Parker-Hannifin (NYSE:PH) Earns Buy Rating from Argus

Parker-Hannifin (NYSE:PH)‘s stock had its “buy” rating reiterated by equities research analysts at Argus in a research report issued on Monday,Benzinga reports. They presently have a $900.00 price target on the industrial products company’s stock. Argus’ target price suggests a potential upside of 7.15% from the company’s current price.

Other analysts have also issued research reports about the company. Citigroup upped their target price on Parker-Hannifin from $831.00 to $874.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Evercore ISI reaffirmed an “outperform” rating on shares of Parker-Hannifin in a report on Tuesday, August 19th. Deutsche Bank Aktiengesellschaft downgraded shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price target for the company. in a report on Thursday, September 4th. Stifel Nicolaus reduced their target price 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. Finally, KeyCorp upped their price target on shares of Parker-Hannifin from $825.00 to $935.00 and gave the company an “overweight” rating in a research report on Friday. Thirteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $835.71.

Parker-Hannifin Price Performance

NYSE:PH traded down $4.09 on Monday, reaching $839.92. The stock had a trading volume of 57,597 shares, compared to its average volume of 704,644. Parker-Hannifin has a 1-year low of $488.45 and a 1-year high of $851.86. The company has a market capitalization of $106.29 billion, a P/E ratio of 31.01, a price-to-earnings-growth ratio of 3.21 and a beta of 1.37. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. The stock has a fifty day moving average price of $758.48 and a 200-day moving average price of $714.41.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.62 by $0.60. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The business had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.94 billion. During the same quarter in the prior year, the firm posted $6.20 earnings per share. The firm’s revenue for the quarter 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. FY 2026 guidance at 29.600-30.400 EPS. Research analysts forecast that Parker-Hannifin will post 26.71 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Joseph R. Leonti sold 4,625 shares of Parker-Hannifin stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $750.84, for a total value of $3,472,635.00. Following the completion of the sale, the executive vice president directly owned 13,878 shares in the company, valued at approximately $10,420,157.52. This trade represents a 25.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Parker-Hannifin

Large investors have recently made changes to their positions in the business. Brighton Jones LLC increased its holdings in shares of 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 buying an additional 101 shares during the last quarter. Bison Wealth LLC lifted its position in shares of Parker-Hannifin by 4.5% during 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. Allworth Financial LP boosted its position in shares of Parker-Hannifin by 6.9% in the 1st quarter. Allworth Financial LP now owns 514 shares of the industrial products company’s stock worth $307,000 after purchasing an additional 33 shares in the last quarter. Diversify Wealth Management LLC acquired a new stake in Parker-Hannifin in the first quarter worth about $215,000. Finally, Ballentine Partners LLC raised its holdings in shares of Parker-Hannifin by 4.4% in the first quarter. Ballentine Partners LLC now owns 1,657 shares of the industrial products company’s stock worth $1,007,000 after buying an additional 70 shares during the last quarter. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

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.