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Investing.com - KeyBanc raised its price target on Parker-Hannifin (NYSE:PH) to $810.00 from $790.00 on Friday, while maintaining an Overweight rating on the stock following the company’s fourth-quarter fiscal 2025 earnings report. The new target sits within the analyst range of $500-$880, with the stock currently trading at $725.36, having delivered an impressive 29% return over the past year.
The investment firm cited Parker-Hannifin’s "uniquely strong execution" amid a challenging industrial backdrop, while noting the company has effectively capitalized on strong aerospace tailwinds. According to InvestingPro data, the company’s excellence is reflected in its perfect Piotroski Score of 9, indicating superior financial strength.
KeyBanc expressed continued confidence in potential upward earnings revisions and share re-rating for Parker-Hannifin, highlighting benefits from portfolio improvements that are becoming evident in the company’s financial results.
The firm indicated that an eventual improvement in short-cycle business could provide additional momentum for Parker-Hannifin shares.
The price target increase represents KeyBanc’s positive outlook on Parker-Hannifin’s performance despite what it described as a "choppy" industrial environment. Based on InvestingPro’s Fair Value analysis, the stock appears to be trading near its fair value, with 12 additional exclusive insights available to subscribers.
In other recent news, Parker-Hannifin Corporation concluded its fiscal year 2025 on a high note, surpassing earnings expectations. The company reported earnings per share (EPS) of $7.15, exceeding the forecasted $7.11. Additionally, Parker-Hannifin’s revenue reached $5.2 billion, outpacing the anticipated $5.11 billion. These results highlight the company’s strong financial performance. While the earnings and revenue figures were the primary focus, the positive results also contributed to a significant pre-market stock movement. However, the stock price movement itself is not the focus here. These developments mark significant milestones for Parker-Hannifin and are of interest to investors monitoring recent company performance.
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