Parker Hannifin에 대한 매도 수량은 투자자에게 Parker Hannifin의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Parker Hannifin (NYSE:PH) 주식, 공매도 수량 보고

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.

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목요일 오전 (현지 시간 기준) 미국 주식 선물 거래가 혼조세를 보이고 있는 가운데 오늘 투자자들의 관심을 끌 수 있는 주식은 다음과 같다:

목요일 주목해야 할 주식: 일라이 릴리, US 푸즈, 블루 버드 그리고 종목

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Barclays analyst Julian Mitchell maintains Parker Hannifin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PH#NYSE">PH</a>) with a Overweight and raises the price target from $650 to $703.

Price Target

Analyst Ratings

Barclays Maintains Overweight on Parker Hannifin, Raises Price Target to $703

Throughout the last three months, 10 analysts have evaluated Parker Hannifin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PH#NYSE">PH</a>), 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.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
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%.
<img src="https://www.benzinga.com/files/images/story/2024/1727892109_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
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.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Nathan Jones</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$691.00</td>
<td>$633.00</td>
</tr>
<tr>
<td>Joseph Giordano</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Hold</td>
<td>$520.00</td>
<td>$500.00</td>
</tr>
<tr>
<td>Tim Thein</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Outperform</td>
<td>$650.00</td>
<td>$610.00</td>
</tr>
<tr>
<td>David Raso</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$656.00</td>
<td>$620.00</td>
</tr>
<tr>
<td>Nicole Deblase</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Buy</td>
<td>$645.00</td>
<td>$595.00</td>
</tr>
<tr>
<td>Joseph O'Dea</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$640.00</td>
<td>$600.00</td>
</tr>
<tr>
<td>Jamie Cook</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$673.00</td>
<td>$621.00</td>
</tr>
<tr>
<td>Mircea Dobre</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$654.00</td>
<td>$622.00</td>
</tr>
<tr>
<td>Nathan Jones</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Buy</td>
<td>$613.00</td>
<td>$629.00</td>
</tr>
<tr>
<td>Joseph O'Dea</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$600.00</td>
<td>$630.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>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.</li>
<li>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.</li>
<li>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.</li>
</ul>
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.
<a href="https://www.benzinga.com/quote/PH/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Parker Hannifin analyst ratings.</a>
<h2>Delving into Parker Hannifin's Background</h2>
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.
<h3>Parker Hannifin: A Financial Overview</h3>
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.
<h2>Understanding the Relevance of Analyst Ratings</h2>
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 <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Deep Dive Into Parker Hannifin Stock: Analyst Perspectives (10 Ratings)

Stifel analyst Nathan Jones maintains Parker Hannifin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PH#NYSE">PH</a>) with a Buy and raises the price target from $633 to $691.

