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Analysts Offer Insights on Industrial Goods Companies: Parker Hannifin (PH) and Fastenal Company (FAST)

Tipranks - Tipranks - Tue Jun 9, 5:00AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Parker Hannifin (PH) and Fastenal Company (FAST) with bullish sentiments.

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Parker Hannifin (PH)

Citi analyst Andrew Kaplowitz maintained a Buy rating on Parker Hannifin today and set a price target of $1141.00. The company’s shares closed last Friday at $882.34.

According to TipRanks.com, Kaplowitz is a top 100 analyst with an average return of 26.0% and a 67.7% success rate. Kaplowitz covers the Industrial Goods sector, focusing on stocks such as Madison Air Solutions Corp. Class A, Atkore International Group, and Emerson Electric Company. ;'>

Parker Hannifin has an analyst consensus of Strong Buy, with a price target consensus of $1038.69, a 18.7% upside from current levels. In a report released today, Barclays also maintained a Buy rating on the stock with a $1020.00 price target.

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Fastenal Company (FAST)

Bank of America Securities analyst Andrew Obin reiterated a Buy rating on Fastenal Company on June 5 and set a price target of $55.00. The company’s shares closed last Friday at $46.79.

According to TipRanks.com, Obin is a 5-star analyst with an average return of 20.3% and a 67.7% success rate. Obin covers the Industrial Goods sector, focusing on stocks such as Madison Air Solutions Corp. Class A, Applied Industrial Technologies, and Emerson Electric Company. ;'>

Fastenal Company has an analyst consensus of Moderate Buy, with a price target consensus of $48.50, implying a 2.5% upside from current levels. In a report issued on June 4, Jefferies also maintained a Buy rating on the stock with a $52.00 price target.

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