Parker-Hannifin (NYSE:PH) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen lowered shares of Parker-Hannifin (NYSE:PH) from a buy rating to a hold rating in a report published on Sunday morning.

A number of other research firms have also recently commented on PH. Susquehanna reissued a “positive” rating and set a $1,000.00 target price on shares of Parker-Hannifin in a research report on Wednesday, November 12th. KeyCorp increased their price objective on Parker-Hannifin from $935.00 to $1,050.00 and gave the company an “overweight” rating in a report on Tuesday, January 6th. Argus reissued a “buy” rating and issued a $900.00 price objective on shares of Parker-Hannifin in a research report on Monday, November 10th. Mizuho upped their target price on Parker-Hannifin from $800.00 to $825.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Finally, Robert W. Baird increased their price target on Parker-Hannifin from $930.00 to $960.00 and gave the company an “outperform” rating in a research note on Wednesday, November 12th. Sixteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $932.11.

Parker-Hannifin Price Performance

Shares of PH stock opened at $922.18 on Friday. The stock’s 50-day moving average is $863.45 and its 200 day moving average is $783.64. Parker-Hannifin has a 1-year low of $488.45 and a 1-year high of $933.33. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.07 and a quick ratio of 0.61. The company has a market cap of $116.37 billion, a P/E ratio of 32.85, a PEG ratio of 3.20 and a beta of 1.25.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 EPS 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 business had revenue of $5.08 billion during the quarter, compared to analyst estimates of $4.94 billion. During the same period in the prior year, the firm posted $6.20 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. 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. Research analysts predict that Parker-Hannifin will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 7th were paid 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 other Parker-Hannifin news, VP Rachid Bendali sold 1,437 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $852.99, for a total value of $1,225,746.63. Following the sale, the vice president directly owned 2,714 shares of the company’s stock, valued at approximately $2,315,014.86. This represents a 34.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Berend Bracht sold 3,507 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $864.58, for a total value of $3,032,082.06. Following the sale, the vice president directly owned 2,580 shares in the company, valued at $2,230,616.40. This represents a 57.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 7,432 shares of company stock valued at $6,484,116 in the last ninety days. Insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On Parker-Hannifin

Hedge funds have recently modified their holdings of the company. Texas Capital Bancshares Inc TX purchased a new position in shares of Parker-Hannifin in the 3rd quarter valued at about $25,000. Chilton Capital Management LLC purchased a new position in Parker-Hannifin during the third quarter worth approximately $29,000. Ameriflex Group Inc. grew its holdings in Parker-Hannifin by 366.7% in the third quarter. Ameriflex Group Inc. now owns 42 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 33 shares during the period. Interchange Capital Partners LLC purchased a new stake in shares of Parker-Hannifin in the second quarter valued at approximately $31,000. Finally, Morse Asset Management Inc raised its stake in shares of Parker-Hannifin by 164.7% during the 3rd quarter. Morse Asset Management Inc now owns 45 shares of the industrial products company’s stock worth $34,000 after buying an additional 28 shares during the period. 82.44% of the stock is owned by hedge funds and other institutional investors.

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.