Stifel Maintains Buy on Parker Hannifin, Raises Price Target to $691

Donaldson Company, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dci#NYSE">DCI</a>) recently unveiled its filtration services in France, Germany and Austria. The company plans to expand its presence in the food and beverage markets through this move.
Donaldson&#39;s filtration services will help manufacturers operate their filtration system, providing on-site help and customized solutions to achieve their sustainability, efficiency and effectiveness goals. DCI&#39;s services include testing the integrity of sterile air and liquid filters, calibrating equipment, measuring compressed air quality and managing filters through exchange, maintenance and setup.
With the launch of filtration services for food and beverage in France, Germany and Austria, DCI&#39;s customers will benefit from service teams that work closely with its network of more than 1,000 engineers, scientists and specialists worldwide. The new filtration services for the Life Sciences sector are based on a century of dependable service. The company had been planning to expand into the food and beverage markets in France, Germany and Austria, with goals for growth across Europe.
<h2>DCI&#39;s Zacks Rank and Price Performance</h2>
DCI currently carries a Zacks Rank #4 (Sell). In the year-to-date period, the company&#39;s shares have gained 11.1% compared with the industry&#39;s 25.3% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/81/79027.jpg?v=1736680807" />
Image Source: Zacks Investment Research
Donaldson has been witnessing weakness in the on-road and off-road businesses. Lower levels of equipment production owing to softness in industrial markets, particularly in the United States and China, are affecting the on-road business. Weakness in agriculture markets and soft end-market demand in China have been impacting the off-road business. Also, challenged market conditions in dust collection and power generation verticals within the industrial filtration solutions business remain concerning.
<h2>Stocks to Consider</h2>
Some better-ranked companies are discussed below.
Tetra Tech, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ttek#NASDAQ">TTEK</a>) presently carries a Zacks Rank #2 (Buy).
The company delivered a trailing four-quarter average earnings surprise of 9.5%. In the past 60 days, the Zacks Consensus Estimate for TTEK&#39;s fiscal 2024 earnings has increased 0.8%.
Atmus Filtration Technologies Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/atmu#NYSE">ATMU</a>) currently carries a Zacks Rank of 2. ATMU delivered a trailing four-quarter average earnings surprise of 13.4%.
In the past 60 days, the consensus estimate for Atmus&#39; 2024 earnings has increased 3.1%.
Parker-Hannifin Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ph#NYSE">PH</a>) currently carries a Zacks Rank of 2. PH delivered a trailing four-quarter average earnings surprise of 2.6%.
In the past 60 days, the consensus estimate for Parker-Hannifin&#39;s fiscal 2025 earnings has increased 1.3%.
<a href="https://www.zacks.com/stock/news/2340748/donaldson-introduces-filtration-services-for-life-sciences?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2340748">To read this article on Zacks.com click here.</a>

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Stanley Black &amp; Decker, Inc.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/swk#NYSE">SWK</a>) cost-reduction program is expected to aid its bottom line and drive margin performance in the quarters ahead. The program comprises a series of initiatives to resize the organization, reduce inventory and optimize the supply chain with the goal of repositioning it to pursue sustainable long-term growth.
In the first six months of 2024 and since the inception of the program, SWK realized pre-tax run rate savings of $295 million and $1.3 billion, respectively. The savings were driven by lower headcount, reductions of indirect spending and supply-chain transformation.
Stanley Black has been divesting non-core operations to drive growth. In April 2024, the company divested its STANLEY Infrastructure (Infrastructure) business to Epiroc AB for a cash consideration of $760 million. The divestment will help the company to focus on its core businesses, reduce debt and support capital-allocation priorities.
It remains focused on rewarding its shareholders through dividend payments and share buybacks. In the first six months of 2024, the firm paid dividends of $243.6 million, up 1.7% year over year. It also bought back shares worth $7.7 million. In July 2024, SWK hiked its quarterly dividend by a penny to 82 cents per share.
<h2>SWK&#39;s Price Performance</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/9c/77848.jpg?v=1064530480" />
Image Source: Zacks Investment Research
In the past three months, the Zacks Rank #3 (Hold) company has gained 20.2% compared with the industry&#39;s&nbsp; 9.4% growth.
Despite the positives, lower consumer outdoor and do-it-yourself market demand is a concern for the Tools &amp; Outdoor segment. Within the segment, the power tools business has been experiencing weaknesses due to reduced demand for consumer tools. Weakening automotive end markets, owing to headwinds in the global automotive OEM light vehicle production, are another setback.
Further, the low liquidity level remains a concern. Exiting the second quarter, the company&#39;s cash and cash equivalents were $318.5 million, lower than the short-term borrowings of $492.4 million. Its current maturities of long-term debt totaled $500.1 million. This implies that SWK does not have sufficient cash to meet its current debt obligations. Also, the stock looks more leveraged than the industry. Its long-term debt/capital ratio is currently 0.39, higher than 0.36 of the industry.
<h2>Stocks to Consider</h2>
Some better-ranked companies from the same space are discussed below.
Flowserve Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fls#NYSE">FLS</a>) currently carries a Zacks Rank #2 (Buy).
FLS delivered a trailing four-quarter average earnings surprise of 18.2%. In the past 60 days, the Zacks Consensus Estimate for Flowserve&#39;s 2024 earnings has increased 3.8%.
Crane Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cr#NYSE">CR</a>) presently carries a Zacks Rank of 2. The company delivered a trailing four-quarter average earnings surprise of 11.2%.
In the past 60 days, the Zacks Consensus Estimate for CR&#39;s 2024 earnings has increased 2%.
Parker-Hannifin Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ph#NYSE">PH</a>) currently carries a Zacks Rank of 2. PH delivered a trailing four-quarter average earnings surprise of 11.2%.
In the past 60 days, the consensus estimate for Parker-Hannifin&#39;s fiscal 2025 earnings has increased 1.2%.
<a href="https://www.zacks.com/stock/news/2336321/stanley-black-exhibits-bright-prospects-headwinds-persist?cid=CS-BENZ-FT-analyst_blog|zer_report_update-2336321">To read this article on Zacks.com click here.</a>

