Laraway Financial Advisors Inc Makes New $1.25 Million Investment in Parker-Hannifin Corporation $PH

Key Points

• Laraway Financial Advisors acquired 1,278 Parker-Hannifin shares valued at approximately $1.25 million, making PH its 28th-largest holding and 0.8% of its portfolio. Institutional investors collectively own 82.44% of the company.
• Analysts maintain a positive outlook, with 18 Buy ratings and four Holds. Parker-Hannifin has a “Moderate Buy” consensus rating and an average price target of $1,100.
• Parker-Hannifin exceeded quarterly expectations, reporting adjusted EPS of $9.27 versus the $8.31 consensus and revenue of $5.75 billion, up 9.8% year over year. Shares opened at $1,055.34, near their 52-week high of $1,099.94.

Laraway Financial Advisors Inc acquired a new position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,278 shares of the industrial products company's stock, valued at approximately $1,250,000. Parker-Hannifin comprises about 0.8% of Laraway Financial Advisors Inc's investment portfolio, making the stock its 28th biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Texas Capital Bancshares Inc TX purchased a new position in Parker-Hannifin during the third quarter worth about $25,000. HFM Investment Advisors LLC grew its holdings in Parker-Hannifin by 1,000.0% in the 4th 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 during the period. Lloyd Advisory Services LLC. acquired a new position in shares of Parker-Hannifin during the 4th quarter valued at about $31,000. NFSG Corp increased 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 acquiring an additional 17 shares during the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC lifted its holdings 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 worth $32,000 after acquiring an additional 16 shares during the period. Hedge funds and other institutional investors own 82.44% of the company's stock.

Analyst Ratings Changes

PH has been the topic of several research analyst reports. Wells Fargo & Company decreased their target price on shares of Parker-Hannifin from $980.00 to $950.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 26th. Mizuho set a $1,050.00 price target on shares of Parker-Hannifin in a research report on Friday, May 1st. Sanford C. Bernstein increased their price target on shares of Parker-Hannifin from $1,037.00 to $1,218.00 and gave the stock an "outperform" rating in a research note on Friday. UBS Group lifted their price target on shares of Parker-Hannifin from $1,092.00 to $1,250.00 and gave the company a "buy" rating in a report on Friday, August 7th. Finally, BNP Paribas Exane reissued an "outperform" rating and set a $1,220.00 price objective (up from $1,090.00) on shares of Parker-Hannifin in a research note on Friday, August 7th. Eighteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,100.00.

Parker-Hannifin Stock Performance

NYSE PH opened at $1,055.34 on Friday. 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 1-year low of $715.37 and a 1-year high of $1,099.94. 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 business's 50-day simple moving average is $971.32 and its 200-day simple moving average is $945.51.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued 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 during the quarter, compared to analysts' expectations of $5.57 billion. During the same quarter in the previous year, the business earned $7.69 EPS. The company's revenue for the quarter was up 9.8% on a year-over-year basis. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. Equities analysts predict that Parker-Hannifin Corporation will post 34.88 EPS for the current 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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