<div id="readability-page-1"><p><span>Parker-Hannifin (NYSE:PH - Get Free Report)</span> had its price objective reduced by stock analysts at Citigroup  from $795.00 to $665.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a &#34;buy&#34; rating on the industrial products company's stock. Citigroup's price target points to a potential upside of 16.82% from the stock's current price.</p><div><p><span></span><span>Get <strong>Parker-Hannifin</strong> alerts:</span></p></div><ul><li>Homebuilders in Freefall: Bargain Opportunity or Falling Knife?</li></ul><p>A number of other research firms also recently weighed in on PH. Wolfe Research downgraded Parker-Hannifin from an &#34;outperform&#34; rating to a &#34;peer perform&#34; rating in a report on Thursday, April 3rd. StockNews.com cut Parker-Hannifin from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research report on Wednesday, March 19th. Wells Fargo &amp; Company raised their price objective on Parker-Hannifin from $710.00 to $775.00 and gave the company an &#34;overweight&#34; rating in a report on Friday, January 31st. Evercore ISI upped their price target on shares of Parker-Hannifin from $777.00 to $824.00 and gave the company an &#34;outperform&#34; rating in a research report on Wednesday, February 19th. Finally, UBS Group lowered their price objective on Parker-Hannifin from $842.00 to $805.00 and set a &#34;buy&#34; rating for the company in a research report on Friday, January 31st. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of &#34;Moderate Buy&#34; and a consensus price target of $705.35.</p><p><b>View Our Latest Stock Report on Parker-Hannifin</b></p><h2>Parker-Hannifin Stock Up 0.7 %</h2><ul><li>PulteGroup Earnings Signal Potential Entry Points for Investors</li></ul><p>Shares of Parker-Hannifin stock traded up $3.87 during trading hours on Monday, reaching $569.24. 759,758 shares of the company's stock were exchanged, compared to its average volume of 711,872. Parker-Hannifin has a fifty-two week low of $488.45 and a fifty-two week high of $718.44. The stock has a market cap of $73.27 billion, a P/E ratio of 23.56, a P/E/G ratio of 2.85 and a beta of 1.39. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.51. The company has a 50 day moving average of $631.27 and a two-hundred day moving average of $651.01. </p><p>Parker-Hannifin (NYSE:PH - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The industrial products company reported $6.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.23 by $0.30. Parker-Hannifin had a return on equity of 27.34% and a net margin of 15.87%.  On average, sell-side analysts forecast that  Parker-Hannifin will post 26.71 EPS for the current fiscal year. </p><h2>Institutional Trading of Parker-Hannifin</h2><ul><li>As Home Prices Hit Highs, These Apartment REITs Offer Growth</li></ul><p>Institutional investors and hedge funds have recently modified their holdings of the business. Global Retirement Partners LLC boosted its stake in  Parker-Hannifin by 1.1% in the fourth quarter. Global Retirement Partners LLC now owns 1,392 shares of the industrial products company's stock valued at $886,000 after acquiring an additional 15 shares during the last quarter.  FFT Wealth Management LLC increased its holdings in shares of  Parker-Hannifin by 1.3% in the fourth quarter. FFT Wealth Management LLC now owns 1,150 shares of the industrial products company's stock worth $732,000 after purchasing an additional 15 shares during the period.  GenTrust LLC raised its position in shares of  Parker-Hannifin by 2.9% during the 4th quarter. GenTrust LLC now owns 524 shares of the industrial products company's stock valued at $333,000 after buying an additional 15 shares in the last quarter.  First Manhattan CO. LLC. increased its position in shares of  Parker-Hannifin by 1.0% during the 4th quarter. First Manhattan CO. LLC. now owns 1,580 shares of the industrial products company's stock valued at $1,005,000 after purchasing an additional 15 shares during the last quarter.  Finally, Grove Bank &amp; Trust boosted its stake in shares of  Parker-Hannifin by 11.9% in the 4th quarter. Grove Bank &amp; Trust now owns 150 shares of the industrial products company's stock valued at $95,000 after purchasing an additional 16 shares in the last quarter. 82.44% of the stock is owned by hedge funds and other institutional investors. </p><h2>Parker-Hannifin Company Profile</h2> (Get Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Parker-Hannifin</li><li>How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?</li><li>Why NVIDIA Stock Could Soar Despite Wall Street Downgrades</li><li>Options Trading - Understanding  Strike Price</li><li>Top 3 Large Cap Stocks Insiders Bought in Q1: Buy, Sell, or Hold</li><li>The Most Important Warren Buffett Stock for Investors: His Own</li><li>3 Hot New IPOs Defying the 2025 Market Slump</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBI?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBI"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Parker-Hannifin Right Now?</h2><p>Before you consider Parker-Hannifin, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Parker-Hannifin wasn't on the list.</p><p>While Parker-Hannifin currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Citigroup has reduced its price target for Parker-Hannifin (NYSE:PH) from $795.00 to $665.00 while maintaining a "buy" rating. This new target suggests a potential upside of 16.82% from the current stock price. Other analysts have also adjusted their ratings, with Wolfe Research downgrading to "peer perform" and Wells Fargo raising their target to $775.00. Currently, Parker-Hannifin has a consensus rating of "Moderate Buy" and a price target of $705.35. The stock traded at $569.24, up 0.7% during trading hours.</p>

Parker-Hannifin (NYSE:PH) Price Target Cut to $665.00 by Analysts at Citigroup