JPMorgan Chase & Co. Issues Pessimistic Forecast for Parker-Hannifin (NYSE:PH) Stock Price
by Renee Jackson · The Cerbat GemParker-Hannifin (NYSE:PH – Get Free Report) had its price objective reduced by stock analysts at JPMorgan Chase & Co. from $1,100.00 to $1,060.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 19.50% from the company’s previous close.
A number of other research analysts have also recently weighed in on the stock. Morgan Stanley lifted their price objective on shares of Parker-Hannifin from $945.00 to $1,038.00 and gave the company an “equal weight” rating in a report on Tuesday, February 24th. Barclays lifted their price objective on shares of Parker-Hannifin from $990.00 to $1,020.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Stifel Nicolaus lifted their price objective on shares of Parker-Hannifin from $965.00 to $1,000.00 and gave the company a “hold” rating in a report on Friday, April 10th. The Goldman Sachs Group restated a “buy” rating on shares of Parker-Hannifin in a report on Thursday, January 29th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a report on Tuesday, April 21st. Seventeen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,010.45.
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Parker-Hannifin Trading Down 1.7%
Shares of Parker-Hannifin stock traded down $15.65 on Thursday, reaching $887.01. The company had a trading volume of 751,977 shares, compared to its average volume of 731,920. The firm’s 50 day moving average price is $943.01 and its two-hundred day moving average price is $905.37. The firm has a market cap of $111.96 billion, a PE ratio of 32.72, a PEG ratio of 2.80 and a beta of 1.18. Parker-Hannifin has a 52-week low of $628.23 and a 52-week high of $1,034.96. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 1.13.
Parker-Hannifin (NYSE:PH – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.84 by $0.33. The business had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.40 billion. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. The business’s revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm earned $6.94 EPS. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Sell-side analysts predict that Parker-Hannifin will post 31.1 earnings per share for the current fiscal year.
Insider Activity at Parker-Hannifin
In other news, CFO Todd M. Leombruno sold 2,062 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $1,002.34, for a total transaction of $2,066,825.08. Following the completion of the sale, the chief financial officer owned 20,610 shares in the company, valued at approximately $20,658,227.40. The trade was a 9.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Andrew D. Ross sold 4,664 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $999.00, for a total transaction of $4,659,336.00. Following the sale, the chief operating officer owned 13,120 shares of the company’s stock, valued at $13,106,880. This represents a 26.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.32% of the stock is currently owned by insiders.
Institutional Trading of Parker-Hannifin
Several institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC lifted its position in shares of Parker-Hannifin by 3.2% during the 1st quarter. Parallel Advisors LLC now owns 8,320 shares of the industrial products company’s stock worth $7,449,000 after buying an additional 255 shares during the last quarter. Ironwood Investment Counsel LLC lifted its position in shares of Parker-Hannifin by 5.0% during the 1st quarter. Ironwood Investment Counsel LLC now owns 440 shares of the industrial products company’s stock worth $394,000 after buying an additional 21 shares during the last quarter. Planning Alternatives Ltd. ADV purchased a new stake in Parker-Hannifin in the 1st quarter valued at $201,000. SEB Asset Management AB purchased a new stake in Parker-Hannifin in the 1st quarter valued at $4,557,000. Finally, Regents Gate Capital LLP raised its position in Parker-Hannifin by 21,941.3% in the 1st quarter. Regents Gate Capital LLP now owns 27,772 shares of the industrial products company’s stock valued at $24,863,000 after purchasing an additional 27,646 shares during the last quarter. Hedge funds and other institutional investors own 82.44% of the company’s stock.
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.