company stock valued at $6,484,116 in the last three months. 0.32% of the stock is currently owned by company insiders.

Institutional Trading of Parker-Hannifin

Institutional investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC boosted its stake in Parker-Hannifin by 20.1% during the 2nd quarter. Quadrant Capital Group LLC now owns 3,610 shares of the industrial products company’s stock valued at $2,521,000 after purchasing an additional 604 shares in the last quarter. Inspire Investing LLC lifted its holdings in shares of Parker-Hannifin by 5.1% in the first quarter. Inspire Investing LLC now owns 12,386 shares of the industrial products company’s stock valued at $7,529,000 after buying an additional 596 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Parker-Hannifin during the second quarter worth about $733,000. Geneos Wealth Management Inc. grew its holdings in Parker-Hannifin by 20.9% during the first quarter. Geneos Wealth Management Inc. now owns 2,194 shares of the industrial products company’s stock worth $1,334,000 after acquiring an additional 379 shares during the period. Finally, Vanguard Group Inc. raised its position in Parker-Hannifin by 0.9% in the second quarter. Vanguard Group Inc. now owns 11,125,240 shares of the industrial products company’s stock worth $7,770,646,000 after acquiring an additional 101,476 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 manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.