Bank of New York Mellon Corp Acquires New Shares in Parker-Hannifin Corporation $PH

Key Points

• Bank of New York Mellon acquired 728,153 Parker-Hannifin shares worth approximately $712.2 million, representing a 0.58% stake. Institutional investors collectively own 82.44% of the company.
• Parker-Hannifin reported quarterly EPS of $9.27, beating estimates of $8.31, while revenue rose 9.8% year over year to $5.75 billion. The company posted a 16.97% net margin and guided fiscal 2027 EPS to $34.25–$35.25.
• Analyst sentiment remains favorable: 17 analysts rate the stock a Buy and four rate it Hold, resulting in a “Moderate Buy” consensus and an average price target of $1,100.

Bank of New York Mellon Corp bought a new stake in Parker-Hannifin Corporation (NYSE:PH - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 728,153 shares of the industrial products company's stock, valued at approximately $712,222,000. Bank of New York Mellon Corp owned 0.58% of Parker-Hannifin at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HFM Investment Advisors LLC increased its stake in shares of 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 valued at $29,000 after acquiring an additional 30 shares during the last quarter. Texas Capital Bancshares Inc TX bought a new position in Parker-Hannifin during the 3rd quarter worth approximately $25,000. Lloyd Advisory Services LLC. bought a new position in Parker-Hannifin during the 4th quarter worth approximately $31,000. NFSG Corp grew its holdings in Parker-Hannifin by 94.4% during the first quarter. NFSG Corp now owns 35 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 17 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC increased its stake in Parker-Hannifin by 80.0% in the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 16 shares in the last quarter. Institutional investors own 82.44% of the company's stock.

Parker-Hannifin Stock Performance

Shares of Parker-Hannifin stock opened at $1,001.54 on Friday. 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 firm has a market cap of $126.28 billion, a price-to-earnings ratio of 35.15, a price-to-earnings-growth ratio of 2.66 and a beta of 1.12. The stock's 50-day moving average is $982.40 and its 200-day moving average is $948.37. Parker-Hannifin Corporation has a one year low of $715.37 and a one year high of $1,099.94.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The industrial products company reported $9.27 earnings per share for the quarter, topping the consensus estimate of $8.31 by $0.96. Parker-Hannifin had a net margin of 16.97% and a return on equity of 28.48%. The company had revenue of $5.75 billion during the quarter, compared to analysts' expectations of $5.57 billion. During the same period last year, the business earned $7.69 EPS. The business's quarterly revenue was up 9.8% on a year-over-year basis. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. Equities analysts predict that Parker-Hannifin Corporation will post 34.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. UBS Group increased their target price on shares of Parker-Hannifin from $1,092.00 to $1,250.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Mizuho set a $1,050.00 price objective on shares of Parker-Hannifin in a research report on Friday, May 1st. Sanford C. Bernstein raised their price objective on Parker-Hannifin from $1,037.00 to $1,218.00 and gave the stock an "outperform" rating in a research note on Friday, August 14th. Wall Street Zen upgraded Parker-Hannifin from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Finally, Evercore set a $1,064.00 target price on Parker-Hannifin in a research note on Monday, May 11th. Seventeen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Parker-Hannifin presently has an average rating of "Moderate Buy" and an average price target of $1,100.00.

About Parker-Hannifin

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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