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Parker-Hannifin (PH) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

PH Stock Forecast

Parker-Hannifin stock forecast is as follows: an average price target of $690.33 (represents a 6.66% upside from PH’s last price of $647.20) and a rating consensus of 'Buy', based on 12 wall street analysts offering a 1-year stock forecast.

PH Price Target

The average price target for Parker-Hannifin (PH) is $690.33 based on 1-year price targets from 12 Wall Street analysts in the past 3 months, with a price target range of $842.00 to $610.00. This represents a potential 6.66% upside from PH's last price of $647.20.

PH Analyst Ratings

Buy

According to 12 Wall Street analysts, Parker-Hannifin's rating consensus is 'Buy'. The analyst rating breakdown for PH stock is 0 'Strong Buy' (0.00%), 10 'Buy' (83.33%), 2 'Hold' (16.67%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Parker-Hannifin Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 13, 2024Amit MehrotraUBS$842.00$569.8147.77%30.10%
Oct 14, 2024Jeffrey HammondKeyBanc$725.00$637.1513.79%12.02%
Sep 20, 2024Brett LinzeyMizuho Securities$665.00$626.056.22%2.75%
Aug 16, 2024John EadeArgus Research$650.00$590.8410.01%0.43%
Aug 09, 2024Julian MitchellBarclays$650.00$568.0814.42%0.43%
Jun 27, 2024Tim TheinRaymond James$610.00$504.2220.98%-5.75%
Jun 04, 2024Julian MitchellBarclays$610.00$513.0818.89%-5.75%
May 28, 2024Brett LinzeyMizuho Securities$650.00$529.8322.68%0.43%
May 17, 2024Jeffrey HammondKeyBanc$640.00$544.4917.54%-1.11%
May 17, 2024Joe RitchieGoldman Sachs$700.00$544.4028.58%8.16%
May 06, 2024John EadeArgus Research$590.00$536.1810.04%-8.84%
May 03, 2024Brett LinzeyMizuho Securities$550.00$530.683.64%-15.02%
Apr 03, 2024Nathan JonesStifel Nicolaus$629.00$559.0612.51%-2.81%
Mar 13, 2024Jamie CookTruist Financial$602.00$539.5611.57%-6.98%
May 08, 2022Brett LinzeyMizuho Securities$290.00$271.546.80%-55.19%
Apr 18, 2022Nathan JonesStifel Nicolaus$338.00$273.8723.42%-47.78%
Apr 05, 2022Julian MitchellBarclays$350.00$274.4327.54%-45.92%
Mar 05, 2022Stephen VolkmannJefferies$350.00$283.8523.30%-45.92%
Dec 12, 2021Joe RitchieGoldman Sachs$375.00$313.0719.78%-42.06%
Nov 19, 2021Joseph C GiordanoCowen & Co.$260.00$328.67-20.89%-59.83%
Nov 05, 2021Ann DuignanJ.P. Morgan$310.00$323.67-4.22%-52.10%
Nov 05, 2021Jeffrey HammondKeyBanc$385.00$323.6718.95%-40.51%
Oct 11, 2021Scott DavisMelius Research$458.00$285.5960.37%-29.23%
Oct 11, 2021Nathan JonesStifel Nicolaus$342.00$285.5919.75%-47.16%
May 05, 2021John EadeArgus Research$345.00$311.6010.72%-46.69%
Apr 29, 2021Andrew ObinBank of America Securities$385.00$309.8524.25%-40.51%
Apr 12, 2021Joshua PokrzywinskiMorgan Stanley$355.00$317.0111.98%-45.15%

The latest Parker-Hannifin stock forecast, released on Nov 13, 2024 by Amit Mehrotra from UBS, set a price target of $842.00, which represents a 47.77% increase from the stock price at the time of the forecast ($569.81), and a 30.10% increase from PH last price ($647.20).

