Wells Fargo raises Parker-Hannifin PT to $800, maintains Overweight rating.

Wells Fargo raises Parker-Hannifin PT to $800, maintains Overweight rating.

Wells Fargo has increased its price target for Parker-Hannifin Corporation (NYSE:PH) to $800, maintaining an "overweight" rating. The move reflects the investment bank's positive outlook on the company's prospects despite recent market volatility. The new price target is significantly higher than the current trading price of $696.70, indicating confidence in Parker-Hannifin's future performance.

Wells Fargo's upgrade comes amidst a period of strong institutional investor interest in Parker-Hannifin. Oversea Chinese Banking Corp Ltd recently acquired a stake in the company, purchasing 406 shares valued at approximately $247,000 in the first quarter. This acquisition, along with other recent purchases by institutional investors, underscores the strong investor confidence in the industrial products company [2].

The investment bank's positive sentiment is supported by the company's strong fundamentals and recent analyst upgrades. Several brokerages have recently increased their target prices for Parker-Hannifin, with Citigroup raising its target to $831.00 and Morgan Stanley boosting its target to $725.00. Wells Fargo's new price target of $800 aligns with the broader positive outlook among analysts, who currently have an average rating of "Moderate Buy" and a consensus target price of $739.59 [2].

Parker-Hannifin manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment [2].

Despite the recent market volatility, Parker-Hannifin has shown resilience, with shares trading down $18.18 on Wednesday, July 1st, hitting $696.70. The company had a trading volume of 1,928,115 shares, compared to its average volume of 754,569. The firm has a market capitalization of $89.02 billion, a price-to-earnings ratio of 26.83, a price-to-earnings-growth ratio of 3.07, and a beta of 1.37. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $745.34. The stock has a fifty day simple moving average of $694.53 and a two-hundred day simple moving average of $655.47. The company has a quick ratio of 0.70, a current ratio of 1.21, and a debt-to-equity ratio of 0.55 [2].

Wells Fargo's upgrade reflects the investment bank's belief that Parker-Hannifin's fundamentals and recent analyst upgrades justify the higher price target. The company's strong fundamentals, along with the recent analyst upgrades, suggest that Parker-Hannifin is well-positioned to weather market volatility and continue its growth trajectory.

References:
[1] https://za.investing.com/news/analyst-ratings/teck-resources-stock-rating-reiterated-at-overweight-by-wells-fargo-93CH-3828949
[2] https://www.marketbeat.com/instant-alerts/filing-oversea-chinese-banking-corp-ltd-takes-position-in-parker-hannifin-corporation-nyseph-2025-08-04/