B & T Capital Management DBA Alpha Capital Management bought a new stake in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,781 shares of the industrial products company's stock, valued at approximately $5,655,000.
Several other large investors also recently made changes to their positions in the company. Texas Capital Bancshares Inc TX bought a new stake in shares of Parker-Hannifin during the third quarter valued at approximately $25,000. HFM Investment Advisors LLC grew its holdings in Parker-Hannifin by 1,000.0% in the 4th 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. Lloyd Advisory Services LLC. bought a new position in Parker-Hannifin in the 4th quarter worth approximately $31,000. NFSG Corp increased its position in Parker-Hannifin by 94.4% in the 1st quarter. NFSG Corp now owns 35 shares of the industrial products company's stock valued at $31,000 after acquiring an additional 17 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC increased its position in Parker-Hannifin by 80.0% in the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 16 shares during the period. Institutional investors and hedge funds own 82.44% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have issued reports on PH. KeyCorp boosted their price target on Parker-Hannifin from $1,100.00 to $1,210.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Mizuho set a $1,050.00 price target on Parker-Hannifin in a report on Friday, May 1st. Evercore set a $1,064.00 price objective on shares of Parker-Hannifin in a report on Monday, May 11th. UBS Group increased their target price on shares of Parker-Hannifin from $1,092.00 to $1,250.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Finally, Stifel Nicolaus set a $1,075.00 target price on shares of Parker-Hannifin in a research note on Friday, August 7th. Eighteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,100.00.
Read Our Latest Stock Report on PH
Parker-Hannifin Trading Down 0.1%
Shares of Parker-Hannifin stock opened at $1,055.30 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 1.26 and a debt-to-equity ratio of 0.44. The firm has a market cap of $133.06 billion, a price-to-earnings ratio of 37.04, a price-to-earnings-growth ratio of 2.75 and a beta of 1.12. The business has a fifty day simple moving average of $974.79 and a 200-day simple moving average of $946.50. Parker-Hannifin Corporation has a fifty-two week low of $715.37 and a fifty-two week high of $1,099.94.
Parker-Hannifin (NYSE:PH - Get Free Report) last announced its earnings results on Thursday, August 6th. The industrial products company reported $9.27 earnings per share for the quarter, beating the consensus estimate of $8.31 by $0.96. The business had revenue of $5.75 billion during the quarter, compared to analysts' expectations of $5.57 billion. Parker-Hannifin had a return on equity of 28.48% and a net margin of 16.97%.The company's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the business posted $7.69 earnings per share. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. On average, equities analysts forecast that Parker-Hannifin Corporation will post 34.88 EPS for the current fiscal year.
Parker-Hannifin Company Profile
(
Free Report)
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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