Parker-Hannifin (NYSE:PH) Rating Lowered to “Hold” at Wall Street Zen

Parker-Hannifin (NYSE:PH) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.

Several other analysts have also issued reports on the stock. Robert W. Baird upped their price target on shares of Parker-Hannifin from $1,050.00 to $1,275.00 in a research report on Friday, August 7th. BMO Capital Markets reiterated an “outperform” rating and set a $1,214.00 price objective (up from $1,068.00) on shares of Parker-Hannifin in a research report on Friday, August 7th. The Goldman Sachs Group boosted their price objective on Parker-Hannifin from $1,071.00 to $1,165.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Argus raised their price target on Parker-Hannifin from $1,030.00 to $1,200.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Finally, Stifel Nicolaus set a $1,002.00 target price on shares of Parker-Hannifin in a report on Monday, October 19th. Eighteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Parker-Hannifin currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,146.35.

Parker-Hannifin Stock Performance

PH stock opened at $915.21 on Friday. The business has a 50 day moving average of $946.34 and a 200-day moving average of $949.24. Parker-Hannifin has a 12-month low of $806.22 and a 12-month high of $1,099.94. The firm has a market cap of $115.42 billion, a PE ratio of 28.73, a P/E/G ratio of 2.59 and a beta of 1.15. The company has a quick ratio of 0.74, a current ratio of 1.26 and a debt-to-equity ratio of 0.44.

Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, November 5th. The industrial products company reported $8.90 earnings per share for the quarter, beating the consensus estimate of $8.21 by $0.69. Parker-Hannifin had a return on equity of 28.48% and a net margin of 16.97%. The company had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.81 billion. During the same period in the previous year, the business earned $7.22 earnings per share. Parker-Hannifin’s quarterly revenue was up 17.9% compared to the same quarter last year. Parker-Hannifin has set its FY 2027 guidance at 36.450-37.250 EPS. As a group, sell-side analysts expect that Parker-Hannifin will post 35.72 earnings per share for the current year.

Insider Transactions at Parker-Hannifin

In related news, VP Berend Bracht sold 602 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $1,040.47, for a total value 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 represents a 12.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.35% of the company’s stock.

Institutional Investors Weigh In On Parker-Hannifin

A number of hedge funds have recently modified their holdings of the business. Vista Capital Partners Inc. bought a new position in Parker-Hannifin during the third quarter valued at about $644,000. Aberdeen Group plc raised its stake in Parker-Hannifin by 149.0% during the third quarter. Aberdeen Group plc now owns 338,255 shares of the industrial products company’s stock worth $323,176,000 after acquiring an additional 202,418 shares in the last quarter. Valmark Advisers Inc. boosted its holdings in shares of Parker-Hannifin by 44.0% in the 3rd quarter. Valmark Advisers Inc. now owns 681 shares of the industrial products company’s stock valued at $651,000 after purchasing an additional 208 shares in the last quarter. Allworth Financial LP lifted its holdings in Parker-Hannifin by 4.4% in the 3rd quarter. Allworth Financial LP now owns 15,774 shares of the industrial products company’s stock worth $15,429,000 after buying an additional 663 shares during the period. Finally, Legacy Trust grew its stake in shares of Parker-Hannifin by 10.9% in the 3rd quarter. Legacy Trust now owns 285 shares of the industrial products company’s stock worth $256,000 after buying an additional 28 shares in the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Key Parker-Hannifin News

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

• Positive Sentiment: Results and outlook topped expectations. Fiscal Q1 sales rose 18% to a record $6.0 billion, with organic growth of 11.5%. Adjusted EPS of $8.90 beat the $8.21 consensus estimate. PH raised FY2027 adjusted EPS guidance to $36.45–$37.25, above analyst estimates, and forecast revenue of $24.9–$25.6 billion, also ahead of consensus. Company earnings release
• Positive Sentiment: Broad demand and operating performance strengthened the growth case. Management cited increased demand across market verticals and record backlog levels. Adjusted segment operating margin expanded to 28.6%, up 120 basis points year over year; the company also raised its outlook for organic sales growth, margins and free cash flow. Zacks earnings analysis
• Neutral Sentiment: Truist lowered its price target but maintained a Buy rating. The firm cut its target to $1,237 from $1,358, a less bullish valuation view that nonetheless remains consistent with a positive recommendation. Truist price-target update
• Neutral Sentiment: PH is scheduled to present at the Robert W. Baird Global Industrial Conference on November 10. The announcement did not provide new financial details. Conference announcement

Parker-Hannifin Company Profile

Parker-Hannifin is a global manufacturer of motion and control technologies. Its products include hydraulic and pneumatic systems, fluid connectors, filtration and sealing products, electromechanical components, and systems for aerospace and climate control applications.

The company serves customers across industries such as aerospace, manufacturing, transportation, energy, and life sciences. Its operations span markets around the world, with businesses organized around industrial and aerospace products and services.

Founded in 1917 by Arthur L.