Citi Opens 90-Day Upside Catalyst Watch on Parker-Hannifin (PH) Ahead of Q4 Results

With a net profit margin of 16.58%, Parker-Hannifin Corporation (NYSE:PH) is included among the 10 Most Profitable Dividend Stocks to Invest In Now. 

Citi opened a “90-day upside catalyst watch” on Parker-Hannifin Corporation (NYSE:PH) on June 8. The firm reiterated its Buy rating and $1,141 price target on the stock. It said it remains optimistic ahead of the company’s fiscal Q4 results, pointing to confidence in Parker-Hannifin’s ability to deliver 35% incremental margins through fiscal 2028.

Earlier, on May 26, Wells Fargo analyst Joseph O’Dea reduced the firm’s price target on Parker-Hannifin to $950 from $980 but kept an Overweight rating on the stock. The analyst noted that consensus estimates currently place 2027 EPS at about $34.00. According to Wells Fargo, excluding acquisitions that have not yet closed and applying a conservative tax assumption, the company’s initial guidance midpoint could fall between $33.00 and $33.30 per share. The firm added that with the impact of acquisitions, a lower tax rate, and slightly stronger incremental margins, earnings could eventually exceed $34.50 per share.

Parker-Hannifin Corporation (NYSE:PH) develops motion and control technologies. The company designs, manufactures, and supports highly engineered products and systems through its aftermarket services. It operates through two segments: Diversified Industrial and Aerospace Systems.

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