Community Trust & Investment Co. Sells 1,090 Shares of Parker-Hannifin Corporation $PH

Community Trust & Investment Co. lessened its stake in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 3.2% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 33,077 shares of the industrial products company's stock after selling 1,090 shares during the quarter. Parker-Hannifin comprises about 1.7% of Community Trust & Investment Co.'s portfolio, making the stock its 14th largest holding. Community Trust & Investment Co.'s holdings in Parker-Hannifin were worth $32,353,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Czech National Bank lifted its position in Parker-Hannifin by 4.4% during the second quarter. Czech National Bank now owns 35,889 shares of the industrial products company's stock worth $35,104,000 after acquiring an additional 1,514 shares during the last quarter. PensionDanmark Pensionsforsikringsaktieselskab grew its position in shares of Parker-Hannifin by 5.9% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 30,622 shares of the industrial products company's stock valued at $29,952,000 after purchasing an additional 1,701 shares during the last quarter. 55 North Private Wealth LLC grew its position in shares of Parker-Hannifin by 18.1% in the second quarter. 55 North Private Wealth LLC now owns 339 shares of the industrial products company's stock valued at $332,000 after purchasing an additional 52 shares during the last quarter. Evanson Financial LLC bought a new position in shares of Parker-Hannifin during the second quarter worth approximately $405,000. Finally, Foster Group Inc. increased its stake in shares of Parker-Hannifin by 16.8% during the second quarter. Foster Group Inc. now owns 404 shares of the industrial products company's stock worth $395,000 after purchasing an additional 58 shares during the period. Institutional investors own 82.44% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on PH shares. Weiss Ratings restated a "buy (b)" rating on shares of Parker-Hannifin in a research note on Friday, July 17th. Citigroup increased their price objective on Parker-Hannifin from $1,141.00 to $1,232.00 and gave the stock a "buy" rating in a research report on Friday. Mizuho set a $1,050.00 target price on Parker-Hannifin in a report on Friday, May 1st. UBS Group boosted 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 report on Friday. Finally, Susquehanna upped their price target on shares of Parker-Hannifin from $1,100.00 to $1,250.00 and gave the company a "positive" rating in a research note on Friday. Eighteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $1,091.38.

Key Headlines Impacting Parker-Hannifin

Here are the key news stories impacting Parker-Hannifin this week:

• Positive Sentiment: Record earnings beat expectations: Fourth-quarter sales rose 9.8% year over year to $5.8 billion, while adjusted EPS climbed 21% to a record $9.27, well above the roughly $8.26–$8.29 consensus. Full-year sales reached a record $21.5 billion and adjusted EPS rose 18% to $32.31. Parker Reports Record Fiscal 2026 Fourth Quarter and Full Year Results
• Positive Sentiment: Strong operating momentum: Parker reported broad-based aerospace and industrial growth, record total backlog of $12.8 billion—including an $8.5 billion aerospace backlog—and improved margins. Management also raised its long-term adjusted segment operating-margin target by 300 basis points to 30% by fiscal 2031.
• Positive Sentiment: Fiscal 2027 outlook supports continued growth: Adjusted EPS guidance of $34.25 to $35.25 is above consensus of $34.09, with reported and organic sales growth expected at 5.5% to 8.5%, excluding the pending Filtration Group and CIRCOR aerospace transactions.
• Positive Sentiment: Analysts raised targets: Citigroup lifted its target to $1,232 and upgraded PH to “buy”; BNP Paribas Exane raised its target to $1,220 while reaffirming “outperform”; Truist increased its target to $1,358 with a “buy” rating; and Susquehanna raised its target to $1,250 with a “positive” rating. The revisions imply roughly 13% to 26% potential upside from the referenced price. Analyst price-target updates
• Neutral Sentiment: Valuation and positioning warrant monitoring: PH trades near its 52-week high at a premium earnings multiple. Institutional activity was mixed, with some large investors reducing holdings while BlackRock and Morgan Stanley added shares.
• Negative Sentiment: Revenue guidance is below consensus: Fiscal 2027 revenue guidance of $20.9 billion to $21.5 billion trails the $22.7 billion consensus estimate, although the company said the outlook excludes pending acquisitions. Reported insider activity was also entirely selling over the past six months, which could create a modest sentiment headwind.

Parker-Hannifin Trading Up 0.6%

Shares of PH stock opened at $1,076.12 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.66 and a debt-to-equity ratio of 0.44. The stock has a market cap of $135.69 billion, a P/E ratio of 37.77, a price-to-earnings-growth ratio of 2.86 and a beta of 1.12. The stock has a 50 day simple moving average of $950.62 and a 200 day simple moving average of $941.17. Parker-Hannifin Corporation has a 1 year low of $715.37 and a 1 year 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 EPS for the quarter, topping analysts' consensus estimates of $8.29 by $0.98. The firm had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.57 billion. Parker-Hannifin had a return on equity of 28.48% and a net margin of 16.97%.The company's revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the company earned $7.69 EPS. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. On average, research analysts predict that Parker-Hannifin Corporation will post 34 earnings per share for the current fiscal year.

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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