Comprehensive Financial Consultants Institutional Inc. purchased a new stake in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 3,031 shares of the industrial products company's stock, valued at approximately $2,965,000.
Several other hedge funds also recently modified their holdings of PH. Texas Capital Bancshares Inc TX bought a new position in Parker-Hannifin during the third quarter valued at about $25,000. HFM Investment Advisors LLC lifted its holdings in 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 valued at $29,000 after acquiring an additional 30 shares during the last quarter. Lloyd Advisory Services LLC. bought a new position in shares of Parker-Hannifin during the 4th quarter valued at about $31,000. NFSG Corp boosted 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 valued at $31,000 after purchasing an additional 17 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC grew its stake in shares of Parker-Hannifin by 80.0% in the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company's stock worth $32,000 after purchasing an additional 16 shares during the last quarter. 82.44% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
PH has been the subject of several recent research reports. BMO Capital Markets reissued an "outperform" rating and set a $1,214.00 target price on shares of Parker-Hannifin in a research note on Friday, August 7th. UBS Group upped their price target on Parker-Hannifin from $1,092.00 to $1,250.00 and gave the company a "buy" rating in a report on Friday, August 7th. KeyCorp raised their price objective on Parker-Hannifin from $1,100.00 to $1,210.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. Weiss Ratings restated a "buy (b)" rating on shares of Parker-Hannifin in a report on Friday, July 17th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating and set a $1,037.00 target price on shares of Parker-Hannifin in a research report on Thursday, July 16th. Eighteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,091.38.
View Our Latest Analysis on PH
Parker-Hannifin Stock Up 0.7%
PH stock opened at $1,069.26 on Thursday. 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 capitalization of $134.82 billion, a P/E ratio of 37.53, a P/E/G ratio of 2.77 and a beta of 1.12. Parker-Hannifin Corporation has a 52-week low of $715.37 and a 52-week high of $1,099.94. The company's 50 day simple moving average is $964.20 and its 200-day simple moving average is $943.82.
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 $8.31 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 analyst estimates of $5.57 billion. During the same quarter last year, the business posted $7.69 EPS. The company'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 anticipate that Parker-Hannifin Corporation will post 34.88 EPS for the current year.
About Parker-Hannifin
(
Free Report)
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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