Fuller & Thaler Asset Management Inc. boosted its position in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 14.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,242 shares of the industrial products company's stock after purchasing an additional 3,248 shares during the period. Fuller & Thaler Asset Management Inc.'s holdings in Parker-Hannifin were worth $15,343,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC purchased a new position in Parker-Hannifin during the fourth quarter worth $32,000. Olde Wealth Management LLC purchased a new position in Parker-Hannifin during the first quarter worth $35,000. Chilton Capital Management LLC increased its position in Parker-Hannifin by 1,500.0% during the first quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company's stock worth $39,000 after buying an additional 60 shares in the last quarter. Accent Capital Management LLC purchased a new position in Parker-Hannifin during the first quarter worth $41,000. Finally, Sierra Ocean LLC increased its position in Parker-Hannifin by 89.5% during the first quarter. Sierra Ocean LLC now owns 72 shares of the industrial products company's stock worth $44,000 after buying an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 82.44% of the company's stock.
Parker-Hannifin Price Performance
Shares of Parker-Hannifin stock opened at $744.5070 on Wednesday. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $763.99. The stock has a market capitalization of $95.13 billion, a P/E ratio of 27.45, a PEG ratio of 3.05 and a beta of 1.37. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55. The business's fifty day moving average price is $708.33 and its 200 day moving average price is $659.40.
Parker-Hannifin (NYSE:PH - Get Free Report) last issued its earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, beating analysts' consensus estimates of $7.08 by $0.61. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The firm had revenue of $5.24 billion for the quarter, compared to analysts' expectations of $5.10 billion. During the same quarter last year, the firm earned $6.77 earnings per share. The firm's revenue for the quarter was up 1.1% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, research analysts anticipate that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.
Insider Transactions at Parker-Hannifin
In related news, COO Andrew D. Ross sold 4,361 shares of Parker-Hannifin stock in a transaction on Friday, August 8th. The stock was sold at an average price of $732.66, for a total value of $3,195,130.26. Following the transaction, the chief operating officer owned 13,120 shares in the company, valued at approximately $9,612,499.20. This trade represents a 24.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Angela R. Ives sold 810 shares of Parker-Hannifin stock in a transaction on Friday, August 8th. The shares were sold at an average price of $727.36, for a total value of $589,161.60. Following the completion of the transaction, the vice president owned 2,798 shares in the company, valued at $2,035,153.28. The trade was a 22.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,414 shares of company stock valued at $6,883,931 in the last ninety days. Company insiders own 0.39% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have weighed in on PH shares. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Parker-Hannifin in a research report on Friday, August 8th. Stifel Nicolaus raised their price target on Parker-Hannifin from $717.00 to $726.00 and gave the stock a "hold" rating in a research report on Friday, August 8th. Raymond James Financial raised their price objective on Parker-Hannifin from $735.00 to $845.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Susquehanna initiated coverage on Parker-Hannifin in a report on Friday, August 15th. They set a "positive" rating and a $860.00 price objective on the stock. Finally, Citigroup restated a "buy" rating and set a $831.00 price objective (up previously from $709.00) on shares of Parker-Hannifin in a report on Monday, July 14th. Fourteen equities research 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 company has an average rating of "Moderate Buy" and an average price target of $768.71.
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About Parker-Hannifin
(
Free Report)
Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.
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