Joseph C Giordano, an analyst from TD Cowen, maintained the Hold rating on Parker Hannifin. The associated price target is $650.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Joseph C Giordano’s rating is based on several factors, including the current positioning of Parker Hannifin’s shares, which have already been re-rated towards a quality group. While the company’s guidance appears achievable, particularly in the industrial segment, it is not particularly exciting, with the exception of the aerospace division, which continues to perform well.
Despite strong execution, there is a need for clear momentum in the industrial segment, as the financial model anticipates a ramp-up by FY26, even though recent orders have shown a deceleration and have been relatively flat. The price target is based on a valuation of approximately 22x/20x earnings.