Parker-Hannifin (PH) Gets Price Target Boost to $1,038 from Morgan Stanley

Parker-Hannifin Corporation (NYSE:PH) is included among the Goldman Sachs Dividend Stocks: Top 14 Stock Picks.

On February 24, Morgan Stanley raised its price recommendation on Parker-Hannifin Corporation (NYSE:PH) to $1,038 from $945. It reiterated an Equal Weight rating on the stock. The update came after analysts adjusted their model to reflect actual results and rolled forward their estimates.

Earlier, on February 9, Parker released its fiscal 2025 Sustainability Report. The report carried the theme “Purpose in Motion.” It showed how employees put the company’s purpose into practice, which it defines as Enabling Engineering Breakthroughs that Lead to a Better Tomorrow.

The report laid out several key efforts. It explained how employees focus on safety and work to protect one another. It also described how the company partners with customers to develop cleaner technologies. These efforts aim to improve efficiency and lower emissions, water use, and waste.

The report also highlighted Parker’s involvement in communities. Employees contribute through philanthropy and volunteer work. This reflects the company’s broader focus on social responsibility, not just operations.

Parker-Hannifin Corporation (NYSE:PH) operates in motion and control technologies. The company designs and manufactures engineered solutions and provides aftermarket support. Its business runs through two main segments: Diversified Industrial and Aerospace Systems.

While we acknowledge the potential of PH as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 13 Best Strong Buy Dividend Stocks to Invest In and 14 Best Low Volatility Dividend Stocks to Invest In

Disclosure: None.  Follow Insider Monkey on Google News.