Barden Capital Management Inc. Takes Position in Parker-Hannifin Corporation $PH

Key Points

• Barden Capital Management initiated a 1,451-share position in Parker-Hannifin valued at approximately $1.42 million, representing 1.3% of its portfolio. Institutional investors and hedge funds collectively own 82.44% of the company.
• Analysts remain broadly positive, with 18 Buy ratings and four Holds. UBS, Susquehanna, and BNP Paribas Exane raised their price targets to $1,250, while the consensus rating is “Moderate Buy” with an average target of $1,100.
• Parker-Hannifin exceeded quarterly expectations with adjusted EPS of $9.27 versus the $8.31 consensus and revenue of $5.75 billion. Revenue increased 9.8% year over year, and the company issued fiscal 2027 EPS guidance of $34.25–$35.25.

Barden Capital Management Inc. purchased a new position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,451 shares of the industrial products company's stock, valued at approximately $1,419,000. Parker-Hannifin comprises about 1.3% of Barden Capital Management Inc.'s portfolio, making the stock its 16th biggest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Parker-Hannifin during the 4th quarter valued at $1,756,230,000. Bank of New York Mellon Corp acquired a new stake in Parker-Hannifin in the 2nd quarter valued at $712,222,000. Eurizon Capital SGR S.p.A. purchased a new position in Parker-Hannifin in the fourth quarter valued at about $185,532,000. Focus Partners Wealth raised its position in Parker-Hannifin by 1,535.3% in the fourth quarter. Focus Partners Wealth now owns 221,010 shares of the industrial products company's stock valued at $194,106,000 after purchasing an additional 207,495 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Parker-Hannifin by 119.3% during the first quarter. Assenagon Asset Management S.A. now owns 340,727 shares of the industrial products company's stock worth $305,032,000 after purchasing an additional 185,367 shares in the last quarter. Institutional investors and hedge funds own 82.44% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Stifel Nicolaus set a $1,075.00 price target on Parker-Hannifin in a report on Friday, August 7th. BNP Paribas Exane reissued an "outperform" rating and set a $1,220.00 target price (up from $1,090.00) on shares of Parker-Hannifin in a research report on Friday, August 7th. UBS Group upped 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 note on Friday, August 7th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Parker-Hannifin in a report on Friday, July 17th. Finally, Susquehanna lifted their price target on shares of Parker-Hannifin from $1,100.00 to $1,250.00 and gave the stock a "positive" rating in a research note on Friday, August 7th. Eighteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,100.00.

Parker-Hannifin Price Performance

Shares of NYSE PH opened at $1,055.34 on Monday. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $133.07 billion, a price-to-earnings ratio of 37.04, a price-to-earnings-growth ratio of 2.75 and a beta of 1.12. Parker-Hannifin Corporation has a twelve month low of $715.37 and a twelve month high of $1,099.94. The business has a 50 day simple moving average of $971.32 and a 200-day simple moving average of $945.59.

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

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.

Want to see what other hedge funds are holding PH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Parker-Hannifin Corporation (NYSE:PH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source