Bryn Mawr Trust Advisors LLC Acquires Shares of 5,913 Parker-Hannifin Corporation $PH

Key Points

• Bryn Mawr Trust Advisors acquired 5,913 Parker-Hannifin shares worth approximately $5.8 million during the second quarter. Institutional investors collectively own 82.44% of the company’s stock.
• 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.
• Wall Street remains broadly positive, with 18 analysts rating the stock a Buy and four issuing Holds; the consensus rating is “Moderate Buy” with an average price target of $1,100.

Bryn Mawr Trust Advisors LLC acquired a new stake in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 5,913 shares of the industrial products company's stock, valued at approximately $5,784,000.

Several other institutional investors and hedge funds have also made changes to their positions in PH. Laraway Financial Advisors Inc acquired a new stake in Parker-Hannifin during the 2nd quarter valued at $1,250,000. Hardy Reed LLC acquired a new position in Parker-Hannifin in the 2nd quarter worth $1,172,000. Cary Street Partners Financial LLC lifted its holdings in Parker-Hannifin by 34.6% in the 2nd quarter. Cary Street Partners Financial LLC now owns 2,038 shares of the industrial products company's stock worth $1,994,000 after buying an additional 524 shares in the last quarter. Pachira Investments Inc. acquired a new stake in shares of Parker-Hannifin during the second quarter valued at about $394,000. Finally, Liberty Capital Management Inc. purchased a new stake in shares of Parker-Hannifin during the second quarter worth about $402,000. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Parker-Hannifin Stock Performance

PH stock opened at $1,055.34 on Friday. 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 firm has a market cap of $133.07 billion, a P/E ratio of 37.04, a P/E/G ratio of 2.76 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 stock's 50 day simple moving average is $971.32 and its 200 day simple moving average is $945.51.

Parker-Hannifin (NYSE:PH - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The industrial products company reported $9.27 EPS for the quarter, topping analysts' consensus estimates of $8.31 by $0.96. Parker-Hannifin had a net margin of 16.97% and a return on equity of 28.48%. The firm had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.57 billion. During the same quarter in the previous year, the company posted $7.69 earnings per share. The firm's 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. As a group, equities research analysts predict that Parker-Hannifin Corporation will post 34.88 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. JPMorgan Chase & Co. reduced their price target on 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. BMO Capital Markets restated an "outperform" rating and set a $1,214.00 price objective on shares of Parker-Hannifin in a report on Friday, August 7th. Truist Financial increased their target price on Parker-Hannifin from $1,269.00 to $1,358.00 and gave the company a "buy" rating in a research note on Friday, August 7th. UBS Group raised their price target on shares of Parker-Hannifin from $1,092.00 to $1,250.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Finally, Stifel Nicolaus set a $1,075.00 price target on shares of Parker-Hannifin in a research note on Friday, August 7th. Eighteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $1,100.00.

Parker-Hannifin 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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