Parker-Hannifin (NYSE:PH) Price Target Raised to $1,358.00 at Truist Financial

Parker-Hannifin (NYSE:PH) had its price objective boosted by Truist Financial from $1,269.00 to $1,358.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Truist Financial’s price target indicates a potential upside of 25.77% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the company. Citigroup reissued a “buy” rating on shares of Parker-Hannifin in a research note on Monday, June 8th. JPMorgan Chase & Co. lowered their price target on Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating for the company in a research report on Thursday, May 7th. Evercore set a $1,064.00 price target on shares of Parker-Hannifin in a research note on Monday, May 11th. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a research report on Friday, July 17th. Finally, Mizuho set a $1,050.00 price objective on shares of Parker-Hannifin in a research note on Friday, May 1st. Nineteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Parker-Hannifin currently has an average rating of “Moderate Buy” and an average price target of $1,048.76.

Parker-Hannifin Price Performance

Shares of NYSE PH opened at $1,079.75 on Friday. The company has a 50 day simple moving average of $945.98 and a two-hundred day simple moving average of $940.22. Parker-Hannifin has a fifty-two week low of $715.37 and a fifty-two week high of $1,099.94. The company has a market capitalization of $136.15 billion, a price-to-earnings ratio of 39.58, a P/E/G ratio of 2.67 and a beta of 1.12. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 1.13.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, August 6th. The industrial products company reported $9.27 earnings per share for the quarter, topping the consensus estimate of $8.26 by $1.01. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The company had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.57 billion. During the same quarter in the prior year, the business posted $7.69 EPS. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. Analysts expect that Parker-Hannifin will post 31.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Parker-Hannifin

Several institutional investors have recently modified their holdings of PH. Vanguard Group Inc. raised its position in Parker-Hannifin by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 11,142,535 shares of the industrial products company’s stock worth $9,793,843,000 after buying an additional 33,606 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Parker-Hannifin by 0.6% in the fourth quarter. Bank of America Corp DE now owns 3,926,896 shares of the industrial products company’s stock worth $3,451,584,000 after acquiring an additional 22,305 shares during the period. Capital World Investors grew its stake in shares of Parker-Hannifin by 0.6% in the fourth quarter. Capital World Investors now owns 2,600,844 shares of the industrial products company’s stock worth $2,286,038,000 after acquiring an additional 16,703 shares during the period. Morgan Stanley raised its holdings in shares of Parker-Hannifin by 1.1% during the fourth quarter. Morgan Stanley now owns 2,133,044 shares of the industrial products company’s stock valued at $1,874,862,000 after purchasing an additional 22,367 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Parker-Hannifin during the fourth quarter valued at approximately $1,756,230,000. 82.44% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Parker-Hannifin

Here are the key news stories impacting Parker-Hannifin this week:

• Positive Sentiment: Fiscal fourth-quarter sales rose 9.8% year over year to approximately $5.8 billion, while adjusted EPS increased 21% to a record $9.27. Both figures exceeded Wall Street expectations of roughly $5.57 billion in revenue and $8.26-$8.29 in EPS. Parker Reports Record Fiscal 2026 Fourth Quarter and Full Year Results
• Positive Sentiment: Management guided to fiscal 2027 adjusted EPS of $34.25-$35.25, above the approximately $34.09 consensus estimate, with reported and organic sales growth expected at 5.5%-8.5%. The outlook points to another record year, excluding the pending Filtration Group and CIRCOR aerospace transactions.
• Positive Sentiment: Operating momentum remained broad-based: total backlog reached a record $12.8 billion, including an $8.5 billion aerospace backlog, while order rates increased across major segments. Parker also raised its long-term adjusted segment operating-margin target by 300 basis points to 30% by fiscal 2031 after surpassing its prior target ahead of schedule. Parker-Hannifin’s Earnings Call Signals Strong Growth Path
• Positive Sentiment: Full-year results also showed record $21.5 billion revenue, $32.31 adjusted EPS and $4.4 billion in operating cash flow. The company completed the Curtis Instruments acquisition, announced additional aerospace and filtration deals, and raised its dividend 11%, extending its streak of annual increases to 70 years.
• Neutral Sentiment: Parker-Hannifin’s valuation is elevated after the rally, with a price-to-earnings ratio near 40. Analysts’ median price target of $1,060 is close to the current trading range, although some targets reach as high as $1,269.
• Negative Sentiment: Reported fiscal 2027 revenue guidance of $20.9 billion-$21.5 billion was below one published consensus estimate of $22.7 billion, creating a potential concern despite the stronger EPS outlook.
• Negative Sentiment: Recent insider activity showed sales by senior executives, with no reported insider purchases over the prior six months. Such transactions may reflect compensation or portfolio decisions, but they can temper bullish sentiment.

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.