Key Takeaways From Parker Hannifin Analyst Ratings

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Providing a diverse range of perspectives from bullish to bearish, 11 analysts have published ratings on Parker Hannifin PH in the last three months.

The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 4 5 2 0 0
Last 30D 1 1 1 0 0
1M Ago 1 1 0 0 0
2M Ago 2 1 0 0 0
3M Ago 0 2 1 0 0

Analysts have set 12-month price targets for Parker Hannifin, revealing an average target of $591.91, a high estimate of $640.00, and a low estimate of $500.00. This current average reflects an increase of 12.32% from the previous average price target of $527.00.

Deciphering Analyst Ratings: An In-Depth Analysis

The perception of Parker Hannifin by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Julian Mitchell Barclays Lowers Overweight $618.00 $625.00
Jamie Cook Truist Securities Raises Buy $611.00 $602.00
Brett Linzey Mizuho Raises Neutral $550.00 $490.00
Jeffrey Hammond Keybanc Raises Overweight $640.00 $575.00
Nathan Jones Stifel Raises Buy $629.00 $588.00
Julian Mitchell Barclays Raises Overweight $625.00 $558.00
Jamie Cook Truist Securities Announces Buy $602.00 -
Nathan Jones Stifel Maintains Buy $588.00 -
Joseph Giordano TD Cowen Raises Market Perform $500.00 $300.00
David Raso Evercore ISI Group Raises Outperform $590.00 $505.00
Julian Mitchell Barclays Raises Overweight $558.00 $500.00

Key Insights:

  • Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Parker Hannifin. This information offers a snapshot of how analysts perceive the current state of the company.
  • Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Parker Hannifin compared to the broader market.
  • Price Targets: Understanding forecasts, analysts offer estimates for Parker Hannifin's future value. Examining the current and prior targets provides insight into analysts' changing expectations.

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.

Unveiling the Story Behind Parker Hannifin

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.

Unraveling the Financial Story of Parker Hannifin

Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.

Positive Revenue Trend: Examining Parker Hannifin's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 3.13% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.

Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 14.14%, the company showcases strong profitability and effective cost control.

Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 6.24%, the company showcases effective utilization of equity capital.

Return on Assets (ROA): Parker Hannifin's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 2.3%, the company may face hurdles in achieving optimal financial returns.

Debt Management: Parker Hannifin's debt-to-equity ratio stands notably higher than the industry average, reaching 1.04. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.

How Are Analyst Ratings Determined?

Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.

Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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