Argyle Capital Partners LLC Makes New $1.58 Million Investment in Parker-Hannifin Corporation $PH

Key Points

• Argyle Capital Partners acquired 1,620 Parker-Hannifin shares worth approximately $1.58 million, making the stock 1% of its portfolio and its 25th-largest holding. Institutional investors and hedge funds collectively own 82.44% of PH.
• Parker-Hannifin beat quarterly expectations, reporting $9.27 in EPS versus the $8.31 consensus and $5.75 billion in revenue, up 9.8% year over year.
• Analyst sentiment remains positive: 18 analysts rate the stock a Buy and four rate it Hold, while several firms raised their price targets. The consensus rating is Moderate Buy, with an average target of $1,100.

Argyle Capital Partners LLC acquired a new stake in Parker-Hannifin Corporation (NYSE:PH - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,620 shares of the industrial products company's stock, valued at approximately $1,585,000. Parker-Hannifin accounts for 1.0% of Argyle Capital Partners LLC's holdings, making the stock its 25th biggest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. HFM Investment Advisors LLC grew its position in shares of Parker-Hannifin by 1,000.0% during the fourth quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company's stock worth $29,000 after buying an additional 30 shares in the last quarter. Texas Capital Bancshares Inc TX acquired a new stake in shares of Parker-Hannifin in the third quarter valued at approximately $25,000. Lloyd Advisory Services LLC. purchased a new position in shares of Parker-Hannifin during the fourth quarter worth approximately $31,000. NFSG Corp boosted its stake in shares of Parker-Hannifin by 94.4% during the first quarter. NFSG Corp now owns 35 shares of the industrial products company's stock worth $31,000 after buying an additional 17 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC lifted its position in Parker-Hannifin by 80.0% during the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company's stock worth $32,000 after acquiring an additional 16 shares during the period. 82.44% of the stock is owned by institutional investors and hedge funds.

Parker-Hannifin Stock Performance

Shares of PH stock opened at $1,055.30 on Tuesday. The firm has a market capitalization of $133.06 billion, a P/E ratio of 37.04, a P/E/G ratio of 2.75 and a beta of 1.12. Parker-Hannifin Corporation has a 12 month low of $715.37 and a 12 month high of $1,099.94. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.26 and a quick ratio of 0.74. The company's fifty day moving average price is $974.79 and its two-hundred day moving average price is $946.50.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The industrial products company reported $9.27 earnings per share for the quarter, beating analysts' consensus estimates of $8.31 by $0.96. The firm had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.57 billion. Parker-Hannifin had a return on equity of 28.48% and a net margin of 16.97%.Parker-Hannifin's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the firm earned $7.69 EPS. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. On average, research analysts anticipate that Parker-Hannifin Corporation will post 34.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on PH shares. Truist Financial boosted their target price on Parker-Hannifin from $1,269.00 to $1,358.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. BNP Paribas Exane reissued an "outperform" rating and issued a $1,220.00 price target (up from $1,090.00) on shares of Parker-Hannifin in a report on Friday, August 7th. Susquehanna upped their price objective on Parker-Hannifin from $1,100.00 to $1,250.00 and gave the company a "positive" rating in a research report on Friday, August 7th. Citigroup increased their price objective on Parker-Hannifin from $1,141.00 to $1,232.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Finally, KeyCorp increased their price target on Parker-Hannifin from $1,100.00 to $1,210.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. Eighteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,100.00.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation NYSE: PH is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.

Parker-Hannifin's product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.

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