Parker-Hannifin (NYSE:PH) Raised to “Strong-Buy” at Sanford C. Bernstein

Parker-Hannifin (NYSE:PH) was upgraded by stock analysts at Sanford C. Bernstein to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other research analysts have also recently issued reports about the company. JPMorgan Chase & Co. cut their price objective on Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. Wells Fargo & Company cut their price objective on Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating for the company in a report on Tuesday, May 26th. Mizuho set a $1,050.00 price objective on Parker-Hannifin in a report on Friday, May 1st. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a report on Tuesday, April 21st. Finally, Evercore set a $1,064.00 price objective on Parker-Hannifin in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Parker-Hannifin has a consensus rating of “Moderate Buy” and an average price target of $1,021.05.

Parker-Hannifin Stock Down 3.2%

Shares of PH stock opened at $876.58 on Tuesday. The stock has a market cap of $110.52 billion, a P/E ratio of 32.33, a price-to-earnings-growth ratio of 2.63 and a beta of 1.14. Parker-Hannifin has a one year low of $646.51 and a one year high of $1,034.96. The stock has a fifty day moving average price of $907.66 and a 200 day moving average price of $917.99. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.66.

Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, April 30th. The industrial products company reported $8.17 EPS for the quarter, topping the consensus estimate of $7.84 by $0.33. The firm had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.40 billion. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.Parker-Hannifin’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the business earned $6.94 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Analysts predict that Parker-Hannifin will post 31.26 earnings per share for the current year.

Institutional Trading of Parker-Hannifin

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rathbones Group PLC increased its position in Parker-Hannifin by 44.0% in the first quarter. Rathbones Group PLC now owns 162,313 shares of the industrial products company’s stock worth $145,309,000 after purchasing an additional 49,598 shares during the period. Evansbrook LLC increased its position in Parker-Hannifin by 4.2% in the first quarter. Evansbrook LLC now owns 1,454 shares of the industrial products company’s stock worth $1,302,000 after purchasing an additional 59 shares during the period. Parallel Advisors LLC grew its position in shares of Parker-Hannifin by 3.2% during the 1st quarter. Parallel Advisors LLC now owns 8,320 shares of the industrial products company’s stock worth $7,449,000 after buying an additional 255 shares during the period. Optiver Holding B.V. grew its position in shares of Parker-Hannifin by 1,545.3% during the 1st quarter. Optiver Holding B.V. now owns 1,053 shares of the industrial products company’s stock worth $943,000 after buying an additional 989 shares during the period. Finally, Allen Capital Group LLC grew its position in shares of Parker-Hannifin by 4.8% during the 1st quarter. Allen Capital Group LLC now owns 264 shares of the industrial products company’s stock worth $236,000 after buying an additional 12 shares during the period. 82.44% of the stock is currently owned by institutional investors and hedge funds.

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.