Parker-Hannifin Corporation (NYSE:PH) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Parker-Hannifin Corporation (NYSE:PH) have earned an average recommendation of “Moderate Buy” from the twenty-one brokerages that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $1,020.80.

Several research analysts have commented on PH shares. The Goldman Sachs Group restated a “buy” rating on shares of Parker-Hannifin in a research report on Thursday, January 29th. Citigroup boosted their price objective on shares of Parker-Hannifin from $1,137.00 to $1,141.00 and gave the company a “buy” rating in a research report on Friday, May 1st. KeyCorp restated an “overweight” rating and set a $1,100.00 price objective on shares of Parker-Hannifin in a research report on Friday, January 30th. Mizuho set a $1,050.00 target price on Parker-Hannifin in a research note on Friday, May 1st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a research note on Tuesday, April 21st.

Parker-Hannifin Stock Down 1.3%

PH stock opened at $856.32 on Thursday. The company has a market cap of $107.97 billion, a PE ratio of 31.59, a price-to-earnings-growth ratio of 2.52 and a beta of 1.18. The business has a 50-day simple moving average of $915.00 and a 200 day simple moving average of $916.01. Parker-Hannifin has a 52 week low of $646.51 and a 52 week high of $1,034.96. The company has a quick ratio of 0.66, a current ratio of 1.13 and a debt-to-equity ratio of 0.46.

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

Parker-Hannifin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 8th will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Friday, May 8th. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. This represents a $8.00 annualized dividend and a yield of 0.9%. Parker-Hannifin’s payout ratio is presently 29.51%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PH. Vanguard Group Inc. increased its holdings in shares of Parker-Hannifin by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 11,142,535 shares of the industrial products company’s stock worth $9,793,843,000 after buying an additional 33,606 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Parker-Hannifin by 0.6% during the fourth quarter. Bank of America Corp DE now owns 3,926,896 shares of the industrial products company’s stock worth $3,451,584,000 after buying an additional 22,305 shares in the last quarter. Capital World Investors increased its holdings in shares of Parker-Hannifin by 0.6% during the fourth quarter. Capital World Investors now owns 2,600,844 shares of the industrial products company’s stock worth $2,286,038,000 after buying an additional 16,703 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Parker-Hannifin by 0.6% during the third quarter. Ameriprise Financial Inc. now owns 2,207,996 shares of the industrial products company’s stock worth $1,674,132,000 after buying an additional 13,309 shares in the last quarter. Finally, Morgan Stanley increased its holdings in shares of Parker-Hannifin by 1.1% during the fourth quarter. Morgan Stanley now owns 2,133,044 shares of the industrial products company’s stock worth $1,874,862,000 after buying an additional 22,367 shares in the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

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.