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Zebra Technologies Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zbra#NASDAQ">ZBRA</a>) has introduced three new solutions, namely, the Zebra Kiosk System, Zebra Workcloud Actionable Intelligence 7.0 and the ET6x Windows rugged tablets at the annual ZONE customer conference.
At Zebra Technologies&#39; ZONE event, retailers connect with customers, partners and prospects to explore industry challenges and opportunities with keynote presentations focusing on key topics, including inventory management, loss prevention and efficiency improvement. In this event, the company introduced its expanded range of integrated hardware and software solutions, utilizing AI, cloud and machine learning to enhance workflow efficiencies and elevate customer and associate experiences in modern retail environments.
ZBRA&#39;s Kiosk System is a versatile, modular solution made to address self-service needs across retail and other sectors, anchored by the KC50 Android Kiosk Computer available in 15&quot; and 22&quot; screen sizes. This system, which includes tap-to-pay, works with all major payment terminals and has a voice assistant, thereby making checkout easier and allowing staff to focus on more important tasks. Built on Qualcomm&#39;s advanced chipset and Zebra&#39;s Enterprise Android platform with Mobility DNA, the product ensures seamless connectivity, security and management, with flexible deployment options and the ability to add components like barcode scanners, payment terminals or a TD50 15&quot; touch display for a dual-display setup.
Zebra Workcloud Actionable Intelligence 7.0 brings a next-gen, AI-powered analytics platform tailored for the modern store, leveraging Google Cloud&#39;s serverless query engine for unmatched speed and performance. The update automates data analysis, task management and action verification, enabling users to quickly identify hidden insights and streamline workflows, ultimately enhancing productivity and uncovering opportunities beyond human detection.
The ET6x Windows rugged tablets, powered by Intel&#39;s Core Ultra platform with a dedicated Neural Processing Unit, enhance AI capabilities across industries such as retail, logistics and field services. These advanced features improve performance and efficiency for various applications. The tablets also come with the Zebra Control Hub for streamlined configuration and management, featuring an advanced AI-enabled touchscreen for improved accuracy, AI-powered audio for better communication and flexible usage options.
<h2>ZBRA&#39;s Zacks Rank and Price Performance</h2>
ZBRA currently carries a Zacks Rank #3 (Hold).
Zebra Technologies is focusing on advancing digital capabilities, optimizing the supply chain and expanding data analytics capabilities to engage with its customers. Higher sales of mobile computing products are supporting the Enterprise Visibility &amp; Mobility segment&#39;s sales.
In the past year, the company&#39;s shares have gained 31.4% compared with the industry&#39;s 23.1% growth.
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Weak demand for printing solutions is affecting the company&#39;s Asset Intelligence &amp; Tracking segment. Low demand for RFID products is also concerning. High debt levels are also likely to raise the company&#39;s financial obligations and hurt profitability. Given its diverse presence, forex woes remain concerning.
<h2>Stocks to Consider</h2>
Some better-ranked companies are discussed below.
Flowserve Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fls#NYSE">FLS</a>) currently carries a Zacks Rank #2 (Buy).
FLS delivered a trailing four-quarter average earnings surprise of 18.2%. In the past 60 days, the Zacks Consensus Estimate for Flowserve&#39;s 2024 earnings has increased 3.8%.
Crane Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cr#NYSE">CR</a>) presently carries a Zacks Rank of 2. The company delivered a trailing four-quarter average earnings surprise of 11.2%.
In the past 60 days, the Zacks Consensus Estimate for CR&#39;s 2024 earnings has increased 2%.
Parker-Hannifin Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ph#NYSE">PH</a>) currently carries a Zacks Rank of 2. PH delivered a trailing four-quarter average earnings surprise of 2.6%.
In the past 60 days, the consensus estimate for Parker-Hannifin&#39;s fiscal 2025 earnings has increased 1.1%.
<a href="https://www.zacks.com/stock/news/2334835/zebra-technologies-unveils-retail-efficiency-solutions-at-zone?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2334835">To read this article on Zacks.com click here.</a>

