Parker-Hannifin (NYSE:PH) Given “Buy” Rating at Truist Financial

Parker-Hannifin (NYSE:PH)‘s stock had its “buy” rating restated by equities researchers at Truist Financial in a research note issued to investors on Friday,Benzinga reports. They currently have a $977.00 price objective on the industrial products company’s stock, up from their prior price objective of $910.00. Truist Financial’s price objective suggests a potential upside of 15.77% from the company’s current price.

Several other research analysts also recently issued reports on the stock. Mizuho raised their price objective on shares of Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a research report on Wednesday, October 8th. Evercore ISI reaffirmed an “outperform” rating on shares of Parker-Hannifin in a report on Tuesday, August 19th. Susquehanna lifted their price objective on shares of Parker-Hannifin from $860.00 to $960.00 and gave the company a “positive” rating in a research report on Friday. Finally, Stifel Nicolaus cut their price objective on shares of Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating for the company in a research report on Monday, October 20th. Twelve equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $822.76.

Parker-Hannifin Stock Performance

Shares of Parker-Hannifin stock traded up $9.74 on Friday, hitting $843.89. The stock had a trading volume of 975,442 shares, compared to its average volume of 707,783. The stock has a market cap of $106.79 billion, a price-to-earnings ratio of 31.12, a P/E/G ratio of 3.21 and a beta of 1.37. The company has a current ratio of 1.19, a quick ratio of 0.71 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. The company’s 50 day moving average price is $756.80 and its 200 day moving average price is $710.40.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.62 by $0.60. The firm had revenue of $5.08 billion for the quarter, compared to the consensus estimate 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 quarter last 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 anticipate that Parker-Hannifin will post 26.71 EPS for the current year.

Insider Transactions at Parker-Hannifin

In other news, EVP Joseph R. Leonti sold 4,625 shares of Parker-Hannifin 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 completion of the transaction, the executive vice president owned 13,878 shares of the company’s stock, valued at $10,420,157.52. The trade was a 25.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.32% of the company’s stock.

Institutional Trading of Parker-Hannifin

A number of large investors have recently made changes to their positions in the stock. Cumberland Partners Ltd raised its position in shares of Parker-Hannifin by 0.5% in the third quarter. Cumberland Partners Ltd now owns 10,661 shares of the industrial products company’s stock valued at $8,083,000 after buying an additional 55 shares during the last quarter. Synovus Financial Corp raised its holdings in Parker-Hannifin by 1.2% in the 3rd quarter. Synovus Financial Corp now owns 3,604 shares of the industrial products company’s stock valued at $2,733,000 after acquiring an additional 44 shares during the last quarter. Redmont Wealth Advisors LLC purchased a new position in shares of Parker-Hannifin during the 3rd quarter worth $56,000. King Wealth Management Group grew its position in shares of Parker-Hannifin by 3.1% in the third quarter. King Wealth Management Group now owns 15,269 shares of the industrial products company’s stock valued at $11,576,000 after purchasing an additional 465 shares during the period. Finally, Syon Capital LLC increased its stake in Parker-Hannifin by 34.7% in the third quarter. Syon Capital LLC now owns 2,110 shares of the industrial products company’s stock valued at $1,600,000 after purchasing an additional 544 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.