Parker-Hannifin (NYSE:PH) Price Target Raised to $925.00 at Wells Fargo & Company

Parker-Hannifin (NYSE:PH) had its price objective raised by Wells Fargo & Company from $840.00 to $925.00 in a research note released on Friday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the industrial products company’s stock.

A number of other equities research analysts have also recently weighed in on the company. Evercore ISI reaffirmed an “outperform” rating on shares of Parker-Hannifin in a report on Tuesday, August 19th. Truist Financial reiterated a “buy” rating and issued a $977.00 target price (up previously from $910.00) on shares of Parker-Hannifin in a research report on Friday. Stifel Nicolaus dropped their price target on shares of Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating on the stock in a research report on Monday, October 20th. Mizuho increased their price objective on shares of Parker-Hannifin from $800.00 to $825.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Finally, Wall Street Zen upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. Twelve equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and an average price target of $822.76.

Parker-Hannifin Stock Performance

PH traded up $9.74 during trading on Friday, reaching $843.89. 975,444 shares of the company were exchanged, compared to its average volume of 707,783. Parker-Hannifin has a 52 week low of $488.45 and a 52 week high of $851.86. 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 firm has a 50 day moving average of $758.48 and a 200 day moving average of $712.46. The stock has a market cap of $106.79 billion, a P/E ratio of 31.12, a PEG ratio of 3.21 and a beta of 1.37.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.62 by $0.60. The company 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 firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the business 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, sell-side analysts forecast that Parker-Hannifin will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.9%. Parker-Hannifin’s dividend payout ratio (DPR) is 26.55%.

Insider Transactions at Parker-Hannifin

In related news, EVP Joseph R. Leonti sold 4,625 shares of Parker-Hannifin stock in a transaction on Monday, August 25th. The shares were 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 owned 13,878 shares of the company’s stock, valued at approximately $10,420,157.52. The trade was a 25.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.32% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Chilton Capital Management LLC bought a new stake in Parker-Hannifin in the 3rd quarter valued at $29,000. Wealth Preservation Advisors LLC acquired a new position in shares of Parker-Hannifin during the first quarter valued at about $27,000. Interchange Capital Partners LLC bought a new stake in shares of Parker-Hannifin in the second quarter valued at about $31,000. Valley Wealth Managers Inc. acquired a new stake in Parker-Hannifin during the third quarter worth about $36,000. Finally, Saudi Central Bank bought a new position in Parker-Hannifin during the first quarter valued at about $31,000. 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.