Parker-Hannifin Corporation (NYSE:PH) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Parker-Hannifin Corporation (NYSE:PH) have been given an average recommendation of “Moderate Buy” by the twenty-one research firms that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $1,020.80.

A number of analysts have recently weighed in on the stock. BMO Capital Markets assumed coverage on shares of Parker-Hannifin in a research note on Friday, March 27th. They issued an “outperform” rating and a $1,090.00 price target for the company. Citigroup boosted their target price on shares of Parker-Hannifin from $1,137.00 to $1,141.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Stifel Nicolaus boosted their target price on shares of Parker-Hannifin from $965.00 to $1,000.00 and gave the stock a “hold” rating in a report on Friday, April 10th. JPMorgan Chase & Co. dropped their target price on shares of Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a report on Tuesday, April 21st.

Institutional Investors Weigh In On Parker-Hannifin

A number of large investors have recently made changes to their positions in PH. Texas Capital Bancshares Inc TX acquired a new stake in shares of Parker-Hannifin during the third quarter valued at approximately $25,000. Chilton Capital Management LLC purchased a new position in Parker-Hannifin during the third quarter valued at approximately $29,000. HFM Investment Advisors LLC grew its position in Parker-Hannifin by 1,000.0% during the fourth quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 30 shares in the last quarter. Lloyd Advisory Services LLC. purchased a new position in Parker-Hannifin during the fourth quarter valued at approximately $31,000. Finally, NFSG Corp grew its position in Parker-Hannifin by 94.4% during the first quarter. NFSG Corp now owns 35 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 17 shares in the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Parker-Hannifin Trading Up 1.9%

Shares of NYSE:PH opened at $852.05 on Thursday. The company has a market cap of $107.43 billion, a PE ratio of 31.43, a P/E/G ratio of 2.43 and a beta of 1.14. The company’s 50-day moving average price is $909.11 and its 200 day moving average price is $915.80. Parker-Hannifin has a fifty-two week low of $646.51 and a fifty-two 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 announced its quarterly earnings results 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. The company had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.40 billion. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. Parker-Hannifin’s revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the business 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 earnings per share for the current year.

Parker-Hannifin Increases Dividend

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

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.