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ZBRA

Zebra Technologies Unveils Retail Efficiency Solutions at ZONE

Tetra Tech, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ttek#NASDAQ">TTEK</a>) recently announced that it has secured a $39.3 million contract from the United States Agency for International Development (&quot;USAID&quot;). The latest deal will involve the company supporting USAID&#39;s Engendering Industries program.
As part of the single-award deal, Tetra Tech will work on enhancing gender equality and women&#39;s economic empowerment opportunities in multiple industries throughout the world. These industries include water, infrastructure, power, transportation as well as information and communications technology.
Under the USAID Engendering Industries program, the company&#39;s professionals will utilize data-driven change management tactics to help companies and organizations boost gender equality and economic opportunities for women globally. As part of the Engendering Industries program since 2018, TTEK has been offering technical support services to more than 68 organizations in 39 countries.
<h2>Tetra Tech&#39;s Other Notable Contracts</h2>
Lately, Tetra Tech has received a series of deals, which are likely to drive its growth. In July 2024, the company received a $73 million deal from the USAID to enhance the availability of cost-effective and dependable electricity across 18 nations in West Africa. Also, in March 2024, it secured a $375 million multiple-award contract from National Aeronautics and Space Administration (&quot;NASA&quot;). Per the five-year contract, Tetra Tech will offer environmental restoration and compliance services at NASA facilities across the United States.
In January 2024, the company secured a $34 million contract from the USAID. Per the deal, TTEK will support the USAID Integrated Land and Resource Governance II project, which is aimed at promoting sustainable economic development through better land rights governance. Also, in the same month, it secured a $24 million, single-award deal from USAID to conserve biodiversity and natural resources in Cambodia.
<h2>TTEK&#39;s Zacks Rank and Price Performance</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/49/77316.jpg?v=170175387" />
Image Source: Zacks Investment Research
Tetra Tech currently carries a Zacks Rank #2 (Buy). Shares of the company gained 50.1% in the past year against the industry&lsquo;s 11% decline.
<h2>Other Stocks to Consider</h2>
Other top-ranked companies from the same space are discussed below.
Flowserve Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fls#NYSE">FLS</a>) currently carries a Zacks Rank of 2.
FLS delivered a trailing four-quarter average earnings surprise of 18.2%. In the past 60 days, the Zacks Consensus Estimate for Flowserve&#39;s 2024 earnings has increased 3.8%.
Crane Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cr#NYSE">CR</a>) presently carries a Zacks Rank of 2. The company delivered a trailing four-quarter average earnings surprise of 11.2%.
In the past 60 days, the Zacks Consensus Estimate for CR&#39;s 2024 earnings has increased 2%.
Parker-Hannifin Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ph#NYSE">PH</a>) currently carries a Zacks Rank of 2. PH delivered a trailing four-quarter average earnings surprise of 2.6%.
In the past 60 days, the consensus estimate for Parker-Hannifin&#39;s fiscal 2025 earnings has increased 1.1%.
<a href="https://www.zacks.com/stock/news/2334556/tetra-tech-secures-39-3m-single-award-contract-from-usaid?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2334556">To read this article on Zacks.com click here.</a>

Contracts

Tetra Tech Secures $39.3M Single-Award Contract From USAID

TD Cowen analyst Joseph Giordano maintains Parker Hannifin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PH#NYSE">PH</a>) with a Hold and raises the price target from $500 to $520.

