Parker-Hannifin (NYSE:PH) Price Target Raised to $925.00

Parker-Hannifin (NYSE:PH) had its price target hoisted by equities research analysts at Wells Fargo & Company from $840.00 to $925.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price target points to a potential upside of 9.61% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Stifel Nicolaus dropped their target price on shares of Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating on the stock in a report on Monday, October 20th. Susquehanna raised their price objective on Parker-Hannifin from $860.00 to $960.00 and gave the company a “positive” rating in a research report on Friday. Citigroup lifted their price objective on shares of Parker-Hannifin from $831.00 to $874.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. KeyCorp increased their price objective on shares of Parker-Hannifin from $825.00 to $935.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Raymond James Financial raised their target price on shares of Parker-Hannifin from $735.00 to $845.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Twelve analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $822.76.

Parker-Hannifin Stock Up 1.2%

PH stock traded up $9.74 during mid-day trading on Friday, reaching $843.89. The company had a trading volume of 732,737 shares, compared to its average volume of 706,265. The company has a market capitalization of $106.79 billion, a price-to-earnings ratio of 31.12, a PEG ratio of 3.21 and a beta of 1.37. Parker-Hannifin has a 52 week low of $488.45 and a 52 week high of $851.86. The stock has a 50 day simple moving average of $756.80 and a two-hundred day simple moving average of $710.40. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data 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 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 business’s revenue was up 3.7% compared to the same quarter last year. 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. As a group, equities analysts predict that Parker-Hannifin will post 26.71 earnings per share for the current fiscal year.

Insider Activity at Parker-Hannifin

In other news, EVP Joseph R. Leonti sold 4,625 shares of Parker-Hannifin stock in a transaction that occurred 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 directly owned 13,878 shares in the company, valued at approximately $10,420,157.52. The trade was a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.32% of the company’s stock.

Hedge Funds Weigh In On Parker-Hannifin

A number of hedge funds have recently added to or reduced their stakes in the stock. Procyon Advisors LLC grew its holdings in shares of Parker-Hannifin by 158,565.9% during the 3rd quarter. Procyon Advisors LLC now owns 5,069,374 shares of the industrial products company’s stock worth $3,843,346,000 after purchasing an additional 5,066,179 shares in the last quarter. Norges Bank bought a new stake in Parker-Hannifin during the second quarter worth about $1,352,509,000. Nuveen LLC bought a new stake in Parker-Hannifin during the first quarter worth about $933,089,000. Price T Rowe Associates Inc. MD grew its stake in Parker-Hannifin by 52.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,443,104 shares of the industrial products company’s stock worth $1,485,042,000 after buying an additional 842,262 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in Parker-Hannifin by 11.6% in the 1st quarter. Wellington Management Group LLP now owns 2,009,250 shares of the industrial products company’s stock valued at $1,221,323,000 after buying an additional 208,573 shares during the period. Institutional investors 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.