Parker-Hannifin Corporation (NYSE:PH) Receives $911.65 Average Target Price from Analysts

Shares of Parker-Hannifin Corporation (NYSE:PH) have earned an average rating of “Moderate Buy” from the twenty analysts that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $911.6471.

A number of research analysts have recently commented on PH shares. Susquehanna reiterated a “positive” rating and issued a $1,000.00 price target on shares of Parker-Hannifin in a research note on Wednesday, November 12th. Citigroup upped their target price on Parker-Hannifin from $960.00 to $1,006.00 and gave the stock a “buy” rating in a report on Monday, December 8th. Wells Fargo & Company lifted their price target on Parker-Hannifin from $840.00 to $925.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Mizuho boosted their price target on Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Finally, Stifel Nicolaus upped their price objective on Parker-Hannifin from $850.00 to $869.00 and gave the company a “hold” rating in a research note on Tuesday, December 16th.

Insider Activity

In related news, VP Berend Bracht sold 3,507 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $864.58, for a total transaction of $3,032,082.06. Following the completion of the transaction, the vice president directly owned 2,580 shares of the company’s stock, valued at $2,230,616.40. This trade represents a 57.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Rachid Bendali sold 1,437 shares of Parker-Hannifin stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $852.99, for a total value of $1,225,746.63. Following the transaction, the vice president directly owned 2,714 shares in the company, valued at $2,315,014.86. The trade was a 34.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 7,432 shares of company stock valued at $6,484,116. Insiders own 0.32% of the company’s stock.

Hedge Funds Weigh In On Parker-Hannifin

A number of hedge funds have recently made changes to their positions in PH. Swiss Life Asset Management Ltd lifted its stake in shares of Parker-Hannifin by 14.3% in the third quarter. Swiss Life Asset Management Ltd now owns 36,990 shares of the industrial products company’s stock worth $28,044,000 after acquiring an additional 4,631 shares during the period. Groupama Asset Managment raised its holdings in Parker-Hannifin by 9.8% during the 3rd quarter. Groupama Asset Managment now owns 166,089 shares of the industrial products company’s stock worth $125,920,000 after purchasing an additional 14,836 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of Parker-Hannifin in the 3rd quarter worth approximately $13,365,000. Achmea Investment Management B.V. lifted its position in shares of Parker-Hannifin by 79.3% in the 3rd quarter. Achmea Investment Management B.V. now owns 28,731 shares of the industrial products company’s stock worth $21,782,000 after purchasing an additional 12,707 shares during the period. Finally, Oarsman Capital Inc. boosted its stake in shares of Parker-Hannifin by 4.4% in the 3rd quarter. Oarsman Capital Inc. now owns 3,969 shares of the industrial products company’s stock valued at $3,009,000 after purchasing an additional 166 shares during the last quarter. 82.44% of the stock is currently owned by institutional investors.

Parker-Hannifin Trading Down 1.1%

PH opened at $879.25 on Monday. The company’s 50 day moving average is $844.56 and its 200-day moving average is $770.73. The company has a market cap of $110.95 billion, a P/E ratio of 31.32, a PEG ratio of 3.09 and a beta of 1.25. Parker-Hannifin has a 1-year low of $488.45 and a 1-year high of $908.35. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.54.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Thursday, November 6th. The industrial products company reported $7.22 EPS 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 the consensus estimate of $4.94 billion. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.20 EPS. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS and its FY 2026 guidance at 29.600-30.400 EPS. Equities research analysts predict that Parker-Hannifin will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 7th were given a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, November 7th. Parker-Hannifin’s dividend payout ratio is 25.65%.

Parker-Hannifin Company Profile

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.