Parker-Hannifin Corporation (NYSE:PH) Stock Has Consensus Price Target of $1,119.55 According to Analysts

Parker-Hannifin Corporation (NYSE:PH) has earned an average rating of “Moderate Buy” from the nineteen ratings firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $1,119.55.

Several research firms have recently weighed in on PH. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a research note on Friday, July 17th. BMO Capital Markets reissued an “outperform” rating and issued a $1,214.00 price objective on shares of Parker-Hannifin in a research note on Friday, August 7th. Susquehanna raised their price objective on Parker-Hannifin from $1,100.00 to $1,250.00 and gave the stock a “positive” rating in a report on Friday, August 7th. Citigroup lifted their target price on Parker-Hannifin from $1,141.00 to $1,232.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, Wall Street Zen cut Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd.

Insider Transactions at Parker-Hannifin

In other Parker-Hannifin news, VP Berend Bracht sold 602 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $1,040.47, for a total transaction of $626,362.94. Following the sale, the vice president owned 4,399 shares of the company’s stock, valued at approximately $4,577,027.53. This trade represents a 12.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.35% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Proficio Capital Partners LLC boosted its stake in Parker-Hannifin by 234.0% in the second quarter. Proficio Capital Partners LLC now owns 1,954 shares of the industrial products company’s stock valued at $1,911,000 after acquiring an additional 1,369 shares in the last quarter. BNP Paribas increased its position in shares of Parker-Hannifin by 4.1% during the second quarter. BNP Paribas now owns 54,208 shares of the industrial products company’s stock worth $52,717,000 after purchasing an additional 2,121 shares in the last quarter. Shepherd Street Advisors LLC acquired a new position in shares of Parker-Hannifin during the fourth quarter worth $1,736,000. Integrated Wealth Concepts LLC grew its stake in Parker-Hannifin by 86.1% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 3,503 shares of the industrial products company’s stock worth $3,426,000 after buying an additional 1,621 shares during the last quarter. Finally, PDT Partners LLC grew its stake in Parker-Hannifin by 94.1% during the 2nd quarter. PDT Partners LLC now owns 17,120 shares of the industrial products company’s stock worth $16,745,000 after buying an additional 8,300 shares during the last quarter. 82.44% of the stock is owned by institutional investors.

Parker-Hannifin Trading Up 0.8%

PH stock opened at $973.64 on Wednesday. The company has a market capitalization of $122.79 billion, a PE ratio of 34.17, a P/E/G ratio of 2.96 and a beta of 1.12. Parker-Hannifin has a 12 month low of $715.37 and a 12 month high of $1,099.94. The firm’s 50-day moving average is $987.98 and its 200 day moving average is $945.91. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.26 and a quick ratio of 0.74.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data on Thursday, August 6th. The industrial products company reported $9.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.31 by $0.96. The company had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.57 billion. Parker-Hannifin had a net margin of 16.97% and a return on equity of 28.48%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the company earned $7.69 EPS. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. On average, research analysts anticipate that Parker-Hannifin will post 35.02 EPS for the current year.

Parker-Hannifin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Monday, August 31st were issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, August 31st. Parker-Hannifin’s dividend payout ratio (DPR) is presently 28.08%.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation is a diversified manufacturer of motion and control technologies. The company develops and produces components and systems that manage the movement and control of liquids, gases and mechanical force across industrial, mobile and aerospace applications.

Its product portfolio includes hydraulic and pneumatic systems, electromechanical technologies, filtration and fluid-management equipment, seals and shielding products, connectors, pumps, valves, sensors, thermal-management solutions and related engineered systems.