TD Cowen Maintains Hold on Parker Hannifin, Raises Price Target to $520

Parker Hannifin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PH#NYSE">PH</a>) has outperformed the market over the past 5 years by 13.7% on an annualized basis producing an average annual return of 26.53%. Currently, Parker Hannifin has a market capitalization of $74.73 billion. 
Buying $100 In PH: If an investor had bought $100 of PH stock 5 years ago, it would be worth $318.88 today based on a price of $581.10 for PH at the time of writing.
<h3>Parker Hannifin's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726002009_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 5 Years Ago Would Be Worth $300 Today

Parker Hannifin's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PH#NYSE">PH</a>) short percent of float has fallen 23.81% since its last report. The company recently reported that it has 1.03 million shares sold short, which is 0.8% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.45 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Parker Hannifin Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725642012_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Parker Hannifin has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Parker Hannifin's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Parker Hannifin's peer group average for short interest as a percentage of float is 2.54%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Parker Hannifin's Recent Short Interest

During the last three months, 11 analysts shared their evaluations of Parker Hannifin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PH#NYSE">PH</a>), revealing diverse outlooks from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $635.55, a high estimate of $673.00, and a low estimate of $600.00. This upward trend is apparent, with the current average reflecting a 3.06% increase from the previous average price target of $616.70.
<img src="https://www.benzinga.com/files/images/story/2024/1725462072_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The standing of Parker Hannifin among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Tim Thein</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Outperform</td>
<td>$650.00</td>
<td>$610.00</td>
</tr>
<tr>
<td>David Raso</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$656.00</td>
<td>$620.00</td>
</tr>
<tr>
<td>Nicole Deblase</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Buy</td>
<td>$645.00</td>
<td>$595.00</td>
</tr>
<tr>
<td>Joseph O'Dea</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$640.00</td>
<td>$600.00</td>
</tr>
<tr>
<td>Jamie Cook</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$673.00</td>
<td>$621.00</td>
</tr>
<tr>
<td>Mircea Dobre</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$654.00</td>
<td>$622.00</td>
</tr>
<tr>
<td>Nathan Jones</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Buy</td>
<td>$613.00</td>
<td>$629.00</td>
</tr>
<tr>
<td>Joseph O'Dea</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$600.00</td>
<td>$630.00</td>
</tr>
<tr>
<td>Nathan Jones</td>
<td>Stifel</td>
<td>Maintains</td>
<td>Buy</td>
<td>$629.00</td>
<td>$629.00</td>
</tr>
<tr>
<td>Jamie Cook</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$621.00</td>
<td>$611.00</td>
</tr>
<tr>
<td>Tim Thein</td>
<td>Raymond James</td>
<td>Announces</td>
<td>Outperform</td>
<td>$610.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>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.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Parker Hannifin compared to the broader market.</li>
<li>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.</li>
</ul>
Capture valuable insights into Parker Hannifin's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/PH/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Parker Hannifin analyst ratings.</a>
<h2>Delving into Parker Hannifin's Background</h2>
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.
<h3>Parker Hannifin: A Financial Overview</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
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. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 15.13%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Parker Hannifin's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 6.63%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Parker Hannifin's ROA stands out, surpassing industry averages. With an impressive ROA of 2.67%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 0.87, caution is advised due to increased financial risk.
<h2>The Significance of Analyst Ratings Explained</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Cracking The Code: Understanding Analyst Reviews For Parker Hannifin

Raymond James analyst Tim Thein maintains Parker Hannifin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PH#NYSE">PH</a>) with a Outperform and raises the price target from $610 to $650.

Raymond James Maintains Outperform on Parker Hannifin, Raises Price Target to $650

