Parker-Hannifin (NYSE:PH) Given New $906.00 Price Target at Barclays

Parker-Hannifin (NYSE:PH) had its target price upped by analysts at Barclays from $785.00 to $906.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the industrial products company’s stock. Barclays‘s target price indicates a potential upside of 6.98% from the company’s previous close.

A number of other research firms have also weighed in on PH. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a research report on Wednesday, October 8th. Wells Fargo & Company lifted their price objective on Parker-Hannifin from $800.00 to $840.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. Raymond James Financial boosted their price objective on Parker-Hannifin from $735.00 to $845.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Citigroup upped their price target on Parker-Hannifin from $831.00 to $874.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Finally, Susquehanna raised their price objective on shares of Parker-Hannifin from $860.00 to $960.00 and gave the stock a “positive” rating in a research note on Friday. Twelve equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $822.76.

Parker-Hannifin Stock Up 1.5%

NYSE:PH traded up $12.73 during trading hours on Friday, hitting $846.88. 564,872 shares of the company’s stock traded hands, compared to its average volume of 705,771. The stock’s fifty day moving average price is $756.80 and its two-hundred day moving average price is $710.40. The firm has a market cap of $107.17 billion, a P/E ratio of 31.25, a P/E/G ratio of 3.21 and a beta of 1.37. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. Parker-Hannifin has a twelve month low of $488.45 and a twelve month high of $851.86.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 EPS for the quarter, topping the consensus estimate of $6.62 by $0.60. The company had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.94 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. Parker-Hannifin’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $6.20 EPS. 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, research analysts expect that Parker-Hannifin will post 26.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Joseph R. Leonti sold 4,625 shares of the 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 directly owned 13,878 shares in the company, valued at $10,420,157.52. This represents a 25.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.32% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Parker-Hannifin

Several large investors have recently made changes to their positions in the company. Inspire Investing LLC grew its stake in shares of Parker-Hannifin by 5.1% during the 1st quarter. Inspire Investing LLC now owns 12,386 shares of the industrial products company’s stock worth $7,529,000 after acquiring an additional 596 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Parker-Hannifin by 20.9% during the first quarter. Geneos Wealth Management Inc. now owns 2,194 shares of the industrial products company’s stock worth $1,334,000 after purchasing an additional 379 shares during the last quarter. Banco Santander S.A. grew its position in Parker-Hannifin by 70.2% in the first quarter. Banco Santander S.A. now owns 35,645 shares of the industrial products company’s stock valued at $21,667,000 after purchasing an additional 14,705 shares in the last quarter. Citizens Financial Group Inc. RI increased its stake in Parker-Hannifin by 10.6% in the 1st quarter. Citizens Financial Group Inc. RI now owns 32,935 shares of the industrial products company’s stock valued at $20,020,000 after buying an additional 3,147 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in Parker-Hannifin in the 1st quarter valued at $247,000. Institutional investors and hedge funds 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.