Parker-Hannifin (NYSE:PH) Hits New 12-Month High on Analyst Upgrade

Parker-Hannifin Corporation (NYSE:PH)’s share price hit a new 52-week high on Wednesday after Robert W. Baird raised their price target on the stock from $930.00 to $960.00. Robert W. Baird currently has an outperform rating on the stock. Parker-Hannifin traded as high as $866.72 and last traded at $858.1140, with a volume of 866469 shares changing hands. The stock had previously closed at $840.63.

A number of other equities research analysts also recently weighed in on the stock. Stifel Nicolaus lowered their price objective on shares of Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating for the company in a research report on Monday, October 20th. Wells Fargo & Company raised their price objective on shares of Parker-Hannifin from $840.00 to $925.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Raymond James Financial upped their price target on shares of Parker-Hannifin from $735.00 to $845.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Citigroup boosted their target price on shares of Parker-Hannifin from $831.00 to $874.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Finally, Truist Financial restated a “buy” rating and set a $977.00 target price (up from $910.00) on shares of Parker-Hannifin in a report on Friday, November 7th. Fourteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $860.71.

Insider Buying and Selling

In related news, VP Berend Bracht sold 3,507 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $864.58, for a total value of $3,032,082.06. Following the sale, the vice president owned 2,580 shares in the company, valued at approximately $2,230,616.40. This represents a 57.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph R. Leonti sold 4,625 shares of Parker-Hannifin stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $750.84, for a total transaction of $3,472,635.00. Following the sale, the executive vice president directly owned 13,878 shares of the company’s stock, valued at $10,420,157.52. The trade was a 25.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 9,569 shares of company stock valued at $7,730,464. 0.32% of the stock is owned by insiders.

Institutional Trading of Parker-Hannifin

A number of institutional investors and hedge funds have recently made changes to their positions in PH. Texas Capital Bancshares Inc TX bought a new stake in Parker-Hannifin during the third quarter worth $25,000. Wealth Preservation Advisors LLC acquired a new position in shares of Parker-Hannifin during the first quarter worth $27,000. Chilton Capital Management LLC bought a new stake in Parker-Hannifin during the 3rd quarter worth $29,000. Saudi Central Bank bought a new position in Parker-Hannifin in the first quarter valued at about $31,000. Finally, Interchange Capital Partners LLC bought a new stake in shares of Parker-Hannifin during the second quarter worth about $31,000. Institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Trading Down 1.4%

The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55. The firm’s 50-day moving average is $766.10 and its 200 day moving average is $719.77. The firm has a market capitalization of $105.08 billion, a price-to-earnings ratio of 30.62, a P/E/G ratio of 3.21 and a beta of 1.37.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 EPS for the quarter, topping analysts’ consensus estimates of $6.62 by $0.60. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The company had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.94 billion. During the same quarter in the previous year, the business earned $6.20 earnings per share. Parker-Hannifin’s revenue was up 3.7% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS. FY 2026 guidance at 29.600-30.400 EPS. On average, equities analysts predict that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 7th will be paid a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, November 7th. Parker-Hannifin’s dividend payout ratio is 25.65%.

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.