Jennifer Parmentier, Chief Executive Officer at Parker Hannifin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PH#NYSE">PH</a>), disclosed an insider sell on August 26, according to a recent SEC filing.
What Happened: Parmentier's decision to sell 2,641 shares of Parker Hannifin was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000076334/000106299324015649//Archives/edgar/data/76334/000106299324015649/0001062993-24-015649-index.htm">U.S. Securities and Exchange Commission</a> on Monday. The total value of the sale is $1,554,460.
Tracking the Tuesday's morning session, Parker Hannifin shares are trading at $591.25, showing a down of 0.0%.
<h3>Delving into Parker Hannifin's Background</h3>
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.
<h3>Financial Milestones: Parker Hannifin's Journey</h3>
Revenue Growth: Parker Hannifin's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 1.78%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: The company faces challenges with a low gross margin of 35.94%, suggesting potential difficulties in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Parker Hannifin's EPS is a standout, portraying a positive bottom-line trend that exceeds the industry average with a current EPS of 6.1.
</li>
</ul>
Debt Management: Parker Hannifin's debt-to-equity ratio surpasses industry norms, standing at 0.87. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Evaluating Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 27.07 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 3.86 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Parker Hannifin's EV/EBITDA ratio, surpassing industry averages at 17.14, positions it with an above-average valuation in the market.
</li>
</ul>
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.
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<h3>Exploring the Significance of Insider Trading</h3>
Insider transactions serve as a piece of the puzzle in investment decisions, rather than the entire picture.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>Navigating the World of Insider Transaction Codes</h3>
In the domain of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their focus to those taking place in the open market, as meticulously outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000076334">Check Out The Full List Of Parker Hannifin's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Chief Executive Officer Of Parker Hannifin Sold $1.55M In Stock

Parker Hannifin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PH#NYSE">PH</a>) has outperformed the market over the past 20 years by 6.56% on an annualized basis producing an average annual return of 14.94%. Currently, Parker Hannifin has a market capitalization of $75.49 billion. 
Buying $1000 In PH: If an investor had bought $1000 of PH stock 20 years ago, it would be worth $16,295.78 today based on a price of $587.30 for PH at the time of writing.
<h3>Parker Hannifin's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724360426_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 20 Years Ago Would Be Worth $16,000 Today

Evercore ISI Group analyst David Raso maintains Parker Hannifin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PH#NYSE">PH</a>) with a Outperform and raises the price target from $620 to $656.

Evercore ISI Group Maintains Outperform on Parker Hannifin, Raises Price Target to $656

Deutsche Bank analyst Nicole Deblase maintains Parker Hannifin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PH#NYSE">PH</a>) with a Buy and raises the price target from $595 to $645.

Deutsche Bank Maintains Buy on Parker Hannifin, Raises Price Target to $645

Wells Fargo analyst Joseph O'Dea maintains Parker Hannifin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PH#NYSE">PH</a>) with a Overweight and raises the price target from $600 to $640.

Wells Fargo Maintains Overweight on Parker Hannifin, Raises Price Target to $640

Truist Securities analyst Jamie Cook reiterates Parker Hannifin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PH#NYSE">PH</a>) with a Buy and raises the price target from $621 to $673.

Reiteration

Truist Securities Reiterates Buy on Parker Hannifin, Raises Price Target to $673

Across the recent three months, 10 analysts have shared their insights on Parker Hannifin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PH#NYSE">PH</a>), expressing a variety of opinions spanning from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Parker Hannifin, revealing an average target of $624.8, a high estimate of $654.00, and a low estimate of $600.00. This current average reflects an increase of 2.24% from the previous average price target of $611.11. 
<img src="https://www.benzinga.com/files/images/story/2024/1723208489_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The analysis of recent analyst actions sheds light on the perception of Parker Hannifin by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Mircea Dobre</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$654.00</td>
<td>$622.00</td>
</tr>
<tr>
<td>Nathan Jones</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Buy</td>
<td>$613.00</td>
<td>$629.00</td>
</tr>
<tr>
<td>Joseph O'Dea</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$600.00</td>
<td>$630.00</td>
</tr>
<tr>
<td>Nathan Jones</td>
<td>Stifel</td>
<td>Maintains</td>
<td>Buy</td>
<td>$629.00</td>
<td>$629.00</td>
</tr>
<tr>
<td>Jamie Cook</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$621.00</td>
<td>$611.00</td>
</tr>
<tr>
<td>Tim Thein</td>
<td>Raymond James</td>
<td>Announces</td>
<td>Outperform</td>
<td>$610.00</td>
<td>-</td>
</tr>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$610.00</td>
<td>$618.00</td>
</tr>
<tr>
<td>Brett Linzey</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Buy</td>
<td>$650.00</td>
<td>$550.00</td>
</tr>
<tr>
<td>Andrew Obin</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$650.00</td>
<td>$600.00</td>
</tr>
<tr>
<td>Jamie Cook</td>
<td>Truist Securities</td>
<td>Maintains</td>
<td>Buy</td>
<td>$611.00</td>
<td>$611.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>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.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Parker Hannifin compared to the broader market.</li>
<li>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.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Parker Hannifin's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/PH/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Parker Hannifin analyst ratings.</a>
<h2>Get to Know Parker Hannifin Better</h2>
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.
<h3>A Deep Dive into Parker Hannifin's Financials</h3>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Growth: Parker Hannifin displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 0.25%. This indicates a notable increase in the company's 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: Parker Hannifin's net margin excels beyond industry benchmarks, reaching 14.32%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 6.35%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Parker Hannifin's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.45%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 0.98, caution is advised due to increased financial risk.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
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.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Landscape: 10 Takes On Parker Hannifin

