Diversify Advisory Services LLC Buys Shares of 1,084 Parker-Hannifin Corporation $PH

Key Points

• Diversify Advisory Services purchased 1,084 Parker-Hannifin shares valued at approximately $1.07 million, while institutional investors collectively own 82.44% of the company.
• Analysts remain bullish, with 17 Buy ratings and four Holds; Parker-Hannifin has a consensus “Moderate Buy” rating and an average price target of $1,100.
• Parker-Hannifin exceeded quarterly expectations, reporting $9.27 in earnings per share and $5.75 billion in revenue, with revenue up 9.8% year over year.

Diversify Advisory Services LLC purchased a new stake in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,084 shares of the industrial products company's stock, valued at approximately $1,070,000.

Several other institutional investors and hedge funds also recently made changes to their positions in PH. HFM Investment Advisors LLC boosted its position in Parker-Hannifin by 1,000.0% during the fourth quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company's stock worth $29,000 after purchasing an additional 30 shares during the period. Texas Capital Bancshares Inc TX bought a new stake in shares of Parker-Hannifin in the third quarter valued at approximately $25,000. Lloyd Advisory Services LLC. bought a new stake in shares of Parker-Hannifin in the fourth quarter valued at approximately $31,000. NFSG Corp lifted its stake 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 buying an additional 17 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC lifted its stake in shares of Parker-Hannifin by 80.0% during the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company's stock valued at $32,000 after buying an additional 16 shares in the last quarter. Institutional investors own 82.44% of the company's stock.

Wall Street Analysts Forecast Growth

PH has been the topic of several recent research reports. Truist Financial increased their target price on Parker-Hannifin from $1,269.00 to $1,358.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Sanford C. Bernstein lifted their price target on Parker-Hannifin from $1,037.00 to $1,218.00 and gave the company an "outperform" rating in a research report on Friday, August 14th. Susquehanna boosted their price objective on 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. 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 report on Friday, August 7th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Parker-Hannifin in a research note on Friday, July 17th. Seventeen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Parker-Hannifin presently has an average rating of "Moderate Buy" and a consensus target price of $1,100.00.

Parker-Hannifin Stock Performance

Shares of PH opened at $1,022.30 on Thursday. Parker-Hannifin Corporation has a 12-month low of $715.37 and a 12-month high of $1,099.94. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 0.44. The company has a market cap of $128.90 billion, a PE ratio of 35.88, a price-to-earnings-growth ratio of 2.71 and a beta of 1.12. The stock has a 50-day moving average price of $980.41 and a 200-day moving average price of $947.90.

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 for the quarter, beating analysts' consensus estimates of $8.31 by $0.96. The business had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.57 billion. Parker-Hannifin had a net margin of 16.97% and a return on equity of 28.48%. Parker-Hannifin's quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the firm posted $7.69 earnings per share. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. As a group, equities analysts forecast that Parker-Hannifin Corporation will post 34.93 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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