Parker-Hannifin (NYSE:PH) Price Target Raised to $960.00 at Susquehanna

Parker-Hannifin (NYSE:PH) had its target price increased by equities research analysts at Susquehanna from $860.00 to $960.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “positive” rating on the industrial products company’s stock. Susquehanna’s price target indicates a potential upside of 14.77% from the stock’s current price.

Other research analysts also recently issued reports about the stock. Wall Street Zen raised shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. Truist Financial boosted their target price on Parker-Hannifin from $822.00 to $910.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft downgraded Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price target for the company. in a research note on Thursday, September 4th. Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a research note on Wednesday, October 8th. Finally, Citigroup increased their target price 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. Twelve analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $813.82.

Parker-Hannifin Stock Up 0.3%

NYSE:PH traded up $2.31 on Friday, hitting $836.46. The stock had a trading volume of 270,304 shares, compared to its average volume of 704,109. Parker-Hannifin has a 1 year low of $488.45 and a 1 year high of $851.86. The firm’s fifty day simple moving average is $756.80 and its two-hundred day simple moving average is $710.40. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. The stock has a market cap of $105.85 billion, a P/E ratio of 30.87, a price-to-earnings-growth ratio of 3.21 and a beta of 1.37.

Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.62 by $0.60. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The company had revenue of $5.08 billion during the quarter, compared to analyst estimates of $4.94 billion. During the same period in the prior year, the company posted $6.20 earnings per share. Parker-Hannifin’s quarterly revenue was up 3.7% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS. FY 2026 guidance at 29.600-30.400 EPS. Analysts predict that Parker-Hannifin will post 26.71 earnings per share for the current year.

Insider Activity at Parker-Hannifin

In related news, EVP Joseph R. Leonti sold 4,625 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president directly owned 13,878 shares of the company’s stock, valued at approximately $10,420,157.52. This trade represents a 25.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.32% of the company’s stock.

Hedge Funds Weigh In On Parker-Hannifin

Institutional investors and hedge funds have recently bought and sold shares of the stock. Procyon Advisors LLC increased its position in shares of Parker-Hannifin by 158,565.9% in the third quarter. Procyon Advisors LLC now owns 5,069,374 shares of the industrial products company’s stock valued at $3,843,346,000 after acquiring an additional 5,066,179 shares during the period. Norges Bank bought a new stake in shares of Parker-Hannifin during the 2nd quarter valued at $1,352,509,000. Nuveen LLC bought a new position in shares of Parker-Hannifin during the first quarter valued at approximately $933,089,000. Price T Rowe Associates Inc. MD raised 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 valued at $1,485,042,000 after buying an additional 842,262 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in Parker-Hannifin by 11.6% in the first quarter. Wellington Management Group LLP now owns 2,009,250 shares of the industrial products company’s stock worth $1,221,323,000 after buying an additional 208,573 shares during the last quarter. 82.44% of the stock is currently owned by institutional investors.

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.