Wells Fargo Sticks to Their Buy Rating for Parker Hannifin (PH)

Wells Fargo analyst Joe O’Dea maintained a Buy rating on Parker Hannifin today and set a price target of $1,050.00.

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According to TipRanks, O’Dea is a 5-star analyst with an average return of 11.2% and a 63.64% success rate. O’Dea covers the Industrials sector, focusing on stocks such as Dover, Honeywell International, and Parker Hannifin.

In addition to Wells Fargo, Parker Hannifin also received a Buy from TipRanks – DeepSeek’s DeepSeek Industrial – Machinery in a report issued today. However, on the same day, Stifel Nicolaus maintained a Hold rating on Parker Hannifin (NYSE: PH).

Based on Parker Hannifin’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.17 billion and a net profit of $845 million. In comparison, last year the company earned a revenue of $4.74 billion and had a net profit of $948.54 million

Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PH in relation to earlier this year. Last month, Andrew Ross, the COO of PH sold 2,488.00 shares for a total of $2,226,298.92.