HM Payson & Co. Buys 18,155 Shares of Parker-Hannifin Corporation $PH

Key Points

• HM Payson & Co. increased its Parker-Hannifin stake by 67.8% in the second quarter, adding 18,155 shares to own 44,921 shares valued at approximately $43.9 million.
• Institutional investors own 82.44% of Parker-Hannifin, with major holders including Vanguard, Bank of America, Capital World Investors, Morgan Stanley and Norges Bank.
• Analysts maintain a favorable outlook, with 18 Buy ratings and four Holds producing a “Moderate Buy” consensus and an average price target of $1,091.38. The company also exceeded quarterly earnings and revenue expectations, reporting $9.27 EPS and $5.75 billion in revenue.

HM Payson & Co. lifted its stake in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 67.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,921 shares of the industrial products company's stock after buying an additional 18,155 shares during the period. HM Payson & Co.'s holdings in Parker-Hannifin were worth $43,939,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of PH. Vanguard Group Inc. grew 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 acquiring an additional 33,606 shares during the period. Bank of America Corp DE raised its stake in 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 acquiring an additional 22,305 shares in the last quarter. Capital World Investors lifted 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 valued at $2,286,038,000 after acquiring an additional 16,703 shares during the period. Morgan Stanley lifted its holdings in shares of Parker-Hannifin by 1.1% during the fourth 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 period. Finally, Norges Bank acquired a new stake in shares of Parker-Hannifin in the 4th quarter valued at $1,756,230,000. Institutional investors own 82.44% of the company's stock.

Wall Street Analyst Weigh In

PH has been the topic of several analyst reports. BNP Paribas Exane reaffirmed an "outperform" rating and issued a $1,220.00 target price (up from $1,090.00) on shares of Parker-Hannifin in a report on Friday, August 7th. Citigroup lifted their price target on shares of Parker-Hannifin from $1,141.00 to $1,232.00 and gave the company a "buy" rating in a report on Friday, August 7th. Susquehanna boosted their price target on shares of Parker-Hannifin from $1,100.00 to $1,250.00 and gave the company a "positive" rating in a research report on Friday, August 7th. Mizuho set a $1,050.00 price objective on shares of Parker-Hannifin in a research note on Friday, May 1st. Finally, Wells Fargo & Company dropped their price objective on shares of Parker-Hannifin from $980.00 to $950.00 and set an "overweight" rating for the company in a report on Tuesday, May 26th. Eighteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Parker-Hannifin has an average rating of "Moderate Buy" and a consensus price target of $1,091.38.

Parker-Hannifin Price Performance

Shares of PH stock opened at $1,056.98 on Friday. Parker-Hannifin Corporation has a 52 week low of $715.37 and a 52 week high of $1,099.94. The stock has a market capitalization of $133.27 billion, a PE ratio of 37.10, a PEG ratio of 2.79 and a beta of 1.12. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.74 and a current ratio of 1.26. The stock's fifty day moving average is $967.88 and its 200-day moving average is $944.74.

Parker-Hannifin (NYSE:PH - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The industrial products company reported $9.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $8.31 by $0.96. The business had revenue of $5.75 billion during the quarter, compared to analysts' expectations of $5.57 billion. Parker-Hannifin had a return on equity of 28.48% and a net margin of 16.97%.The firm's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business posted $7.69 earnings per share. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. Equities research analysts expect that Parker-Hannifin Corporation will post 34.88 EPS for the current fiscal year.

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.

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