From what 20 stock analysts predict, the share price for Parker-Hannifin Corp (PH) might decrease by 2.84% in the next year. This is based on a 12-month average estimation for PH. Price targets go from $493 to $788. The majority of stock analysts believe PH is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
About 20 Wall Street analysts have assignedPH 13 buy ratings, 7 hold ratings, and 0 sell ratings. This means that analysts expect Parker-Hannifin Corp to buy. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on PH. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of PH.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
John Eade Argus Research | Buy | $710 | Maintains | Nov 5, 2024 |
Mircea Dobre Baird | Outperform | $710 | Maintains | Nov 1, 2024 |
Brett Linzey Mizuho | Outperform | $715 | Maintains | Oct 17, 2024 |
Jeffrey Hammond Keybanc | Overweight | $725 | Maintains | Oct 14, 2024 |
Jamie Cook Truist Securities | Buy | $788 | Maintains | Oct 9, 2024 |
Joseph O'Dea Wells Fargo | Overweight | $710 | Maintains | Oct 7, 2024 |
Nathan Jones Stifel | Buy | $691 | Maintains | Oct 2, 2024 |
Julian Mitchell Barclays | Overweight | $703 | Maintains | Oct 2, 2024 |
Joseph Giordano TD Cowen | Hold | $520 | Maintains | Sep 11, 2024 |
Tim Thein Raymond James | Outperform | $650 | Maintains | Sep 4, 2024 |
David Raso Evercore ISI Group | Outperform | $656 | Maintains | Aug 19, 2024 |
Jamie Cook Truist Securities | Buy | $673 | Reiterates | Aug 9, 2024 |
Joseph O'Dea Wells Fargo | Overweight | $640 | Maintains | Aug 9, 2024 |
Nicole Deblase Deutsche Bank | Buy | $645 | Maintains | Aug 9, 2024 |
Mircea Dobre Baird | Outperform | $654 | Maintains | Aug 9, 2024 |
Nathan Jones Stifel | Buy | $613 | Maintains | Jul 18, 2024 |
Joseph O'Dea Wells Fargo | Overweight | $600 | Maintains | Jul 10, 2024 |
Nathan Jones Stifel | Buy | $629 | Maintains | Jul 2, 2024 |
Jamie Cook Truist Securities | Buy | $621 | Maintains | Jul 2, 2024 |
Tim Thein Raymond James | Outperform | $610 | Initiates | Jun 28, 2024 |
When did it IPO
1985
Staff Count
61,120
Country
United States
Sector/Industry
Industrials/Specialty Industrial Machinery
CEO
Ms. Jennifer A. Parmentier
Market Cap
$91.32B
In 2023, PH generated $19.07B in revenue, which was a increase of 20.20% from the previous year. This can be seen as a signal that PH's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Parker Hannifin Corporation (NYSE: PH) will present at the Robert W. Baird Global Industrial Conference in Chicago on November 13, 2024, at 10:50 a.m. CT.
Why It Matters - Parker Hannifin's presentation at a key industrial conference may signal strategic insights or updates, potentially influencing stock performance and investor sentiment.
Summary - Parker Hannifin has completed the divestiture of its North America Composites and Fuel Containment Division to SK Capital Partners, enhancing its focus on core operations.
Why It Matters - Parker Hannifin's divestiture of its CFC Division may enhance focus on core operations, potentially improving profitability and investor sentiment, impacting stock performance.
Summary - SK Capital has acquired the North America Composites & Fuel Containment Division from Parker Hannifin, rebranding it as Axillon Aerospace.
Why It Matters - The acquisition signals potential growth opportunities and strategic shifts in the aerospace sector, impacting market dynamics and investor interest in involved companies.
Summary - Parker-Hannifin Corporation will hold its Q1 2025 Earnings Conference Call on October 31, 2024, at 11:00 AM ET, featuring key executives and financial analysts.
Why It Matters - The earnings call provides insights into Parker-Hannifin's financial performance, strategic direction, and market outlook, influencing investor sentiment and stock valuation.
Summary - The company reported record sales, segment operating margin, and earnings per share (EPS), with an increased EPS outlook.
Why It Matters - Record sales and increased EPS outlook indicate strong company performance, potentially driving stock prices up and attracting investor interest.
Summary - Parker-Hannifin reported quarterly earnings of $6.20 per share, surpassing the Zacks Consensus Estimate of $6.13 and up from $5.96 per share year-over-year.
Why It Matters - Parker-Hannifin's earnings beat expectations and show year-over-year growth, indicating strong financial performance that could boost investor confidence and stock price.