Parker-Hannifin Price Target by Period

1M3M12M
# Anlaysts-314
Avg Price Target-$744.00$650.93
Last Closing Price$647.20$647.20$647.20
Upside/Downside-100.00%14.96%0.58%

In the current month, the average price target of Parker-Hannifin stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Parker-Hannifin's last price of $647.20. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Nov 13, 2024UBSBuyInitialise
Nov 12, 2024Cowen & Co.HoldHoldHold
Oct 14, 2024KeyBancOverweightOverweightHold
Oct 03, 2024NeedhamUnderperformUnderperformHold
Oct 02, 2024BarclaysOverweightOverweightHold
Sep 11, 2024Cowen & Co.HoldHoldHold
Sep 04, 2024Truist FinancialUnderperformUnderperformHold
Sep 04, 2024Wells FargoBuyBuyHold
Sep 04, 2024Raymond JamesOutperformOutperformHold
Aug 09, 2024Deutsche BankBuyBuyHold
Aug 09, 2024Truist FinancialUnderperformUnderperformHold
Aug 09, 2024Wells FargoBuyBuyHold
Aug 09, 2024BarclaysOverweightOverweightHold
Aug 08, 2024H.C. WainwrightUnderperformUnderperformHold
Jul 18, 2024H.C. WainwrightUnderperformUnderperformHold
Jun 28, 2024Truist FinancialUnderperformUnderperformHold
Jun 28, 2024Wells FargoBuyBuyHold
Jun 27, 2024Raymond JamesOutperformInitialise
Jun 04, 2024BarclaysOverweightOverweightHold
Jun 03, 2024H.C. WainwrightUnderperformUnderperformHold
May 28, 2024Mizuho SecuritiesBuyUpgrade
May 28, 2024Wells FargoMarket PerformMarket PerformHold
May 28, 2024Truist FinancialUnderperformUnderperformHold
May 17, 2024KeyBancOverweightOverweightHold
May 17, 2024Goldman SachsConviction BuyConviction BuyHold
May 03, 2024Stifel NicolausUnderperformUnderperformHold
May 03, 2024Truist FinancialMarket PerformMarket PerformHold
Apr 02, 2024Evercore ISIUnderperformUnderperformHold
Apr 02, 2024Stifel NicolausMarket PerformMarket PerformHold
Apr 02, 2024BarclaysOverweightOverweightHold
Mar 01, 2024Wells FargoMarket PerformMarket PerformHold
Mar 01, 2024Stifel NicolausUnderperformUnderperformHold
Mar 01, 2024Cowen & Co.OutperformMarket PerformUpgrade
Feb 05, 2024Stifel NicolausUnderperformUnderperformHold
Jan 19, 2024Wells FargoBuyBuyHold
Nov 09, 2023Cowen & Co.OutperformUpgrade
Nov 09, 2023Evercore ISIOutperformUpgrade
Nov 08, 2023Deutsche BankBuyUpgrade
Oct 05, 2023Bank of America SecuritiesBuyUpgrade
Oct 05, 2023WedbushNeutralInitialise
Oct 05, 2023BMO CapitalOutperformInitialise
Apr 05, 2022BarclaysOverweightOverweightHold
Mar 05, 2022JefferiesBuyBuyHold

Parker-Hannifin's last stock rating was published by UBS on Nov 13, 2024. The company Initialise its PH rating from "null" to "Buy".

Parker-Hannifin Financial Forecast

Parker-Hannifin Revenue Forecast

Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19
Revenue----------$4.82B$4.85B$5.10B$5.06B$4.67B$4.23B$4.19B$4.09B$3.82B$3.76B$3.96B$3.75B$3.41B$3.23B$3.16B$3.70B$3.50B$3.33B$3.68B$3.69B
Avg Forecast$5.71B$5.52B$5.10B$5.06B$5.34B$5.18B$4.81B$4.90B$5.08B$5.07B$4.82B$4.88B$5.01B$4.78B$4.44B$3.95B$4.06B$4.06B$3.71B$3.63B$3.93B$3.73B$3.21B$2.98B$2.87B$3.57B$3.45B$3.33B$3.68B$3.71B
High Forecast$5.81B$5.61B$5.19B$5.14B$5.43B$5.24B$4.84B$4.90B$5.08B$5.07B$4.84B$5.04B$5.09B$4.86B$4.51B$3.95B$4.06B$4.06B$3.71B$3.63B$3.93B$3.73B$3.21B$2.98B$2.87B$3.57B$3.45B$3.33B$3.68B$3.71B
Low Forecast$5.63B$5.44B$5.03B$4.98B$5.26B$5.09B$4.77B$4.90B$5.08B$5.07B$4.78B$4.82B$4.94B$4.71B$4.37B$3.95B$4.06B$4.06B$3.71B$3.63B$3.93B$3.73B$3.21B$2.98B$2.87B$3.57B$3.45B$3.33B$3.68B$3.71B
# Analysts9988810109445136655511121110999995555
Surprise %----------1.00%0.99%1.02%1.06%1.05%1.07%1.03%1.01%1.03%1.04%1.01%1.00%1.06%1.09%1.10%1.04%1.01%1.00%1.00%0.99%

