Bellars Harris Wealth Management LLC Buys New Stake in Parker-Hannifin Corporation $PH

Key Points

• Bellars Harris Wealth Management acquired 9,489 Parker-Hannifin shares worth approximately $9.3 million, making the stock its 17th-largest holding and 1.9% of its portfolio. Institutional investors collectively own 82.44% of the company.
• Parker-Hannifin reported quarterly EPS of $9.27, beating estimates by $0.96, while revenue rose 9.8% year over year to $5.75 billion. The company posted a 16.97% net margin and 28.48% return on equity.
• Analyst sentiment remains positive, with 18 Buy ratings and four Holds; the stock has a “Moderate Buy” consensus and an average price target of $1,100, although individual targets range from $950 to $1,250.

Bellars Harris Wealth Management LLC purchased a new position in Parker-Hannifin Corporation (NYSE:PH - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,489 shares of the industrial products company's stock, valued at approximately $9,281,000. Parker-Hannifin makes up 1.9% of Bellars Harris Wealth Management LLC's investment portfolio, making the stock its 17th largest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Texas Capital Bancshares Inc TX bought a new position in shares of Parker-Hannifin during the third quarter valued at $25,000. HFM Investment Advisors LLC grew its holdings 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 worth $29,000 after purchasing an additional 30 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new stake in shares of Parker-Hannifin during the 4th quarter worth about $31,000. NFSG Corp increased its position in shares of Parker-Hannifin by 94.4% during the 1st quarter. NFSG Corp now owns 35 shares of the industrial products company's stock worth $31,000 after purchasing an additional 17 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC lifted its holdings 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 valued at $32,000 after purchasing an additional 16 shares during the last quarter. Institutional investors own 82.44% of the company's stock.

Parker-Hannifin Stock Performance

Shares of Parker-Hannifin stock opened at $1,055.34 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 $133.07 billion, a P/E ratio of 37.04, a P/E/G ratio of 2.75 and a beta of 1.12. The firm has a 50 day simple moving average of $971.32 and a 200 day simple moving average of $945.51. 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 posted its quarterly earnings data on Thursday, August 6th. The industrial products company reported $9.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.31 by $0.96. The firm had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.57 billion. Parker-Hannifin had a return on equity of 28.48% and a net margin of 16.97%.The business's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $7.69 EPS. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. Sell-side analysts predict that Parker-Hannifin Corporation will post 34.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on PH shares. BNP Paribas Exane restated an "outperform" rating and issued a $1,220.00 price target (up from $1,090.00) on shares of Parker-Hannifin in a research report on Friday, August 7th. JPMorgan Chase & Co. dropped their price objective on shares of Parker-Hannifin from $1,100.00 to $1,060.00 and set an "overweight" rating for the company in a report on Thursday, May 7th. UBS Group lifted 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. Mizuho set a $1,050.00 target price on Parker-Hannifin in a report on Friday, May 1st. Finally, Wells Fargo & Company decreased their price target on Parker-Hannifin from $980.00 to $950.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 26th. Eighteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Parker-Hannifin 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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