Parker-Hannifin Co. (NYSE:PH) Receives Consensus Rating of “Moderate Buy” from Brokerages

Parker-Hannifin Co. (NYSE:PH) has been given an average recommendation of “Moderate Buy” by the seventeen analysts that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $739.06.

PH has been the topic of a number of analyst reports. Barclays decreased their target price on shares of Parker-Hannifin from $800.00 to $791.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. KeyCorp upped their price target on shares of Parker-Hannifin from $775.00 to $790.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Wolfe Research raised Parker-Hannifin from a “peer perform” rating to an “outperform” rating and set a $786.00 price objective for the company in a research note on Thursday, December 12th. Argus boosted their target price on Parker-Hannifin from $650.00 to $710.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Jefferies Financial Group raised their price target on Parker-Hannifin from $765.00 to $810.00 and gave the company a “buy” rating in a report on Friday, December 6th.

Hedge Funds Weigh In On Parker-Hannifin

A number of large investors have recently added to or reduced their stakes in PH. Stephens Inc. AR grew its stake in shares of Parker-Hannifin by 7.1% during the third quarter. Stephens Inc. AR now owns 3,472 shares of the industrial products company’s stock valued at $2,194,000 after buying an additional 230 shares during the last quarter. Focus Financial Network Inc. lifted its stake in shares of Parker-Hannifin by 8.9% in the 3rd quarter. Focus Financial Network Inc. now owns 651 shares of the industrial products company’s stock valued at $411,000 after acquiring an additional 53 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Parker-Hannifin by 13.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,212 shares of the industrial products company’s stock valued at $766,000 after acquiring an additional 144 shares during the period. Chicago Partners Investment Group LLC grew its position in Parker-Hannifin by 23.3% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 593 shares of the industrial products company’s stock worth $374,000 after acquiring an additional 112 shares during the last quarter. Finally, Clear Creek Financial Management LLC increased its stake in Parker-Hannifin by 17.1% in the 3rd quarter. Clear Creek Financial Management LLC now owns 857 shares of the industrial products company’s stock worth $542,000 after purchasing an additional 125 shares during the period. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Trading Down 2.9 %

NYSE:PH opened at $648.96 on Tuesday. The company has a market cap of $83.53 billion, a P/E ratio of 26.86, a P/E/G ratio of 2.85 and a beta of 1.45. Parker-Hannifin has a 1 year low of $492.71 and a 1 year high of $718.44. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 0.59. The stock’s fifty day moving average price is $666.26 and its two-hundred day moving average price is $650.05.

Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, January 30th. The industrial products company reported $6.53 EPS for the quarter, topping the consensus estimate of $6.23 by $0.30. Parker-Hannifin had a return on equity of 27.34% and a net margin of 15.87%. As a group, analysts expect that Parker-Hannifin will post 26.71 EPS for the current year.

Parker-Hannifin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 7th will be paid a $1.63 dividend. The ex-dividend date is Friday, February 7th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.00%. Parker-Hannifin’s dividend payout ratio (DPR) is 26.99%.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.