Parker-Hannifin's average Quarter revenue forecast for Mar 24 based on 4 analysts is $5.07B, with a low forecast of $5.07B, and a high forecast of $5.07B. PH's average Quarter revenue forecast represents a 5.07% increase compared to the company's last Quarter revenue of $4.82B (Dec 23).

Parker-Hannifin EBITDA Forecast

Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19
# Analysts9988810109445136655511121110999995555
EBITDA----------$868.16M$820.43M$1.27B$1.13B$893.42M$775.12M$328.88M$639.96M$695.66M$776.31M$864.46M$808.64M$789.13M$629.39M$591.72M$672.46M$481.74M$612.04M$668.74M$685.53M
Avg Forecast$1.16B$1.12B$1.03B$1.03B$1.08B$1.05B$974.02M$992.61M$1.03B$744.29M$975.98M$987.86M$1.02B$676.63M$657.58M$788.11M$810.88M$615.12M$740.57M$724.96M$783.78M$738.05M$641.34M$593.81M$571.75M$479.90M$689.02M$663.48M$733.78M$651.48M
High Forecast$1.18B$1.14B$1.05B$1.04B$1.10B$1.06B$980.11M$993.18M$1.03B$893.15M$980.02M$1.02B$1.03B$811.95M$789.10M$788.11M$810.88M$738.14M$740.57M$724.96M$783.78M$885.66M$641.34M$593.81M$571.75M$575.88M$689.02M$663.48M$733.78M$781.78M
Low Forecast$1.14B$1.10B$1.02B$1.01B$1.07B$1.03B$965.90M$992.03M$1.03B$595.43M$967.90M$975.75M$999.99M$541.30M$526.07M$788.11M$810.88M$492.09M$740.57M$724.96M$783.78M$590.44M$641.34M$593.81M$571.75M$383.92M$689.02M$663.48M$733.78M$521.19M
Surprise %----------0.89%0.83%1.25%1.68%1.36%0.98%0.41%1.04%0.94%1.07%1.10%1.10%1.23%1.06%1.03%1.40%0.70%0.92%0.91%1.05%

4 analysts predict PH's average Quarter EBITDA for Mar 24 to be $744.29M, with a high of $893.15M and a low of $595.43M. This is -14.27% lower than Parker-Hannifin's previous annual EBITDA (Dec 23) of $868.16M.

Parker-Hannifin Net Income Forecast

Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19
# Analysts9988810109445136655511121110999995555
Net Income----------$681.85M$650.83M$708.96M$590.89M$395.24M$387.85M$128.83M$348.02M$387.73M$451.16M$505.74M$471.65M$447.31M$321.41M$295.72M$367.25M$204.47M$338.90M$413.67M$411.25M
Avg Forecast$1.07B$996.63M$899.43M$918.84M$968.03M$910.38M$813.96M$802.66M$813.04M$404.80M$688.63M$695.75M$716.72M$368.00M$366.39M$546.64M$611.21M$334.55M$511.87M$482.28M$564.94M$430.47M$339.52M$304.80M$196.83M$262.09M$297.17M$346.92M$406.49M$390.82M
High Forecast$1.09B$1.02B$918.59M$938.41M$988.65M$926.03M$828.38M$803.00M$813.07M$485.76M$701.78M$719.33M$731.99M$441.60M$439.66M$546.64M$611.21M$401.45M$511.87M$482.28M$564.94M$516.57M$339.52M$304.80M$196.83M$314.51M$297.17M$346.92M$406.49M$468.99M
Low Forecast$1.05B$976.98M$881.70M$900.73M$948.95M$894.73M$803.48M$802.32M$813.01M$323.84M$676.81M$668.23M$702.60M$294.40M$293.11M$546.64M$611.21M$267.64M$511.87M$482.28M$564.94M$344.38M$339.52M$304.80M$196.83M$209.67M$297.17M$346.92M$406.49M$312.66M
Surprise %----------0.99%0.94%0.99%1.61%1.08%0.71%0.21%1.04%0.76%0.94%0.90%1.10%1.32%1.05%1.50%1.40%0.69%0.98%1.02%1.05%

