Parker-Hannifin’s (PH) Buy Rating Reiterated at Argus

Parker-Hannifin (NYSE:PH)‘s stock had its “buy” rating restated by research analysts at Argus in a research note issued on Monday,Benzinga reports. They presently have a $900.00 target price on the industrial products company’s stock. Argus’ target price indicates a potential upside of 7.15% from the stock’s current price.

Several other equities analysts have also recently commented on PH. Stifel Nicolaus cut their target price on shares of Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating for the company in a research note on Monday, October 20th. Cowen restated a “hold” rating on shares of Parker-Hannifin in a report on Friday, August 29th. Wall Street Zen upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. Deutsche Bank Aktiengesellschaft lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price objective on the stock. in a report on Thursday, September 4th. Finally, Mizuho boosted their price objective on shares of Parker-Hannifin from $800.00 to $825.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Thirteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and a consensus price target of $835.71.

Parker-Hannifin Stock Performance

Shares of NYSE:PH traded down $4.09 during trading hours on Monday, hitting $839.92. The stock had a trading volume of 57,597 shares, compared to its average volume of 704,644. The firm has a market capitalization of $106.29 billion, a price-to-earnings ratio of 31.01, a PEG ratio of 3.21 and a beta of 1.37. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. Parker-Hannifin has a 1-year low of $488.45 and a 1-year high of $851.86. The stock’s fifty day simple moving average is $758.48 and its 200 day simple moving average is $714.41.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data on Thursday, November 6th. The industrial products company reported $7.22 earnings per share for the quarter, beating the consensus estimate of $6.62 by $0.60. The business had revenue of $5.08 billion during the quarter, compared to analyst estimates of $4.94 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.20 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS. FY 2026 guidance at 29.600-30.400 EPS. Sell-side analysts anticipate that Parker-Hannifin will post 26.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Parker-Hannifin

In other news, EVP Joseph R. Leonti sold 4,625 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $750.84, for a total value of $3,472,635.00. Following the completion of the transaction, the executive vice president owned 13,878 shares of the company’s stock, valued at approximately $10,420,157.52. This trade represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.32% of the company’s stock.

Hedge Funds Weigh In On Parker-Hannifin

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Parker-Hannifin by 0.9% in the second quarter. Vanguard Group Inc. now owns 11,125,240 shares of the industrial products company’s stock valued at $7,770,646,000 after purchasing an additional 101,476 shares during the period. Procyon Advisors LLC increased its position in shares of Parker-Hannifin by 158,565.9% in the third quarter. Procyon Advisors LLC now owns 5,069,374 shares of the industrial products company’s stock worth $3,843,346,000 after acquiring an additional 5,066,179 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Parker-Hannifin by 52.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,443,104 shares of the industrial products company’s stock worth $1,485,042,000 after acquiring an additional 842,262 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Parker-Hannifin by 1.8% during the 2nd quarter. Invesco Ltd. now owns 2,345,922 shares of the industrial products company’s stock valued at $1,638,556,000 after acquiring an additional 41,221 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Parker-Hannifin by 4.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,194,687 shares of the industrial products company’s stock worth $1,533,177,000 after purchasing an additional 92,913 shares in the last quarter. 82.44% of the stock is owned by hedge funds and other institutional investors.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.