Parker-Hannifin (NYSE:PH) Updates FY 2027 Earnings Guidance

Parker-Hannifin (NYSE:PH) issued an update on its FY 2027 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 34.250-35.250 for the period, compared to the consensus estimate of 34.090. The company issued revenue guidance of $20.9 billion-$21.5 billion, compared to the consensus revenue estimate of $22.7 billion.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on PH shares. Citigroup restated a “buy” rating on shares of Parker-Hannifin in a research report on Monday, June 8th. Truist Financial lifted their target price on shares of Parker-Hannifin from $1,147.00 to $1,269.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Mizuho set a $1,050.00 target price on shares of Parker-Hannifin in a report on Friday, May 1st. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $1,037.00 price target on shares of Parker-Hannifin in a research report on Thursday, July 16th. Finally, Stifel Nicolaus increased their price target on Parker-Hannifin from $965.00 to $1,000.00 and gave the stock a “hold” rating in a report on Friday, April 10th. Eighteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Parker-Hannifin currently has a consensus rating of “Moderate Buy” and an average price target of $1,027.38.

Parker-Hannifin Stock Up 7.6%

Shares of PH traded up $75.36 during trading hours on Thursday, reaching $1,072.26. The stock had a trading volume of 388,625 shares, compared to its average volume of 715,701. The firm has a 50-day simple moving average of $941.61 and a 200 day simple moving average of $939.33. Parker-Hannifin has a 12 month low of $708.18 and a 12 month high of $1,099.94. The company has a current ratio of 1.13, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $135.20 billion, a price-to-earnings ratio of 39.65, a P/E/G ratio of 2.65 and a beta of 1.12.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, August 6th. The industrial products company reported $9.27 EPS for the quarter, beating analysts’ consensus estimates of $8.26 by $1.01. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. The business had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.57 billion. During the same quarter in the previous year, the business posted $7.69 EPS. Parker-Hannifin’s quarterly revenue was up 9.8% on a year-over-year basis. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. Equities research analysts predict that Parker-Hannifin will post 31.26 earnings per share for the current fiscal year.

Institutional Trading of Parker-Hannifin

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Texas Capital Bancshares Inc TX bought a new position in shares of Parker-Hannifin in the third quarter valued at approximately $25,000. Morse Asset Management Inc raised its position in Parker-Hannifin by 164.7% in the 3rd quarter. Morse Asset Management Inc now owns 45 shares of the industrial products company’s stock valued at $34,000 after buying an additional 28 shares during the last quarter. Johnson Financial Group Inc. raised its position in Parker-Hannifin by 84.6% in the 3rd quarter. Johnson Financial Group Inc. now owns 48 shares of the industrial products company’s stock valued at $36,000 after buying an additional 22 shares during the last quarter. State of Wyoming bought a new position in Parker-Hannifin during the 2nd quarter valued at $38,000. Finally, Strive Asset Management LLC purchased a new position in Parker-Hannifin during the 3rd quarter worth $38,000. 82.44% of the stock is owned by institutional investors.

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.