Shares of Parker-Hannifin Corporation (NYSE:PH – Get Free Report) have received a consensus rating of “Moderate Buy” from the twenty-two analysts that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and eighteen have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $1,091.3810.
Several research firms have commented on PH. BNP Paribas Exane reissued an “outperform” rating and set a $1,220.00 target price (up from $1,090.00) on shares of Parker-Hannifin in a research report on Friday. Citigroup boosted their price target on Parker-Hannifin from $1,141.00 to $1,232.00 and gave the stock a “buy” rating in a research report on Friday. KeyCorp increased their price objective on Parker-Hannifin from $1,100.00 to $1,210.00 and gave the company an “overweight” rating in a report on Friday. Mizuho set a $1,050.00 price objective on Parker-Hannifin in a research note on Friday, May 1st. Finally, Wall Street Zen raised Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Saturday.
Check Out Our Latest Stock Report on PH
Parker-Hannifin Trading Down 1.2%
Parker-Hannifin (NYSE:PH – Get Free Report) last posted its earnings results on Thursday, August 6th. The industrial products company reported $9.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.31 by $0.96. The firm had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.57 billion. Parker-Hannifin had a net margin of 16.97% and a return on equity of 28.48%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company earned $7.69 earnings per share. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. On average, research analysts forecast that Parker-Hannifin will post 34.5 EPS for the current fiscal year.
Institutional Trading of Parker-Hannifin
Several large investors have recently modified their holdings of PH. Fideuram Asset Management Ireland dac bought a new position in Parker-Hannifin during the 4th quarter valued at about $1,253,000. Truist Financial Corp grew its stake in Parker-Hannifin by 2.7% during the fourth quarter. Truist Financial Corp now owns 174,852 shares of the industrial products company’s stock worth $153,687,000 after buying an additional 4,673 shares during the last quarter. BCS Wealth Management increased its holdings in shares of Parker-Hannifin by 83.3% during the fourth quarter. BCS Wealth Management now owns 3,120 shares of the industrial products company’s stock worth $2,742,000 after buying an additional 1,418 shares in the last quarter. Shepherd Street Advisors LLC acquired a new stake in shares of Parker-Hannifin during the fourth quarter worth approximately $1,736,000. Finally, Horizon Investments LLC raised its stake in shares of Parker-Hannifin by 78.8% in the fourth quarter. Horizon Investments LLC now owns 8,829 shares of the industrial products company’s stock valued at $7,760,000 after acquiring an additional 3,892 shares during the last quarter. 82.44% of the stock is 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.
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