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

Parker-Hannifin Corporation (NYSE:PH) has received a consensus recommendation of “Moderate Buy” from the twenty-two research firms that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and eighteen have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $1,091.3810.

A number of equities analysts have weighed in on PH shares. Citigroup boosted their target price on shares of Parker-Hannifin from $1,141.00 to $1,232.00 and gave the stock a “buy” rating in a research note on Friday. Mizuho set a $1,050.00 price target on shares of Parker-Hannifin in a research note on Friday, May 1st. UBS Group raised their price target on shares of Parker-Hannifin from $1,092.00 to $1,250.00 and gave the company a “buy” rating in a report on Friday. Stifel Nicolaus set a $1,075.00 price objective on Parker-Hannifin in a report on Friday. Finally, Wells Fargo & Company decreased their price objective on Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 26th.

Hedge Funds Weigh In On Parker-Hannifin

Several hedge funds have recently added to or reduced their stakes in PH. Avion Wealth increased its position in Parker-Hannifin by 35.5% during the 4th quarter. Avion Wealth now owns 42 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 11 shares during the period. Moneta Group Investment Advisors LLC lifted its position in shares of Parker-Hannifin by 1.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 614 shares of the industrial products company’s stock worth $540,000 after purchasing an additional 11 shares during the period. Inspire Advisors LLC boosted its stake in shares of Parker-Hannifin by 1.2% in the 4th quarter. Inspire Advisors LLC now owns 917 shares of the industrial products company’s stock valued at $807,000 after purchasing an additional 11 shares during the last quarter. Optas LLC boosted its stake in shares of Parker-Hannifin by 3.1% in the 1st quarter. Optas LLC now owns 370 shares of the industrial products company’s stock valued at $331,000 after purchasing an additional 11 shares during the last quarter. Finally, Altfest L J & Co. Inc. increased its position in shares of Parker-Hannifin by 4.4% during the fourth quarter. Altfest L J & Co. Inc. now owns 286 shares of the industrial products company’s stock worth $251,000 after buying an additional 12 shares during the period. Institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Stock Performance

Shares of NYSE:PH opened at $1,060.53 on Tuesday. Parker-Hannifin has a twelve month low of $715.37 and a twelve month high of $1,099.94. The firm has a market cap of $133.72 billion, a PE ratio of 37.22, a price-to-earnings-growth ratio of 2.83 and a beta of 1.12. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.74 and a current ratio of 1.26. The business has a fifty day moving average of $955.35 and a 200-day moving average of $942.08.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings results on Thursday, August 6th. The industrial products company reported $9.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.31 by $0.96. Parker-Hannifin had a return on equity of 28.48% and a net margin of 16.97%.The business had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.57 billion. During the same period in the previous year, the business posted $7.69 earnings per share. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. On average, equities research analysts predict that Parker-Hannifin will post 34.5 EPS for the current fiscal year.

Parker-Hannifin Company Profile

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.