Susquehanna Increases Parker-Hannifin (NYSE:PH) Price Target to $960.00

Parker-Hannifin (NYSE:PH) had its target price hoisted by stock analysts at Susquehanna from $860.00 to $960.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “positive” rating on the industrial products company’s stock. Susquehanna’s price target suggests a potential upside of 14.77% from the company’s previous close.

Several other research firms have also issued reports on PH. Stifel Nicolaus cut their price target on shares of Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating on the stock in a report on Monday, October 20th. Raymond James Financial raised their price target on shares of Parker-Hannifin from $735.00 to $845.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Deutsche Bank Aktiengesellschaft lowered Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price target on the stock. in a report on Thursday, September 4th. Cowen reiterated a “hold” rating on shares of Parker-Hannifin in a research report on Friday, August 29th. Finally, Evercore ISI restated an “outperform” rating on shares of Parker-Hannifin in a research note on Tuesday, August 19th. Twelve investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $813.82.

Parker-Hannifin Trading Up 0.3%

Shares of NYSE PH traded up $2.31 during trading hours on Friday, hitting $836.46. 270,304 shares of the company traded hands, compared to its average volume of 704,109. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $105.85 billion, a price-to-earnings ratio of 30.87, a price-to-earnings-growth ratio of 3.21 and a beta of 1.37. Parker-Hannifin has a 12 month low of $488.45 and a 12 month high of $851.86. The company’s 50 day moving average price is $756.80 and its 200 day moving average price is $710.40.

Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, November 6th. The industrial products company reported $7.22 EPS for the quarter, beating analysts’ consensus estimates of $6.62 by $0.60. The firm had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $4.94 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.20 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS. FY 2026 guidance at 29.600-30.400 EPS. On average, equities research analysts anticipate that Parker-Hannifin will post 26.71 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Joseph R. Leonti sold 4,625 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $750.84, for a total transaction of $3,472,635.00. Following the sale, the executive vice president owned 13,878 shares of the company’s stock, valued at $10,420,157.52. The trade was a 25.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On Parker-Hannifin

A number of institutional investors have recently added to or reduced their stakes in PH. Brighton Jones LLC increased its position in shares of Parker-Hannifin by 5.9% in the fourth 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 in the last quarter. Bison Wealth LLC increased its holdings in Parker-Hannifin by 4.5% in the fourth quarter. Bison Wealth LLC now owns 749 shares of the industrial products company’s stock valued at $476,000 after buying an additional 32 shares during the last quarter. Axxcess Wealth Management LLC lifted its stake in Parker-Hannifin by 17.4% during the first quarter. Axxcess Wealth Management LLC now owns 818 shares of the industrial products company’s stock worth $497,000 after purchasing an additional 121 shares during the last quarter. Leavell Investment Management Inc. grew its position in shares of Parker-Hannifin by 3.2% during the 1st quarter. Leavell Investment Management Inc. now owns 4,118 shares of the industrial products company’s stock valued at $2,503,000 after buying an additional 129 shares during the last quarter. Finally, Allworth Financial LP increased its position in Parker-Hannifin by 6.9% in the first quarter. Allworth Financial LP now owns 514 shares of the industrial products company’s stock worth $307,000 after buying an additional 33 shares during the period. Hedge funds and other institutional investors own 82.44% of the company’s stock.

About Parker-Hannifin

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.