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Wall Street JournalDeep Dive Into Parker Hannifin Stock: Analyst Perspectives (10 Ratings)
Throughout the last three months, 10 analysts have evaluated Parker Hannifin (NYSE:PH), offering a diverse set of opinions from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 5 | 1 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 1 | 1 | 0 | 0 |
| 2M Ago | 2 | 3 | 0 | 0 | 0 |
| 3M Ago | 1 | 1 | 0 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $634.2, a high estimate of $691.00, and a low estimate of $520.00. Surpassing the previous average price target of $606.00, the current average has increased by 4.65%.
Deciphering Analyst Ratings: An In-Depth Analysis
The standing of Parker Hannifin among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Nathan Jones | Stifel | Raises | Buy | $691.00 | $633.00 |
| Joseph Giordano | TD Cowen | Raises | Hold | $520.00 | $500.00 |
| Tim Thein | Raymond James | Raises | Outperform | $650.00 | $610.00 |
| David Raso | Evercore ISI Group | Raises | Outperform | $656.00 | $620.00 |
| Nicole Deblase | Deutsche Bank | Raises | Buy | $645.00 | $595.00 |
| Joseph O'Dea | Wells Fargo | Raises | Overweight | $640.00 | $600.00 |
| Jamie Cook | Truist Securities | Raises | Buy | $673.00 | $621.00 |
| Mircea Dobre | Baird | Raises | Outperform | $654.00 | $622.00 |
| Nathan Jones | Stifel | Lowers | Buy | $613.00 | $629.00 |
| Joseph O'Dea | Wells Fargo | Lowers | Overweight | $600.00 | $630.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Parker Hannifin. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Parker Hannifin compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Parker Hannifin's stock. This comparison reveals trends in analysts' expectations over time.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Parker Hannifin's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Parker Hannifin analyst ratings.
Delving into Parker Hannifin's Background
Parker Hannifin is an industrial conglomerate operating through two segments: diversified industrial, which serves a variety of end markets, and aerospace systems, which sells engine and actuation components. The diversified industrial segment consists of six groups, including engineered materials (sealing devices), filtration (filters and systems monitoring and removing contaminants from liquids and gases), fluid connectors (valves, couplings, and other fittings), instrumentation (flow manufacturing components and fluid control applications), and motion systems (hydraulic, pneumatic, and electromechanical components in industrial machinery and equipment). The segment boasts 17,100 independent distributors, and about 40% of its business occurs outside the United States.
Parker Hannifin: A Financial Overview
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: Parker Hannifin's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 1.78%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Parker Hannifin's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 15.13%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Parker Hannifin's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 6.63% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Parker Hannifin's ROA excels beyond industry benchmarks, reaching 2.67%. This signifies efficient management of assets and strong financial health.
Debt Management: Parker Hannifin's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.87, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
Understanding the Relevance of Analyst Ratings
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.