Parker-Hannifin Corporation $PH Shares Bought by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its stake in Parker-Hannifin Corporation by 129.4%, now owning approximately $63.61 million worth of the company's stock, which represents around 0.08% of total shares.
• The company recently reported earnings per share (EPS) of $7.69, surpassing expectations and showing a slight year-over-year revenue increase of 1.1%.
• Analyst ratings for Parker-Hannifin have been favorable, with a consensus rating of "Moderate Buy" and an average price target of $768.71.

Aberdeen Group plc boosted its holdings in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 129.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 106,295 shares of the industrial products company's stock after purchasing an additional 59,967 shares during the quarter. Aberdeen Group plc owned about 0.08% of Parker-Hannifin worth $63,611,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PH. Dimensional Fund Advisors LP lifted its stake in Parker-Hannifin by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 696,145 shares of the industrial products company's stock valued at $423,080,000 after buying an additional 1,857 shares during the last quarter. Horizon Investments LLC lifted its stake in Parker-Hannifin by 4.5% in the first quarter. Horizon Investments LLC now owns 2,211 shares of the industrial products company's stock valued at $1,340,000 after buying an additional 96 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its stake in Parker-Hannifin by 1.7% in the first quarter. Kovitz Investment Group Partners LLC now owns 234,805 shares of the industrial products company's stock valued at $142,726,000 after buying an additional 3,916 shares during the last quarter. Cookson Peirce & Co. Inc. lifted its stake in Parker-Hannifin by 23.0% in the first quarter. Cookson Peirce & Co. Inc. now owns 2,479 shares of the industrial products company's stock valued at $1,507,000 after buying an additional 464 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. lifted its stake in Parker-Hannifin by 107.1% in the first quarter. Vestmark Advisory Solutions Inc. now owns 9,641 shares of the industrial products company's stock valued at $5,860,000 after buying an additional 4,985 shares during the last quarter. 82.44% of the stock is owned by institutional investors and hedge funds.

Parker-Hannifin Price Performance

NYSE:PH traded down $1.8420 during trading hours on Wednesday, hitting $742.3880. The company's stock had a trading volume of 464,479 shares, compared to its average volume of 752,940. The business's 50-day moving average is $708.33 and its two-hundred day moving average is $659.40. The company has a market capitalization of $94.86 billion, a PE ratio of 27.38, a PEG ratio of 3.05 and a beta of 1.37. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. Parker-Hannifin Corporation has a 52-week low of $488.45 and a 52-week high of $763.99.

Parker-Hannifin (NYSE:PH - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.08 by $0.61. The firm had revenue of $5.24 billion during the quarter, compared to analysts' expectations of $5.10 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.Parker-Hannifin's revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, research analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on PH shares. Morgan Stanley boosted their price objective on Parker-Hannifin from $700.00 to $725.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 9th. KeyCorp boosted their price objective on Parker-Hannifin from $790.00 to $810.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Parker-Hannifin in a research note on Friday, August 8th. Barclays upped their price target on Parker-Hannifin from $750.00 to $776.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Finally, Mizuho set a $785.00 price target on Parker-Hannifin in a research note on Friday, May 16th. Fourteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, Parker-Hannifin currently has a consensus rating of "Moderate Buy" and an average target price of $768.71.

Insider Transactions at Parker-Hannifin

In other Parker-Hannifin news, VP Angela R. Ives sold 810 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $727.36, for a total value of $589,161.60. Following the completion of the transaction, the vice president owned 2,798 shares in the company, valued at approximately $2,035,153.28. This represents a 22.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Matthew A. Jacobson sold 575 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $733.06, for a total value of $421,509.50. Following the completion of the transaction, the vice president owned 1,000 shares of the company's stock, valued at $733,060. The trade was a 36.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,414 shares of company stock valued at $6,883,931 in the last three months. Insiders own 0.39% of the company's stock.

About Parker-Hannifin

Parker-Hannifin Corporation 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.