Parker Hannifin (PH) Gets a Buy from Wells Fargo

These stocks are expected to benefit from the reshoring trend currently happening

Bank of America Securities analyst Andrew Obin maintained a Buy rating on Parker Hannifin (PH – Research Report) today. The company's shares closed...

Bank of America Securities Remains a Buy on Parker Hannifin (PH)

Parker-Hannifin: Shares Continue Flying, But Still Grounded In Solid Fundamentals

The industrial automation industry's long-term growth is fueled by the rapid adoption of automation across several sectors. Therefore, it could be wise to watch industrial automation stocks Honeywell International (HON), Parker-Hannifin (PH), and Rockwell Automation (ROK) in 2024. Read more... The industrial automation market is a dynamic and rapidly evolving sector that revolutionizes traditional manufacturing processes by integrating cutting-edge technologies.
Hence, investors could consider watching fundamentally sound industrial stocks: Honeywell International Inc. (<a href="https://stocknews.com/stock/HON/">HON</a>), Parker-Hannifin Corporation (<a href="https://stocknews.com/stock/PH/">PH</a>), and Rockwell Automation, Inc. (<a href="https://stocknews.com/stock/ROK/">ROK</a>) in 2024.
The industrial automation market is expected to grow at a <a href="https://researchandmarkets.com/report/industrial-automation">CAGR of 7.4%</a> until 2028. Industries execute automation processes to increase productivity and decrease the employees costing and other associated expenses. Therefore, it has become crucial for companies to exploit their productivity through automation, which leads to the shifting demands of the end-users.
Moreover, the rising demand for high-quality products that comply with <a href="https://www.rootsanalysis.com/industrial-automation-market">strict government and regulatory standards</a> is pushing companies to implement automation solutions. These technologies ensure product consistency and compliance with regulations. Notably, the influx of acquisitions is leading to significant investments to boost the overall market.
Considering these factors, let's take a look at the fundamentals of the three automation stocks.
Honeywell International Inc. (<a href="https://stocknews.com/stock/HON/">HON</a>)
HON engages in aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses internationally. It operates through Aerospace; Honeywell Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions segments.
On August 14, HON launched INNCOM Direct, an easy-to-install energy management system that uses automation to help improve energy efficiency in mid-market hotel properties. Its launch supports HON's business alignment around three compelling megatrends, including automation and the energy transition.
On July 22, HON was selected by United Airlines to provide a wide range of avionics for new 737 MAX aircraft set up to enter service over the next decade, including technologies such as the industry's only 3D weather radar, flight recorders, and advanced traffic avoidance systems.
HON's trailing-12-month ROCE of 33.78% is 163.4% higher than the industry average of 12.82%. Also, the stock's trailing-12-month ROTC and ROTA of 11.29% and 8.34% are 59.2% and 69% higher than the industry averages of 7.08% and 4.93%, respectively.
For the second quarter, which ended on June 30, 2024, HON's <a href="https://www.investopedia.com/terms/n/netsales.asp">net sales</a> increased by 4.7% year-over-year to $9.58 billion. Its operating income of $1.98 billion reflects a growth of 5% from the prior year's quarter. Net income attributable to HON and its EPS stood at $1.54 billion and $2.36, up 3.8% and 6.3% year-over-year, respectively.
According to the company's updated 2024 outlook, HON expects its sales to range between $39.10 billion and $39.70 billion. It also anticipates adjusted EPS in the range of $10.05 to $10.25, reflecting a solid increase of 6% to 8%. And its free cash flow has been raised to $5.50 billion - $5.90 billion for the full year.
Street expects HON's revenue and EPS for the third quarter (ending September 2024) to increase 7.6% and 10.3% year-over-year to $9.91 billion and $2.50, respectively. Moreover, the company surpassed the consensus EPS estimates in all four trailing quarters, which is impressive.
