Parker-Hannifin’s (PH) Buy Rating Reiterated at Truist Financial

Truist Financial reiterated their buy rating on shares of Parker-Hannifin (NYSE:PH) in a report released on Friday, Marketbeat Ratings reports. They currently have a $977.00 target price on the industrial products company’s stock, up from their prior target price of $910.00.

Other research analysts also recently issued reports about the stock. Wall Street Zen upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. Wells Fargo & Company increased their price objective on shares of Parker-Hannifin from $800.00 to $840.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. Susquehanna raised their target price on shares of Parker-Hannifin from $860.00 to $960.00 and gave the stock a “positive” rating in a report on Friday. Citigroup upped their target price on Parker-Hannifin from $831.00 to $874.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a research report on Wednesday, October 8th. Twelve analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $822.76.

Parker-Hannifin Trading Up 1.2%

NYSE:PH opened at $843.89 on Friday. The company has a market cap of $106.79 billion, a PE ratio of 31.12, a P/E/G ratio of 3.21 and a beta of 1.37. The business’s 50 day moving average is $758.48 and its two-hundred day moving average is $714.41. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. Parker-Hannifin has a 52 week low of $488.45 and a 52 week high of $851.86.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $4.94 billion. During the same period in the previous year, the business earned $6.20 EPS. The business’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. FY 2026 guidance at 29.600-30.400 EPS. On average, analysts predict that Parker-Hannifin will post 26.71 EPS for the current year.

Parker-Hannifin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 7th will be paid a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $7.20 annualized dividend and a yield of 0.9%. Parker-Hannifin’s payout ratio is presently 25.65%.

Insider Activity

In other news, EVP Joseph R. Leonti sold 4,625 shares of the firm’s stock in a transaction 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 transaction, the executive vice president directly owned 13,878 shares of the company’s stock, valued at approximately $10,420,157.52. This trade represents a 25.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.32% of the company’s stock.

Hedge Funds Weigh In On Parker-Hannifin

Several large investors have recently bought and sold shares of PH. Procyon Advisors LLC lifted its holdings in Parker-Hannifin by 158,565.9% in the 3rd quarter. Procyon Advisors LLC now owns 5,069,374 shares of the industrial products company’s stock valued at $3,843,346,000 after acquiring an additional 5,066,179 shares during the last quarter. Norges Bank bought a new stake in shares of Parker-Hannifin in the 2nd quarter worth approximately $1,352,509,000. Nuveen LLC acquired a new stake in Parker-Hannifin during the first quarter valued at approximately $933,089,000. Price T Rowe Associates Inc. MD boosted its holdings in Parker-Hannifin by 52.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,443,104 shares of the industrial products company’s stock worth $1,485,042,000 after buying an additional 842,262 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in Parker-Hannifin by 11.6% in the first quarter. Wellington Management Group LLP now owns 2,009,250 shares of the industrial products company’s stock worth $1,221,323,000 after buying an additional 208,573 shares during the last quarter. Institutional investors and hedge funds 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.