10 Best Long-Term Dividend Stocks to Invest In According to Billionaires

6. Parker-Hannifin Corporation (NYSE:PH)

Number of Billionaire Holders: 25

On May 26, Wells Fargo lowered the firm’s price recommendation on Parker-Hannifin Corporation (NYSE:PH) to $950 from $980. It reiterated an Overweight rating on the shares. Analyst Joseph O’Dea noted that Wall Street’s current consensus calls for 2027 earnings per share of about $34.00. Based on pending acquisitions that have not yet closed and a conservative tax assumption, Wells Fargo expects the company’s initial earnings guidance midpoint to range between $33.00 and $33.30 per share. The analyst added that earnings could ultimately rise above $34.50 per share if the acquisitions are completed, the tax rate comes in lower, and incremental margins perform slightly better than expected.

On May 1, Truist raised its price goal on PH to $1,147 from $1,139. It kept a Buy rating on the shares. The firm cited the company’s third-quarter earnings beat and pointed to continued strength in order activity. According to the analyst, Parker-Hannifin is seeing solid order momentum across a wide range of end markets, with demand remaining healthy in both short-cycle and long-cycle businesses.

Parker-Hannifin Corporation (NYSE:PH) specializes in motion and control technologies. The company designs and manufactures highly engineered solutions and provides aftermarket support for its products. Its operations are organized into two segments: Diversified Industrial and Aerospace Systems.

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