Next Capital Management LLC Takes Position in Parker-Hannifin Corporation $PH

Key Points

• Next Capital Management initiated a Parker-Hannifin position in the second quarter, purchasing 1,035 shares valued at approximately $1.0 million. Institutional investors collectively own 82.44% of the company.
• Analysts remain broadly positive, 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 $9.27 in earnings per share and $5.75 billion in revenue, with revenue rising 9.8% year over year.

Next Capital Management LLC bought a new stake in Parker-Hannifin Corporation (NYSE:PH - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,035 shares of the industrial products company's stock, valued at approximately $1,012,000.

Several other large investors also recently bought and sold shares of PH. Norges Bank acquired a new stake in Parker-Hannifin in the 4th quarter valued at about $1,756,230,000. Eurizon Capital SGR S.p.A. acquired a new position in shares of Parker-Hannifin during the fourth quarter worth about $185,532,000. Focus Partners Wealth increased its stake in shares of Parker-Hannifin by 1,535.3% during the fourth quarter. Focus Partners Wealth now owns 221,010 shares of the industrial products company's stock worth $194,106,000 after buying an additional 207,495 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Parker-Hannifin by 119.3% during the first quarter. Assenagon Asset Management S.A. now owns 340,727 shares of the industrial products company's stock worth $305,032,000 after buying an additional 185,367 shares during the period. Finally, Amundi raised its holdings in Parker-Hannifin by 36.4% in the first quarter. Amundi now owns 625,059 shares of the industrial products company's stock valued at $559,578,000 after acquiring an additional 166,962 shares in the last quarter. Hedge funds and other institutional investors own 82.44% of the company's stock.

Analyst Ratings Changes

PH has been the subject of several analyst reports. Weiss Ratings reiterated a "buy (b)" rating on shares of Parker-Hannifin in a report on Friday, July 17th. JPMorgan Chase & Co. lowered their target price on shares of Parker-Hannifin from $1,100.00 to $1,060.00 and set an "overweight" rating for the company in a research note on Thursday, May 7th. Wells Fargo & Company cut their price target on Parker-Hannifin from $980.00 to $950.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 26th. BNP Paribas Exane reaffirmed an "outperform" rating and set a $1,220.00 price target (up from $1,090.00) on shares of Parker-Hannifin in a report on Friday, August 7th. Finally, UBS Group upped their price objective on Parker-Hannifin from $1,092.00 to $1,250.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Eighteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,100.00.

Parker-Hannifin Trading Down 0.3%

Shares of Parker-Hannifin stock opened at $1,055.34 on Friday. 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 fifty day simple moving average of $971.32 and a 200-day simple moving average of $945.51. The stock has a market cap of $133.07 billion, a price-to-earnings ratio of 37.04, a PEG ratio of 2.76 and a beta of 1.12. Parker-Hannifin Corporation has a 12-month low of $715.37 and a 12-month high of $1,099.94.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The industrial products company reported $9.27 EPS for the quarter, topping the consensus estimate of $8.31 by $0.96. Parker-Hannifin had a net margin of 16.97% and a return on equity of 28.48%. The firm had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same period last year, the business 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. On average, equities analysts forecast that Parker-Hannifin Corporation will post 34.88 EPS for the current fiscal year.

Parker-Hannifin Company 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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