Parker-Hannifin Corporation $PH Shares Acquired by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its stake in Parker-Hannifin Corporation by 3.3%, acquiring an additional 8,088 shares, bringing its total to 256,249 shares valued at approximately $155.76 million.
• Parker-Hannifin recently reported Q2 earnings of $7.69 per share, exceeding analyst expectations of $7.08, alongside revenues of $5.24 billion, surpassing the estimated $5.10 billion.
• Analysts have set optimistic price targets for Parker-Hannifin, with a consensus average target price of $768.71 and a rating of "Moderate Buy," reflecting strong market confidence.

American Century Companies Inc. lifted its holdings in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 3.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 256,249 shares of the industrial products company's stock after purchasing an additional 8,088 shares during the quarter. American Century Companies Inc. owned 0.20% of Parker-Hannifin worth $155,761,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Mpwm Advisory Solutions LLC purchased a new position in Parker-Hannifin during the fourth quarter worth $32,000. Olde Wealth Management LLC purchased a new position in Parker-Hannifin during the first quarter worth $35,000. Chilton Capital Management LLC boosted its stake in Parker-Hannifin by 1,500.0% during the first quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company's stock worth $39,000 after buying an additional 60 shares during the period. Accent Capital Management LLC purchased a new position in Parker-Hannifin during the first quarter worth $41,000. Finally, Sierra Ocean LLC boosted its stake in Parker-Hannifin by 89.5% during the first quarter. Sierra Ocean LLC now owns 72 shares of the industrial products company's stock worth $44,000 after buying an additional 34 shares during the period. 82.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Parker-Hannifin

In other Parker-Hannifin news, VP Matthew A. Jacobson sold 575 shares of the company's stock in a transaction that occurred 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 sale, the vice president owned 1,000 shares in the company, valued at approximately $733,060. This represents a 36.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Thomas C. Gentile sold 1,133 shares of the company's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $729.50, for a total value of $826,523.50. Following the completion of the sale, the vice president owned 5,465 shares in the company, valued at approximately $3,986,717.50. This represents a 17.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,414 shares of company stock valued at $6,883,931 over the last quarter. Company insiders own 0.39% of the company's stock.

Analyst Upgrades and Downgrades

PH has been the subject of several recent analyst reports. Susquehanna initiated coverage on shares of Parker-Hannifin in a research note on Friday, August 15th. They set a "positive" rating and a $860.00 price objective for the company. Wells Fargo & Company lifted their target price on Parker-Hannifin from $770.00 to $800.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Morgan Stanley lifted their target price on Parker-Hannifin from $700.00 to $725.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. Evercore ISI reiterated an "outperform" rating on shares of Parker-Hannifin in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Parker-Hannifin in a research report on Friday, August 8th. Fourteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Parker-Hannifin presently has an average rating of "Moderate Buy" and an average price target of $768.71.

Parker-Hannifin Stock Down 0.1%

Shares of PH stock traded down $0.8360 on Wednesday, hitting $743.3940. The stock had a trading volume of 491,769 shares, compared to its average volume of 753,023. The company has a market cap of $94.99 billion, a PE ratio of 27.43, a P/E/G ratio of 3.05 and a beta of 1.37. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. The business has a 50 day moving average price of $708.33 and a 200 day moving average price of $659.40. Parker-Hannifin Corporation has a one year low of $488.45 and a one year high of $763.99.

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

Parker-Hannifin Company Profile

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.