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

Parker-Hannifin Co. (NYSE:PH - Get Free Report) has earned an average recommendation of "Moderate Buy" from the seventeen brokerages that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $736.65.

A number of equities analysts have commented on the company. Barclays decreased their price target on Parker-Hannifin from $791.00 to $750.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. UBS Group decreased their target price on shares of Parker-Hannifin from $842.00 to $805.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. KeyCorp increased their price target on shares of Parker-Hannifin from $775.00 to $790.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Wells Fargo & Company boosted their price objective on shares of Parker-Hannifin from $710.00 to $775.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Finally, Citigroup started coverage on shares of Parker-Hannifin in a report on Friday, February 7th. They set a "buy" rating and a $795.00 target price for the company.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Whipplewood Advisors LLC bought a new position in shares of Parker-Hannifin during the fourth quarter valued at approximately $25,000. Aster Capital Management DIFC Ltd purchased a new position in Parker-Hannifin during the fourth quarter valued at $25,000. Millstone Evans Group LLC bought a new stake in Parker-Hannifin in the fourth quarter worth $30,000. Mpwm Advisory Solutions LLC bought a new stake in Parker-Hannifin in the fourth quarter worth $32,000. Finally, Prestige Wealth Management Group LLC grew its stake in shares of Parker-Hannifin by 83.3% in the third quarter. Prestige Wealth Management Group LLC now owns 55 shares of the industrial products company's stock worth $35,000 after acquiring an additional 25 shares during the last quarter. 82.44% of the stock is owned by hedge funds and other institutional investors.

Parker-Hannifin Price Performance

NYSE PH traded up $9.96 on Friday, reaching $619.82. 163,444 shares of the company's stock traded hands, compared to its average volume of 772,206. The stock has a market cap of $79.78 billion, a PE ratio of 25.64, a P/E/G ratio of 2.85 and a beta of 1.50. Parker-Hannifin has a 12 month low of $492.71 and a 12 month high of $718.44. The stock has a 50-day simple moving average of $655.77 and a 200 day simple moving average of $655.35. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 0.59.

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

Parker-Hannifin Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 7th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Friday, February 7th. Parker-Hannifin's dividend payout ratio (DPR) is presently 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.