11,749 Parker-Hannifin Corporation $PH Shares Acquired by Carnegie Lake Advisors LLC

Key Points

• Carnegie Lake Advisors increased its Parker-Hannifin stake by 141.5% in the third quarter, adding 11,749 shares to bring its holdings to 20,055 shares, valued at about $19.2 million.
• Parker-Hannifin reported fiscal Q1 revenue of $5.99 billion and adjusted EPS of $8.90, both above analyst expectations, and raised its FY2027 adjusted EPS outlook to $36.45–$37.25.
• Institutional investors and hedge funds hold 82.44% of the company’s shares; analysts’ consensus rating is Moderate Buy, with an average price target of $1,146.35.

Carnegie Lake Advisors LLC lifted its position in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 141.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,055 shares of the industrial products company's stock after acquiring an additional 11,749 shares during the period. Parker-Hannifin comprises approximately 16.8% of Carnegie Lake Advisors LLC's holdings, making the stock its largest position. Carnegie Lake Advisors LLC's holdings in Parker-Hannifin were worth $19,161,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Polaris Financial Partners purchased a new stake in shares of Parker-Hannifin in the 3rd quarter valued at approximately $26,000. Latitude Advisors LLC purchased a new position in shares of Parker-Hannifin during the third quarter valued at $27,000. Archer Investment Corp acquired a new position in shares of Parker-Hannifin in the 2nd quarter valued at about $28,000. Team Financial Group LLC acquired a new stake in shares of Parker-Hannifin during the third quarter worth approximately $28,000. Finally, Pension & Wealth Management Advisors Inc. purchased a new position in Parker-Hannifin during the third quarter valued at approximately $30,000. Institutional investors and hedge funds own 82.44% of the company's stock.

Insider Transactions at Parker-Hannifin

In related news, VP Berend Bracht sold 602 shares of the company's stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $1,040.47, for a total value of $626,362.94. Following the completion of the sale, the vice president directly owned 4,399 shares in the company, valued at approximately $4,577,027.53. This represents a 12.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.35% of the company's stock.

Parker-Hannifin News Roundup

Here are the key news stories impacting Parker-Hannifin this week:

• Positive Sentiment: Results and outlook topped expectations. Fiscal Q1 sales rose 18% to a record $6.0 billion, with organic growth of 11.5%. Adjusted EPS of $8.90 beat the $8.21 consensus estimate. PH raised FY2027 adjusted EPS guidance to $36.45–$37.25, above analyst estimates, and forecast revenue of $24.9–$25.6 billion, also ahead of consensus. Company earnings release
• Positive Sentiment: Broad demand and operating performance strengthened the growth case. Management cited increased demand across market verticals and record backlog levels. Adjusted segment operating margin expanded to 28.6%, up 120 basis points year over year; the company also raised its outlook for organic sales growth, margins and free cash flow. Zacks earnings analysis
• Neutral Sentiment: Truist lowered its price target but maintained a Buy rating. The firm cut its target to $1,237 from $1,358, a less bullish valuation view that nonetheless remains consistent with a positive recommendation. Truist price-target update
• Neutral Sentiment: PH is scheduled to present at the Robert W. Baird Global Industrial Conference on November 10. The announcement did not provide new financial details. Conference announcement

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PH shares. Argus upped their price objective on shares of Parker-Hannifin from $1,030.00 to $1,200.00 and gave the company a "buy" rating in a research note on Monday, August 10th. Mizuho set a $1,200.00 target price on shares of Parker-Hannifin in a research report on Thursday, October 15th. TD Cowen lifted their target price on shares of Parker-Hannifin from $850.00 to $950.00 and gave the company a "hold" rating in a research note on Wednesday, October 14th. Evercore boosted their price target on shares of Parker-Hannifin from $1,064.00 to $1,217.00 and gave the company an "outperform" rating in a report on Tuesday, August 11th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Parker-Hannifin in a research note on Thursday, October 15th. Eighteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,146.35.

Parker-Hannifin Price Performance

NYSE PH opened at $915.21 on Monday. The company has a quick ratio of 0.55, a current ratio of 0.94 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $115.42 billion, a PE ratio of 31.43, a price-to-earnings-growth ratio of 2.46 and a beta of 1.15. The company has a 50 day moving average price of $946.34 and a two-hundred day moving average price of $949.24. Parker-Hannifin Corporation has a 12-month low of $806.22 and a 12-month high of $1,099.94.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its earnings results on Thursday, November 5th. The industrial products company reported $8.90 EPS for the quarter, topping the consensus estimate of $8.21 by $0.69. Parker-Hannifin had a net margin of 16.62% and a return on equity of 28.80%. The company had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.81 billion. During the same period in the previous year, the firm posted $7.22 earnings per share. The company's revenue for the quarter was up 17.9% compared to the same quarter last year. Parker-Hannifin has set its FY 2027 guidance at 36.450-37.250 EPS. As a group, equities analysts predict that Parker-Hannifin Corporation will post 37.06 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 13th will be paid a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, November 13th. Parker-Hannifin's payout ratio is presently 27.47%.

Parker-Hannifin Company Profile

Parker-Hannifin is a global manufacturer of motion and control technologies. Its products include hydraulic and pneumatic systems, fluid connectors, filtration and sealing products, electromechanical components, and systems for aerospace and climate control applications.

The company serves customers across industries such as aerospace, manufacturing, transportation, energy, and life sciences. Its operations span markets around the world, with businesses organized around industrial and aerospace products and services.

Founded in 1917 by Arthur L.

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