JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Parker-Hannifin (NYSE:PH) Stock

by · The Cerbat Gem

Parker-Hannifin (NYSE:PH – Get Free Report) had its price objective boosted by analysts at JPMorgan Chase & Co. from $1,050.00 to $1,083.00 in a report released on Friday,Benzinga reports. The firm presently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 15.18% from the company’s previous close.

Other analysts have also recently issued reports about the stock. BNP Paribas began coverage on shares of Parker-Hannifin in a report on Thursday, December 4th. They set an “outperform” rating and a $1,020.00 target price for the company. The Goldman Sachs Group increased their price objective on Parker-Hannifin from $900.00 to $1,000.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Argus restated a “buy” rating and issued a $900.00 target price on shares of Parker-Hannifin in a report on Monday, November 10th. Citigroup reaffirmed a “buy” rating on shares of Parker-Hannifin in a research report on Monday. Finally, Barclays increased their price target on Parker-Hannifin from $950.00 to $990.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. Seventeen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $946.17.

Read Our Latest Report on Parker-Hannifin

Parker-Hannifin Price Performance

PH stock traded down $4.33 during trading hours on Friday, hitting $940.25. 119,815 shares of the stock traded hands, compared to its average volume of 525,504. The stock has a 50-day simple moving average of $875.38 and a 200 day simple moving average of $789.09. The company has a market cap of $118.65 billion, a P/E ratio of 33.49, a P/E/G ratio of 3.25 and a beta of 1.25. Parker-Hannifin has a one year low of $488.45 and a one year high of $950.00. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.54.

Parker-Hannifin (NYSE:PH – Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 EPS for the quarter, topping the consensus estimate of $6.62 by $0.60. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. The firm had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $4.94 billion. During the same period in the previous year, the business earned $6.20 earnings per share. Parker-Hannifin’s revenue for the quarter was up 3.7% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS and its FY 2026 guidance at 29.600-30.400 EPS. Equities analysts forecast that Parker-Hannifin will post 26.71 earnings per share for the current year.

Insider Transactions at Parker-Hannifin

In related news, COO Andrew D. Ross sold 2,488 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $894.81, for a total transaction of $2,226,287.28. Following the completion of the sale, the chief operating officer directly owned 13,120 shares of the company’s stock, valued at $11,739,907.20. The trade was a 15.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Berend Bracht sold 3,507 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $864.58, for a total transaction of $3,032,082.06. Following the completion of the transaction, the vice president directly owned 2,580 shares in the company, valued at approximately $2,230,616.40. The trade was a 57.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 7,432 shares of company stock worth $6,484,116 in the last quarter. 0.32% of the stock is owned by company insiders.

Hedge Funds Weigh In On Parker-Hannifin

Several institutional investors and hedge funds have recently made changes to their positions in PH. Texas Capital Bancshares Inc TX acquired a new stake in Parker-Hannifin during the 3rd quarter worth $25,000. Chilton Capital Management LLC bought a new stake in shares of Parker-Hannifin in the third quarter worth about $29,000. Interchange Capital Partners LLC bought a new stake in shares of Parker-Hannifin in the second quarter worth about $31,000. Ameriflex Group Inc. raised its position in shares of Parker-Hannifin by 366.7% during the third quarter. Ameriflex Group Inc. now owns 42 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 33 shares during the period. Finally, Morse Asset Management Inc lifted its holdings in shares of Parker-Hannifin by 164.7% during the 3rd quarter. Morse Asset Management Inc now owns 45 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 28 shares in the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

About Parker-Hannifin

(Get Free Report)

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.

Featured Articles