Jupiter Topco LLC Makes New Investment in Parker-Hannifin Corporation $PH

Key Points

• Jupiter Topco LLC acquired 31,178 Parker-Hannifin shares during the second quarter, valued at approximately $30.5 million. Institutional investors collectively own 82.44% of the company.
• Analysts remain broadly bullish, with 17 Buy ratings and three Holds, an overall “Moderate Buy” consensus, and an average price target of $1,100.
• Parker-Hannifin exceeded quarterly expectations with $9.27 in EPS and $5.75 billion in revenue, while revenue rose 9.8% year over year. The company also declared a $2 quarterly dividend, equivalent to a 0.8% annual yield.

Jupiter Topco LLC bought a new stake in Parker-Hannifin Corporation (NYSE:PH - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 31,178 shares of the industrial products company's stock, valued at approximately $30,493,000.

Several other hedge funds and other institutional investors also recently modified their holdings of PH. HFM Investment Advisors LLC boosted its stake in Parker-Hannifin by 1,000.0% in the fourth quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company's stock valued at $29,000 after buying an additional 30 shares in the last quarter. Texas Capital Bancshares Inc TX acquired a new position in Parker-Hannifin during the third quarter worth about $25,000. Lloyd Advisory Services LLC. acquired a new position in Parker-Hannifin during the fourth quarter worth about $31,000. NFSG Corp lifted its holdings in shares of Parker-Hannifin by 94.4% in the first quarter. NFSG Corp now owns 35 shares of the industrial products company's stock worth $31,000 after acquiring an additional 17 shares during the last quarter. Finally, Bell Investment Advisors Inc bought a new position in shares of Parker-Hannifin in the second quarter worth about $35,000. Institutional investors own 82.44% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on PH shares. Stifel Nicolaus set a $1,075.00 price target on shares of Parker-Hannifin in a report on Friday, August 7th. Citigroup increased their price objective on shares of Parker-Hannifin from $1,141.00 to $1,232.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Weiss Ratings restated a "buy (b)" rating on shares of Parker-Hannifin in a research report on Friday, July 17th. Mizuho set a $1,050.00 target price on shares of Parker-Hannifin in a research note on Friday, May 1st. Finally, KeyCorp upped their price target on shares of Parker-Hannifin from $1,100.00 to $1,210.00 and gave the stock an "overweight" rating in a report on Friday, August 7th. Seventeen equities research analysts have rated the stock with a Buy rating and three 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 an average target price of $1,100.00.

Insider Activity at Parker-Hannifin

In related news, VP Berend Bracht sold 602 shares of Parker-Hannifin stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $1,040.47, for a total value of $626,362.94. Following the transaction, the vice president directly owned 4,399 shares of the company's stock, valued at $4,577,027.53. The trade was a 12.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.32% of the stock is currently owned by corporate insiders.

Parker-Hannifin Stock Performance

Shares of Parker-Hannifin stock opened at $995.24 on Friday. The stock has a market cap of $125.45 billion, a price-to-earnings ratio of 34.93, a P/E/G ratio of 2.63 and a beta of 1.12. Parker-Hannifin Corporation has a twelve month low of $715.37 and a twelve month high of $1,099.94. The company's fifty day moving average is $991.71 and its 200 day moving average is $950.48. The company has a quick ratio of 0.74, a current ratio of 1.26 and a debt-to-equity ratio of 0.44.

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 the consensus estimate 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 during the quarter, compared to analyst estimates of $5.57 billion. During the same period last year, the company earned $7.69 EPS. Parker-Hannifin'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. Sell-side analysts forecast that Parker-Hannifin Corporation will post 34.93 EPS for the current year.

Parker-Hannifin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Monday, August 31st will be given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Monday, August 31st. Parker-Hannifin's dividend payout ratio (DPR) is 28.08%.

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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