HON's stock has increased 3% over the past six months and 10.2% over the past year to close the last trading session at $207.03.
HON's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its outlook. The stock has a B grade for Stability. It is ranked #47 in the 78-stock A-rated <a href="https://stocknews.com/category/industrial-machinery/">Industrial - Machinery</a> industry. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
Beyond what is stated above, we've also rated HON for Value, Quality, Growth, Momentum, and Sentiment. Get all HON ratings <a href="https://stocknews.com/stock/HON/">here</a>.
Parker-Hannifin Corporation (<a href="https://stocknews.com/stock/PH/">PH</a>)
PH 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.
In terms of the trailing-12-month net income margin, PH's 14.27% is 123.8% higher than the 6.47% industry average. Likewise, its 25.40% trailing-12-month ROCE is 98.1% higher than the industry average of 12.82%. Furthermore, the stock's 10.80% trailing-12-month ROTC is 51.4% higher than the industry average of 7.13%.
PH's sales for the fiscal fourth quarter, which ended on June 30, 2024, stood at $2.23 billion. Its net income rose 10.6% over the prior-year quarter to $784.96 million. The company's earnings per share increased 10.7% year-over-year to $6.01.
PH's revenue is expected to increase 1.1% year-over-year to $4.90 billion for the first quarter ending September 2024. Its EPS is expected to grow 3% year-over-year to $6.14. The company surpassed its EPS estimates in each of the trailing four quarters, which is promising.
Shares of PH have gained 26.4% over the past three months to close the last trading session at $635.40.
PH's POWR Ratings reflect bright prospects. The stock has an overall rating of B, which equates to Buy in our proprietary rating system.
PH has a B grade for Quality and Stability. It is ranked #32 out of 86 stocks in the <a href="https://stocknews.com/category/industrial-equipment/">Industrial - Equipment</a> industry.
In addition to the POWR Ratings highlighted above, one can access PH's ratings for Growth, Value, Sentiment, and Momentum <a href="https://stocknews.com/stock/PH/">here</a>.
Rockwell Automation, Inc. (<a href="https://stocknews.com/stock/ROK/">ROK</a>)
ROK offers industrial automation and digital transformation solutions. The company operates through three segments: Intelligent Devices; Software &amp; Control; and Lifecycle Services. It provides hardware and software products and services, network and security infrastructure solutions, and consulting and professional services.
ROK's trailing-12-month levered FCF margin of 12.41% is 92% higher than the 6.47% industry average.
ROK's sales for the third quarter ended June 30, 2024, amounted to $2.05 billion. Its gross profit increased 4.9% from the previous quarter to $833.40 billion. Its adjusted net income and non-GAAP EPS amounted to $311.30 million and $2.71.
Analysts expect ROK's EPS for the quarter ending December 31, 2024, to increase 9.2% year-over-year to $2.23. Its revenue for the quarter ending March 31, 2025, is expected to grow 1.8% year-over-year to $2.16 billion.
It surpassed the consensus revenue and EPS estimates in each of the trailing four quarters. ROK's stock has gained 3.7% over the past month to close the last trading session at $277.89.
ROK's fundamentals are reflected in its POWR Ratings. ROK has a B grade for Quality. It is ranked #55 out of 78 stocks in the A-rated Industrial - Machinery industry.
<a href="https://stocknews.com/stock/ROK/">Click here</a> to access the additional ROK ratings (Momentum, Value, Stability, Growth, and Sentiment).
What To Do Next?
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<hr />
HON shares were trading at $208.11 per share on Friday afternoon, up $1.08 (+0.52%). Year-to-date, HON has gained 0.86%, versus a 21.46% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/hon-ph-rok-3-industrial-automation-stocks-to-watch-in-2024/>3 Industrial Automation Stocks to Watch in 2024</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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