Parker-Hannifin (NYSE:PH) Reaches New 1-Year High – Here’s What Happened

Parker-Hannifin Corporation (NYSE:PH)’s share price hit a new 52-week high on Monday . The company traded as high as $909.48 and last traded at $915.2440, with a volume of 58365 shares. The stock had previously closed at $893.98.

Wall Street Analyst Weigh In

Several research analysts have commented on PH shares. Robert W. Baird upped their target price on shares of Parker-Hannifin from $930.00 to $960.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 12th. Mizuho lifted their target price on Parker-Hannifin from $800.00 to $825.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Wall Street Zen raised Parker-Hannifin from a “hold” rating to a “buy” rating in a research note on Saturday. 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, December 16th. Finally, Barclays increased their target price on shares of Parker-Hannifin from $906.00 to $950.00 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Fifteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $911.65.

Parker-Hannifin Price Performance

The firm has a market capitalization of $115.10 billion, a P/E ratio of 32.50, a P/E/G ratio of 3.11 and a beta of 1.25. The business’s fifty day moving average is $849.23 and its 200 day moving average is $774.79. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.54.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $4.94 billion. During the same quarter in the previous year, the business posted $6.20 earnings per share. The firm’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, analysts forecast that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

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

Insider Activity

In related news, COO Andrew D. Ross sold 2,488 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $894.81, for a total transaction of $2,226,287.28. Following the completion of the sale, the chief operating officer directly owned 13,120 shares in the company, valued at approximately $11,739,907.20. This trade represents a 15.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction, the vice president owned 2,580 shares in the company, valued at approximately $2,230,616.40. This represents a 57.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 7,432 shares of company stock worth $6,484,116. 0.32% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Parker-Hannifin

Institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC raised its holdings in Parker-Hannifin by 5.9% in the 4th quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company’s stock worth $1,150,000 after acquiring an additional 101 shares during the period. Bison Wealth LLC grew its stake in shares of Parker-Hannifin by 4.5% in the fourth quarter. Bison Wealth LLC now owns 749 shares of the industrial products company’s stock worth $476,000 after acquiring an additional 32 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in Parker-Hannifin by 20.7% during the first quarter. Integrated Wealth Concepts LLC now owns 1,668 shares of the industrial products company’s stock worth $1,014,000 after acquiring an additional 286 shares during the period. NewEdge Advisors LLC boosted its holdings in Parker-Hannifin by 4.7% in the 1st quarter. NewEdge Advisors LLC now owns 13,677 shares of the industrial products company’s stock valued at $8,314,000 after purchasing an additional 618 shares during the period. Finally, UniSuper Management Pty Ltd increased its holdings in shares of Parker-Hannifin by 6.9% during the 1st quarter. UniSuper Management Pty Ltd now owns 9,337 shares of the industrial products company’s stock worth $5,675,000 after purchasing an additional 605 shares during the period. 82.44% of the stock is currently owned by institutional investors.

Parker-Hannifin Company Profile

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.