Truist Financial Boosts Parker-Hannifin (NYSE:PH) Price Target to $1,097.00

Parker-Hannifin (NYSE:PH) had its price target boosted by research analysts at Truist Financial from $977.00 to $1,097.00 in a report released on Thursday, Marketbeat.com reports. The firm presently has a “buy” rating on the industrial products company’s stock. Truist Financial’s target price suggests a potential upside of 25.50% from the company’s previous close.

A number of other brokerages have also issued reports on PH. Wall Street Zen lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Wells Fargo & Company raised their target price on Parker-Hannifin from $840.00 to $925.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a report on Wednesday, October 8th. Stifel Nicolaus boosted their price objective on shares of Parker-Hannifin from $850.00 to $869.00 and gave the company a “hold” rating in a research report on Tuesday. Finally, Robert W. Baird increased their price target on shares of Parker-Hannifin from $930.00 to $960.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 12th. Fifteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $911.65.

Parker-Hannifin Trading Up 1.3%

Shares of PH stock traded up $10.89 on Thursday, hitting $874.08. 135,682 shares of the company’s stock traded hands, compared to its average volume of 703,498. The company’s fifty day simple moving average is $814.90 and its 200 day simple moving average is $755.49. Parker-Hannifin has a one year low of $488.45 and a one year high of $908.35. The stock has a market capitalization of $110.30 billion, a price-to-earnings ratio of 31.09, a P/E/G ratio of 3.04 and a beta of 1.25. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.61 and a current ratio of 1.07.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data on Thursday, November 6th. The industrial products company reported $7.22 EPS for the quarter, topping the consensus estimate of $6.62 by $0.60. The firm had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.94 billion. Parker-Hannifin had a return on equity of 27.23% and a net margin of 18.17%.The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.20 earnings per share. 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 analysts forecast that Parker-Hannifin will post 26.71 EPS for the current year.

Insider Activity

In other Parker-Hannifin news, COO Andrew D. Ross sold 2,488 shares of Parker-Hannifin stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $894.81, for a total value of $2,226,287.28. Following the completion of the sale, the chief operating officer owned 13,120 shares of the company’s stock, valued at approximately $11,739,907.20. This trade represents a 15.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Berend Bracht sold 3,507 shares of the business’s 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 completion of the transaction, the vice president owned 2,580 shares of the company’s stock, valued at $2,230,616.40. This represents a 57.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 7,432 shares of company stock worth $6,484,116 over the last three months. 0.32% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Texas Capital Bancshares Inc TX bought a new position in Parker-Hannifin in the 3rd quarter valued at $25,000. Wealth Preservation Advisors LLC bought a new position in shares of Parker-Hannifin during the first quarter valued at approximately $27,000. Chilton Capital Management LLC purchased a new position in shares of Parker-Hannifin in the 3rd quarter valued at $29,000. Saudi Central Bank bought a new position in Parker-Hannifin in the first quarter worth about $31,000. Finally, Interchange Capital Partners LLC bought a new position in shares of Parker-Hannifin during the 2nd quarter worth approximately $31,000. Hedge funds and other institutional investors own 82.44% of the company’s stock.

About Parker-Hannifin

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.