Citigroup Issues Positive Forecast for Parker-Hannifin (NYSE:PH) Stock Price

Parker-Hannifin (NYSE:PH) had its price target boosted by Citigroup from $1,141.00 to $1,232.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

A number of other analysts have also recently issued reports on the stock. BNP Paribas Exane reissued an “outperform” rating and issued a $1,220.00 price objective (up from $1,090.00) on shares of Parker-Hannifin in a research note on Friday. Truist Financial upped their target price on shares of Parker-Hannifin from $1,269.00 to $1,358.00 and gave the stock a “buy” rating in a report on Friday. Evercore set a $1,064.00 price target on Parker-Hannifin in a report on Monday, May 11th. KeyCorp boosted their price objective on Parker-Hannifin from $1,100.00 to $1,210.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $1,037.00 target price on shares of Parker-Hannifin in a research report on Thursday, July 16th. Eighteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and an average price target of $1,091.38.

Parker-Hannifin Stock Performance

Shares of PH opened at $1,076.12 on Friday. The business has a 50-day simple moving average of $950.62 and a two-hundred day simple moving average of $941.17. The company has a quick ratio of 0.66, a current ratio of 1.26 and a debt-to-equity ratio of 0.44. Parker-Hannifin has a 52 week low of $715.37 and a 52 week high of $1,099.94. The stock has a market cap of $135.69 billion, a price-to-earnings ratio of 37.77, a PEG ratio of 2.86 and a beta of 1.12.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data on Thursday, August 6th. The industrial products company reported $9.27 earnings per share for the quarter, beating analysts’ consensus estimates of $8.29 by $0.98. The firm had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.57 billion. Parker-Hannifin had a return on equity of 28.48% and a net margin of 16.97%.The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm earned $7.69 EPS. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. On average, analysts expect that Parker-Hannifin will post 34 EPS for the current year.

Institutional Investors Weigh In On Parker-Hannifin

Hedge funds have recently made changes to their positions in the company. Texas Capital Bancshares Inc TX bought a new stake in Parker-Hannifin in the 3rd quarter worth approximately $25,000. HFM Investment Advisors LLC boosted its position in shares of Parker-Hannifin by 1,000.0% during the 4th quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 30 shares during the last quarter. Lloyd Advisory Services LLC. purchased a new position in shares of Parker-Hannifin in the fourth quarter valued at $31,000. NFSG Corp grew its holdings in shares of Parker-Hannifin by 94.4% in 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. Finally, Mowery & Schoenfeld Wealth Management LLC increased its position in Parker-Hannifin by 80.0% in the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 16 shares during the last quarter. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Parker-Hannifin News Summary

Here are the key news stories impacting Parker-Hannifin this week:

• Positive Sentiment: Record earnings beat expectations: Fourth-quarter sales rose 9.8% year over year to $5.8 billion, while adjusted EPS climbed 21% to a record $9.27, well above the roughly $8.26–$8.29 consensus. Full-year sales reached a record $21.5 billion and adjusted EPS rose 18% to $32.31. Parker Reports Record Fiscal 2026 Fourth Quarter and Full Year Results
• Positive Sentiment: Strong operating momentum: Parker reported broad-based aerospace and industrial growth, record total backlog of $12.8 billion—including an $8.5 billion aerospace backlog—and improved margins. Management also raised its long-term adjusted segment operating-margin target by 300 basis points to 30% by fiscal 2031.
• Positive Sentiment: Fiscal 2027 outlook supports continued growth: Adjusted EPS guidance of $34.25 to $35.25 is above consensus of $34.09, with reported and organic sales growth expected at 5.5% to 8.5%, excluding the pending Filtration Group and CIRCOR aerospace transactions.
• Positive Sentiment: Analysts raised targets: Citigroup lifted its target to $1,232 and upgraded PH to “buy”; BNP Paribas Exane raised its target to $1,220 while reaffirming “outperform”; Truist increased its target to $1,358 with a “buy” rating; and Susquehanna raised its target to $1,250 with a “positive” rating. The revisions imply roughly 13% to 26% potential upside from the referenced price. Analyst price-target updates
• Neutral Sentiment: Valuation and positioning warrant monitoring: PH trades near its 52-week high at a premium earnings multiple. Institutional activity was mixed, with some large investors reducing holdings while BlackRock and Morgan Stanley added shares.
• Negative Sentiment: Revenue guidance is below consensus: Fiscal 2027 revenue guidance of $20.9 billion to $21.5 billion trails the $22.7 billion consensus estimate, although the company said the outlook excludes pending acquisitions. Reported insider activity was also entirely selling over the past six months, which could create a modest sentiment headwind.

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.