Brokerages Set Parker-Hannifin Corporation (NYSE:PH) PT at $1,021.05

Shares of Parker-Hannifin Corporation (NYSE:PH) have received an average rating of “Moderate Buy” from the twenty-two analysts that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $1,021.0476.

PH has been the subject of a number of research reports. Citigroup reissued a “buy” rating on shares of Parker-Hannifin in a research note on Monday, June 8th. Truist Financial set a $1,147.00 target price on shares of Parker-Hannifin in a research note on Friday, May 1st. Wall Street Zen downgraded shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Evercore set a $1,064.00 target price on shares of Parker-Hannifin in a research note on Monday, May 11th. Finally, Sanford C. Bernstein assumed coverage on shares of Parker-Hannifin in a report on Tuesday, June 9th. They set an “outperform” rating and a $1,026.00 price target on the stock.

Parker-Hannifin Stock Performance

Shares of NYSE:PH opened at $967.92 on Monday. The company has a market cap of $122.04 billion, a price-to-earnings ratio of 35.70, a price-to-earnings-growth ratio of 2.82 and a beta of 1.14. The company has a 50-day moving average price of $908.10 and a 200-day moving average price of $925.13. The company has a current ratio of 1.13, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46. Parker-Hannifin has a 12 month low of $691.47 and a 12 month high of $1,034.96.

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

Parker-Hannifin Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 8th were issued a $2.00 dividend. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. This represents a $8.00 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, May 8th. Parker-Hannifin’s dividend payout ratio is 29.51%.

Institutional Investors Weigh In On Parker-Hannifin

Several institutional investors and hedge funds have recently added to or reduced their stakes in PH. Texas Capital Bancshares Inc TX purchased a new stake in Parker-Hannifin in the third quarter worth approximately $25,000. HFM Investment Advisors LLC boosted its holdings in Parker-Hannifin by 1,000.0% in the fourth quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 30 shares during the last quarter. Lloyd Advisory Services LLC. purchased a new stake in Parker-Hannifin in the fourth quarter worth approximately $31,000. NFSG Corp boosted its holdings in Parker-Hannifin by 94.4% in the first quarter. NFSG Corp now owns 35 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 17 shares during the last quarter. Finally, Ameriflex Group Inc. boosted its holdings in Parker-Hannifin by 366.7% in the third quarter. Ameriflex Group Inc. now owns 42 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 82.44% of the company’s stock.

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.