Parker-Hannifin Corporation (NYSE:PH – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-two research firms that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and eighteen have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $1,027.3810.
PH has been the subject of a number of analyst reports. BMO Capital Markets initiated coverage on shares of Parker-Hannifin in a research note on Friday, March 27th. They set an “outperform” rating and a $1,090.00 price objective for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a research report on Tuesday, April 21st. JPMorgan Chase & Co. cut their price target on shares of Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. Sanford C. Bernstein restated an “outperform” rating and issued a $1,037.00 price target on shares of Parker-Hannifin in a research report on Thursday. Finally, Citigroup reaffirmed a “buy” rating on shares of Parker-Hannifin in a research note on Monday, June 8th.
Read Our Latest Analysis on Parker-Hannifin
Parker-Hannifin Stock Performance
Parker-Hannifin (NYSE:PH – Get Free Report) last announced its earnings results on Thursday, April 30th. The industrial products company reported $8.17 EPS for the quarter, beating the consensus estimate of $7.84 by $0.33. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The business had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.40 billion. During the same period in the prior year, the business posted $6.94 earnings per share. Parker-Hannifin’s revenue was up 10.6% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. As a group, sell-side analysts forecast that Parker-Hannifin will post 31.26 earnings per share for the current fiscal year.
Parker-Hannifin Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 8th were issued a $2.00 dividend. The ex-dividend date was Friday, May 8th. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.8%. Parker-Hannifin’s dividend payout ratio is currently 29.51%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. HFM Investment Advisors LLC raised its position in Parker-Hannifin by 1,000.0% during the fourth quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock valued at $29,000 after buying an additional 30 shares during the period. Texas Capital Bancshares Inc TX acquired a new stake in Parker-Hannifin during the 3rd quarter worth about $25,000. Lloyd Advisory Services LLC. purchased a new position in Parker-Hannifin during the 4th quarter valued at about $31,000. NFSG Corp grew its stake in Parker-Hannifin by 94.4% during the 1st quarter. NFSG Corp now owns 35 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 17 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC increased its holdings in shares of Parker-Hannifin by 80.0% in the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 16 shares during the period. Hedge funds and other institutional investors own 82.44% of the company’s stock.
About Parker-Hannifin
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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