Diversified Trust Co. Trims Position in Parker-Hannifin Corporation $PH

Key Points

• Diversified Trust Co. cut its Parker-Hannifin stake by 63.4% in the second quarter, selling 3,465 shares and retaining 2,001 shares valued at approximately $1.96 million. Institutional investors collectively own 82.44% of the company.
• Parker-Hannifin reported strong quarterly results, with EPS of $9.27 beating estimates by $0.96 and revenue rising 9.8% year over year to $5.75 billion. The company issued fiscal 2027 EPS guidance of $34.25 to $35.25.
• Analyst sentiment remains positive: 18 analysts rate the stock a Buy and four rate it Hold, producing a “Moderate Buy” consensus and an average price target of $1,100. Recent targets range from $1,214 to $1,250.

Diversified Trust Co. lessened its holdings in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 63.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,001 shares of the industrial products company's stock after selling 3,465 shares during the quarter. Diversified Trust Co.'s holdings in Parker-Hannifin were worth $1,957,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fideuram Asset Management Ireland dac acquired a new position in shares of Parker-Hannifin during the 4th quarter valued at about $1,253,000. Truist Financial Corp boosted its position in shares of Parker-Hannifin by 2.7% in the fourth quarter. Truist Financial Corp now owns 174,852 shares of the industrial products company's stock worth $153,687,000 after acquiring an additional 4,673 shares during the last quarter. Shepherd Street Advisors LLC acquired a new stake in shares of Parker-Hannifin in the fourth quarter worth approximately $1,736,000. Jefferies Financial Group Inc. purchased a new stake in Parker-Hannifin in the fourth quarter valued at approximately $11,434,000. Finally, Horizon Investments LLC increased its position in Parker-Hannifin by 78.8% during the fourth quarter. Horizon Investments LLC now owns 8,829 shares of the industrial products company's stock worth $7,760,000 after purchasing an additional 3,892 shares during the last quarter. Hedge funds and other institutional investors own 82.44% of the company's stock.

Parker-Hannifin Stock Performance

Shares of PH stock opened at $1,055.34 on Friday. 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 company's fifty day moving average price is $971.32 and its two-hundred day moving average price is $945.51. The firm has a market capitalization 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.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its earnings results on Thursday, August 6th. The industrial products company reported $9.27 earnings per share (EPS) for the quarter, topping 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 business had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same period in the previous year, the company earned $7.69 earnings per share. The company's revenue for the quarter 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, research analysts anticipate that Parker-Hannifin Corporation will post 34.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. BNP Paribas Exane reaffirmed an "outperform" rating and set a $1,220.00 price target (up from $1,090.00) on shares of Parker-Hannifin in a research note on Friday, August 7th. Sanford C. Bernstein upped their price objective on Parker-Hannifin from $1,037.00 to $1,218.00 and gave the stock an "outperform" rating in a report on Friday. BMO Capital Markets reaffirmed an "outperform" rating and issued a $1,214.00 target price on shares of Parker-Hannifin in a research report on Friday, August 7th. Mizuho set a $1,050.00 price objective on Parker-Hannifin in a research note on Friday, May 1st. Finally, Susquehanna raised their target price 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, August 7th. Eighteen 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, Parker-Hannifin has an average rating of "Moderate Buy" and an average target price 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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