Analysts Set Parker-Hannifin Corporation (NYSE:PH) Target Price at $1,021.05

Shares of Parker-Hannifin Corporation (NYSE:PH) have been assigned an average recommendation of “Moderate Buy” from the twenty-two analysts that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $1,021.0476.

A number of research analysts have recently issued reports on PH shares. BMO Capital Markets started coverage on shares of Parker-Hannifin in a research report on Friday, March 27th. They issued an “outperform” rating and a $1,090.00 price target on the stock. Mizuho set a $1,050.00 price target on shares of Parker-Hannifin in a research report on Friday, May 1st. Stifel Nicolaus raised their price target on shares of Parker-Hannifin from $965.00 to $1,000.00 and gave the stock a “hold” rating in a research report on Friday, April 10th. Sanford C. Bernstein started coverage on shares of Parker-Hannifin in a research report on Tuesday, June 9th. They issued an “outperform” rating and a $1,026.00 price target on the stock. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a research report on Tuesday, April 21st.

Parker-Hannifin Price Performance

Shares of PH stock opened at $967.92 on Monday. The firm has a market cap of $122.05 billion, a P/E ratio of 35.70, a P/E/G ratio of 2.88 and a beta of 1.14. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.66. Parker-Hannifin has a 1-year low of $691.47 and a 1-year high of $1,034.96. The firm has a fifty day moving average of $908.10 and a two-hundred day moving average of $924.81.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.84 by $0.33. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. The company had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.40 billion. During the same period last year, the firm posted $6.94 EPS. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. As a group, research analysts anticipate that Parker-Hannifin will post 31.26 earnings per share for the current fiscal year.

Parker-Hannifin Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 8th were given a dividend of $2.00 per share. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. This represents a $8.00 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, May 8th. Parker-Hannifin’s payout ratio is currently 29.51%.

Hedge Funds Weigh In On Parker-Hannifin

Several institutional investors have recently modified their holdings of PH. HFM Investment Advisors LLC boosted its stake in 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 purchasing an additional 30 shares during the period. Texas Capital Bancshares Inc TX acquired a new position in Parker-Hannifin during the 3rd quarter valued at about $25,000. Lloyd Advisory Services LLC. acquired a new position in Parker-Hannifin during the 4th quarter valued at about $31,000. NFSG Corp boosted its stake in Parker-Hannifin by 94.4% during the 1st quarter. NFSG Corp now owns 35 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 17 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC boosted its stake in Parker-Hannifin by 80.0% during the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 16 shares during the period. Institutional investors own 82.44% of the company’s stock.

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.