Crossmark Global Holdings Inc. Buys 3,075 Shares of Parker-Hannifin Corporation $PH

Key Points

• Crossmark Global Holdings increased its Parker-Hannifin stake by 14.1% in the second quarter, adding 3,075 shares to own 24,808 shares valued at approximately $24.3 million.
• 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 also issued fiscal 2027 EPS guidance of $34.25–$35.25.
• Analysts remain broadly bullish, with 18 Buy ratings and four Holds, an overall “Moderate Buy” consensus, and an average price target of $1,091.38.

Crossmark Global Holdings Inc. grew its stake in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 14.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,808 shares of the industrial products company's stock after purchasing an additional 3,075 shares during the period. Crossmark Global Holdings Inc.'s holdings in Parker-Hannifin were worth $24,265,000 as of its most recent filing with the Securities and Exchange Commission.

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

Parker-Hannifin Stock Down 1.2%

Parker-Hannifin stock opened at $1,056.98 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.74 and a current ratio of 1.26. Parker-Hannifin Corporation has a 52-week low of $715.37 and a 52-week high of $1,099.94. The firm has a 50 day moving average price of $967.88 and a two-hundred day moving average price of $944.74. The firm has a market cap of $133.27 billion, a price-to-earnings ratio of 37.10, a PEG ratio of 2.79 and a beta of 1.12.

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, beating 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 company had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same period in the prior year, the firm posted $7.69 EPS. The company's quarterly 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. Equities analysts predict that Parker-Hannifin Corporation will post 34.88 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PH. Stifel Nicolaus set a $1,075.00 price target on Parker-Hannifin in a report on Friday, August 7th. BMO Capital Markets reaffirmed an "outperform" rating and set a $1,214.00 price target on shares of Parker-Hannifin in a research note on Friday, August 7th. BNP Paribas Exane reiterated an "outperform" rating and set a $1,220.00 price target (up from $1,090.00) on shares of Parker-Hannifin in a report on Friday, August 7th. Weiss Ratings reissued a "buy (b)" rating on shares of Parker-Hannifin in a research note on Friday, July 17th. Finally, JPMorgan Chase & Co. decreased their price objective 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. Eighteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,091.38.

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.

Want to see what other hedge funds are holding PH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Parker-Hannifin Corporation (NYSE:PH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source