Parker Hannifin stock hits all-time high at 718.45 USD

Parker Hannifin Corporation’s stock reached an all-time high of 718.45 USD, marking a significant milestone for the company. With a market capitalization of $91.5 billion and a perfect Piotroski Score of 9 according to InvestingPro, the industrial machinery giant shows remarkable financial strength. Over the past year, Parker Hannifin has experienced a robust 40.2% increase in its stock price, reflecting strong investor confidence and positive market performance. This achievement underscores the company’s growth trajectory and its ability to capitalize on market opportunities, evidenced by its "GREAT" financial health rating and P/E ratio of 26.9. The new peak in stock price highlights Parker Hannifin’s successful strategies and operational efficiencies, contributing to its impressive year-over-year performance. However, InvestingPro analysis suggests the stock may be overvalued at current levels, with 12 additional exclusive insights available to subscribers through their comprehensive Pro Research Report.

In other recent news, Parker Hannifin Corporation reported its first-quarter 2025 earnings, exceeding analysts’ expectations with an adjusted earnings per share (EPS) of $6.94, surpassing the forecasted $6.72. However, the company’s revenue slightly missed projections, coming in at $4.96 billion against a forecast of $4.98 billion. In a significant strategic move, Parker Hannifin announced its agreement to acquire Curtis Instruments for approximately $1 billion in cash, aiming to enhance its electrification capabilities. This acquisition is expected to close by the end of 2025, subject to regulatory approvals. In terms of analyst ratings, Morgan Stanley (NYSE:MS) initiated coverage on Parker-Hannifin (NYSE:PH) stock with an Equalweight rating and set a price target of $700, noting the company’s transformation and strong execution. Additionally, Stifel analysts raised their price target for the company to $670 from $630, maintaining a Hold rating. In leadership news, Parker Hannifin disclosed that Robert W. Malone, leader of its Filtration Group, will retire on August 31, 2025, with Matthew A. Jacobson set to succeed him.

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