Parker-Hannifin's average Quarter net income forecast for Mar 24 is $404.80M, with a range of $323.84M to $485.76M. PH's average Quarter net income forecast represents a -40.63% decrease compared to the company's last Quarter net income of $681.85M (Dec 23).

Parker-Hannifin SG&A Forecast

Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19
# Analysts9988810109445136655511121110999995555
SG&A----------$806.80M$873.69M$834.94M$868.39M$814.97M$835.80M$426.21M$412.43M$380.71M$407.76M$414.05M$386.83M$356.57M$369.85M$352.79M$413.46M$491.12M$399.18M$391.49M$360.87M
Avg Forecast$763.93M$738.52M$682.60M$676.73M$714.12M$692.64M$642.97M$655.24M$679.60M$479.72M$644.26M$652.10M$670.27M$436.11M$359.87M$518.78M$533.77M$396.47M$487.49M$477.22M$515.93M$353.06M$422.17M$390.88M$376.36M$295.07M$453.56M$436.75M$483.02M$342.94M
High Forecast$776.45M$750.62M$693.79M$687.82M$725.83M$700.67M$646.99M$655.62M$679.60M$575.67M$646.93M$674.46M$681.26M$523.34M$431.85M$518.78M$533.77M$475.76M$487.49M$477.22M$515.93M$423.67M$422.17M$390.88M$376.36M$354.08M$453.56M$436.75M$483.02M$411.53M
Low Forecast$752.35M$727.32M$672.26M$666.47M$703.30M$680.61M$637.61M$654.86M$679.60M$383.78M$638.92M$644.11M$660.11M$348.89M$287.90M$518.78M$533.77M$317.17M$487.49M$477.22M$515.93M$282.45M$422.17M$390.88M$376.36M$236.05M$453.56M$436.75M$483.02M$274.35M
Surprise %----------1.25%1.34%1.25%1.99%2.26%1.61%0.80%1.04%0.78%0.85%0.80%1.10%0.84%0.95%0.94%1.40%1.08%0.91%0.81%1.05%

Parker-Hannifin's average Quarter SG&A projection for Mar 24 is $479.72M, based on 4 Wall Street analysts, with a range of $383.78M to $575.67M. The forecast indicates a -40.54% fall compared to PH last annual SG&A of $806.80M (Dec 23).

Parker-Hannifin EPS Forecast

Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19
# Analysts9988810109445136655511121110999995555
EPS----------$5.31$5.07$5.52$4.61$3.08$3.02$1.00$2.71$3.02$3.50$3.91$3.65$3.47$2.50$2.30$2.86$1.59$2.64$3.22$3.20
Avg Forecast$8.19$7.63$6.88$7.03$7.41$6.97$6.23$6.14$6.22$6.12$5.27$5.32$5.48$5.02$4.46$4.18$4.68$4.65$3.92$3.69$4.32$3.78$2.60$2.33$1.51$2.24$2.27$2.66$3.11$3.01
High Forecast$8.37$7.79$7.03$7.18$7.57$7.09$6.34$6.14$6.22$6.12$5.37$5.50$5.60$5.12$4.56$4.18$4.68$4.65$3.92$3.69$4.32$3.78$2.60$2.33$1.51$2.24$2.27$2.66$3.11$3.01
Low Forecast$8.03$7.48$6.75$6.89$7.26$6.85$6.15$6.14$6.22$6.12$5.18$5.11$5.38$4.92$4.37$4.18$4.68$4.65$3.92$3.69$4.32$3.78$2.60$2.33$1.51$2.24$2.27$2.66$3.11$3.01
Surprise %----------1.01%0.95%1.01%0.92%0.69%0.72%0.21%0.58%0.77%0.95%0.90%0.97%1.34%1.07%1.53%1.28%0.70%0.99%1.03%1.06%

