Analysts Set Parker-Hannifin Corporation (NYSE:PH) Price Target at $1,020.80

Parker-Hannifin Corporation (NYSE:PH) has received a consensus recommendation of “Moderate Buy” from the twenty-one research firms that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $1,020.80.

Several brokerages have weighed in on PH. Evercore set a $1,064.00 target price on Parker-Hannifin in a research report on Monday, May 11th. BMO Capital Markets began coverage on Parker-Hannifin in a research report on Friday, March 27th. They issued an “outperform” rating and a $1,090.00 target price on the stock. Citigroup upped their target price on Parker-Hannifin from $1,137.00 to $1,141.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Wall Street Zen raised Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Wednesday, February 4th. Finally, Mizuho set a $1,050.00 target price on Parker-Hannifin in a research report on Friday, May 1st.

Parker-Hannifin Trading Down 2.4%

Shares of Parker-Hannifin stock opened at $824.39 on Thursday. The company has a quick ratio of 0.66, a current ratio of 1.13 and a debt-to-equity ratio of 0.46. The firm has a market cap of $103.94 billion, a price-to-earnings ratio of 30.41, a price-to-earnings-growth ratio of 2.46 and a beta of 1.18. The business has a fifty day simple moving average of $911.32 and a 200-day simple moving average of $915.86. Parker-Hannifin has a fifty-two week low of $646.51 and a fifty-two week high of $1,034.96.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 earnings per share 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 analyst estimates of $5.40 billion. During the same quarter in the prior year, the firm posted $6.94 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. On average, equities analysts forecast that Parker-Hannifin will post 31.26 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 8th will be given a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, May 8th. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s payout ratio is currently 29.51%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. JFS Wealth Advisors LLC increased its holdings in shares of Parker-Hannifin by 6.8% during the 4th quarter. JFS Wealth Advisors LLC now owns 173 shares of the industrial products company’s stock valued at $152,000 after acquiring an additional 11 shares during the last quarter. Avion Wealth increased its holdings in shares of Parker-Hannifin by 35.5% during the 4th quarter. Avion Wealth now owns 42 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 11 shares during the last quarter. Optas LLC increased its holdings in shares of Parker-Hannifin by 3.1% during the 1st quarter. Optas LLC now owns 370 shares of the industrial products company’s stock valued at $331,000 after acquiring an additional 11 shares during the last quarter. Moneta Group Investment Advisors LLC increased its holdings in shares of Parker-Hannifin by 1.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 614 shares of the industrial products company’s stock valued at $540,000 after acquiring an additional 11 shares during the last quarter. Finally, Inspire Advisors LLC increased its holdings in shares of Parker-Hannifin by 1.2% during the 4th quarter. Inspire Advisors LLC now owns 917 shares of the industrial products company’s stock valued at $807,000 after acquiring an additional 11 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 (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.