Commerzbank Aktiengesellschaft FI Takes Position in Parker-Hannifin Corporation $PH

Commerzbank Aktiengesellschaft FI bought a new position in Parker-Hannifin Corporation (NYSE:PH - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,499 shares of the industrial products company's stock, valued at approximately $1,466,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PH. Vanguard Group Inc. increased its position in Parker-Hannifin by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 11,142,535 shares of the industrial products company's stock worth $9,793,843,000 after purchasing an additional 33,606 shares in the last quarter. Bank of America Corp DE increased its holdings in Parker-Hannifin by 0.6% in the 4th quarter. Bank of America Corp DE now owns 3,926,896 shares of the industrial products company's stock valued at $3,451,584,000 after purchasing an additional 22,305 shares in the last quarter. Capital World Investors raised its position in Parker-Hannifin by 0.6% in the fourth quarter. Capital World Investors now owns 2,600,844 shares of the industrial products company's stock valued at $2,286,038,000 after purchasing an additional 16,703 shares during the period. Morgan Stanley lifted its position in Parker-Hannifin by 1.1% during the 4th quarter. Morgan Stanley now owns 2,133,044 shares of the industrial products company's stock worth $1,874,862,000 after acquiring an additional 22,367 shares in the last quarter. Finally, Norges Bank purchased a new position in Parker-Hannifin in the 4th quarter worth approximately $1,756,230,000. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Parker-Hannifin Price Performance

Shares of NYSE:PH opened at $1,041.64 on Wednesday. The company has a market cap of $131.34 billion, a PE ratio of 36.56, a P/E/G ratio of 2.75 and a beta of 1.12. Parker-Hannifin Corporation has a fifty-two week low of $715.37 and a fifty-two week high of $1,099.94. The firm has a 50-day simple moving average of $977.50 and a 200 day simple moving average of $947.39. The company has a quick ratio of 0.74, a current ratio of 1.26 and a debt-to-equity ratio of 0.44.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on PH shares. Susquehanna boosted their price objective on shares of Parker-Hannifin from $1,100.00 to $1,250.00 and gave the stock a "positive" rating in a report on Friday, August 7th. Wall Street Zen raised Parker-Hannifin from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. UBS Group raised their price objective on 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. Evercore set a $1,064.00 price objective on Parker-Hannifin in a report on Monday, May 11th. Finally, Citigroup upped their target price on Parker-Hannifin from $1,141.00 to $1,232.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Seventeen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,100.00.

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.

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