Wall Street Zen Downgrades Parker-Hannifin (NYSE:PH) to Hold

Parker-Hannifin (NYSE:PH) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Sunday.

A number of other equities analysts also recently weighed in on PH. Truist Financial boosted their price target on Parker-Hannifin from $977.00 to $1,097.00 and gave the stock a “buy” rating in a research report on Thursday, December 18th. Stifel Nicolaus upped their price objective on shares of Parker-Hannifin from $850.00 to $869.00 and gave the company a “hold” rating in a report on Tuesday, December 16th. Susquehanna reaffirmed a “positive” rating and issued a $1,000.00 target price on shares of Parker-Hannifin in a research report on Wednesday, November 12th. Argus reissued a “buy” rating and set a $900.00 price target on shares of Parker-Hannifin in a report on Monday, November 10th. Finally, JPMorgan Chase & Co. began coverage on Parker-Hannifin in a report on Tuesday, January 6th. They issued an “overweight” rating and a $1,050.00 price objective on the stock. Sixteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Parker-Hannifin has an average rating of “Moderate Buy” and an average target price of $932.11.

Parker-Hannifin Trading Up 0.8%

NYSE PH opened at $928.24 on Friday. The company has a market cap of $117.13 billion, a PE ratio of 33.07, a PEG ratio of 3.20 and a beta of 1.25. Parker-Hannifin has a 12 month low of $488.45 and a 12 month high of $933.33. The stock has a 50 day moving average of $866.59 and a 200-day moving average of $785.30. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.54.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 EPS for the quarter, beating analysts’ consensus estimates of $6.62 by $0.60. The firm had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $4.94 billion. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the company posted $6.20 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS and its FY 2026 guidance at 29.600-30.400 EPS. On average, equities research analysts anticipate that Parker-Hannifin will post 26.71 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, VP Rachid Bendali sold 1,437 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $852.99, for a total value of $1,225,746.63. Following the completion of the transaction, the vice president directly owned 2,714 shares in the company, valued at approximately $2,315,014.86. The trade was a 34.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Andrew D. Ross sold 2,488 shares of Parker-Hannifin stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $894.81, for a total transaction of $2,226,287.28. Following the completion of the transaction, the chief operating officer directly owned 13,120 shares in the company, valued at $11,739,907.20. This trade represents a 15.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 7,432 shares of company stock worth $6,484,116 over the last ninety days. Corporate insiders own 0.32% of the company’s stock.

Institutional Trading of Parker-Hannifin

Hedge funds and other institutional investors have recently made changes to their positions in the company. Texas Capital Bancshares Inc TX bought a new stake in Parker-Hannifin during the 3rd quarter worth approximately $25,000. Chilton Capital Management LLC acquired a new position in shares of Parker-Hannifin during the third quarter worth $29,000. Interchange Capital Partners LLC bought a new stake in shares of Parker-Hannifin in the second quarter worth $31,000. Ameriflex Group Inc. increased its holdings in Parker-Hannifin by 366.7% in the third quarter. Ameriflex Group Inc. now owns 42 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 33 shares during the period. Finally, Morse Asset Management Inc raised its position in Parker-Hannifin by 164.7% during the 3rd quarter. Morse Asset Management Inc now owns 45 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 28 shares during the last quarter. 82.44% of the stock is currently owned by institutional investors.

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.