According to 4 Wall Street analysts, Parker-Hannifin's projected average Quarter EPS for Mar 24 is $6.12, with a low estimate of $6.12 and a high estimate of $6.12. This represents a 15.17% increase compared to PH previous annual EPS of $5.31 (Dec 23).

Parker-Hannifin Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
AOSA. O. Smith$70.81$85.8021.17%Buy
DOVDover$196.54$212.638.19%Buy
EMREmerson Electric$128.08$136.756.77%Buy
ETNEaton$347.08$370.006.60%Buy
IEXIDEX$222.19$232.004.42%Buy
PHParker-Hannifin$665.99$690.333.65%Buy
PNRPentair$105.49$107.802.19%Buy
FLSFlowserve$59.83$60.200.62%Buy
CMICummins$361.23$363.330.58%Buy
ROKRockwell Automation$293.49$284.33-3.12%Buy
ITWIllinois Tool Works$267.88$255.67-4.56%Hold

PH Forecast FAQ

Is Parker-Hannifin a good buy?

Yes, according to 12 Wall Street analysts, Parker-Hannifin (PH) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 10 'Buy' recommendations, accounting for 83.33% of PH's total ratings.

What is PH's price target?

Parker-Hannifin (PH) average price target is $690.33 with a range of $610 to $842, implying a 6.66% from its last price of $647.2. The data is based on 12 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Parker-Hannifin stock go up soon?

According to Wall Street analysts' prediction for PH stock, the company can go up by 6.66% (from the last price of $647.2 to the average price target of $690.33), up by 30.10% based on the highest stock price target, and down by -5.75% based on the lowest stock price target.

Can Parker-Hannifin stock reach $1K?

PH's average twelve months analyst stock price target of $690.33 does not support the claim that Parker-Hannifin can reach $1K in the near future.

What are Parker-Hannifin's analysts' financial forecasts?

Parker-Hannifin's analysts financial forecasts for the fiscal year (Jun 2025) are as follows: average revenue is $20.23B (high $20.41B, low $20.01B), average EBITDA is $4.1B (high $4.13B, low $4.05B), average net income is $3.5B (high $3.55B, low $3.45B), average SG&A $2.7B (high $2.73B, low $2.68B), and average EPS is $26.74 (high $27.14, low $26.4). PH's analysts financial forecasts for the fiscal year (Jun 2026) are as follows: average revenue is $21.4B (high $21.75B, low $21.08B), average EBITDA is $4.34B (high $4.41B, low $4.27B), average net income is $3.89B (high $3.97B, low $3.81B), average SG&A $2.86B (high $2.91B, low $2.82B), and average EPS is $29.73 (high $30.37, low $29.15).

Did the PH's actual financial results beat the analysts' financial forecasts?

Based on Parker-Hannifin's last annual report (Jun 2023), the company's revenue was $19.07B, beating the average analysts forecast of $18.18B by 4.84%. Apple's EBITDA was $4.07B, beating the average prediction of $3.14B by 29.77%. The company's net income was $2.08B, beating the average estimation of $2B by 4.26%. Apple's SG&A was $3.35B, beating the average forecast of $1.99B by 68.97%. Lastly, the company's EPS was $16.23, missing the average prediction of $19.15 by -15.23%. In terms of the last quarterly report (Dec 2023), Parker-Hannifin's revenue was $4.82B, beating the average analysts' forecast of $4.82B by 0.06%. The company's EBITDA was $868.16M, missing the average prediction of $975.98M by -11.05%. Parker-Hannifin's net income was $681.85M, missing the average estimation of $688.63M by -0.98%. The company's SG&A was $806.8M, beating the average forecast of $644.26M by 25.23%. Lastly, the company's EPS was $5.31, beating the average prediction of $5.27 by 0.77%