Pallas Capital Advisors LLC Makes New Investment in Parker-Hannifin Corporation $PH

Key Points

• Pallas Capital Advisors acquired 9,239 Parker-Hannifin shares worth approximately $9.0 million, while institutional investors collectively own 82.44% of the company.
• Analysts remain broadly positive, with 18 Buy ratings and four Holds; the consensus price target is $1,100, supported by recent target increases from Citigroup, Susquehanna, and KeyCorp.
• Parker-Hannifin reported quarterly EPS of $9.27 versus expectations of $8.31, while revenue rose 9.8% year over year to $5.75 billion. Shares opened at $1,055.30, near the company’s 12-month high of $1,099.94.

Pallas Capital Advisors LLC bought a new stake in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,239 shares of the industrial products company's stock, valued at approximately $9,037,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Texas Capital Bancshares Inc TX bought a new stake in shares of Parker-Hannifin during the 3rd quarter worth approximately $25,000. HFM Investment Advisors LLC grew its position 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 acquiring an additional 30 shares during the last quarter. Lloyd Advisory Services LLC. purchased a new stake in Parker-Hannifin in the fourth quarter worth $31,000. NFSG Corp increased its stake in 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 purchasing an additional 17 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC lifted its position in shares of Parker-Hannifin by 80.0% during the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company's stock worth $32,000 after purchasing an additional 16 shares during the last quarter. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PH has been the topic of a number of research analyst reports. Stifel Nicolaus set a $1,075.00 price target on shares of Parker-Hannifin in a report on Friday, August 7th. Citigroup lifted 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 report on Friday, August 7th. Susquehanna boosted their price objective 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. KeyCorp upped their target price on shares of Parker-Hannifin from $1,100.00 to $1,210.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. Finally, Evercore set a $1,064.00 target price on shares of Parker-Hannifin in a research report on Monday, May 11th. Eighteen 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 presently has an average rating of "Moderate Buy" and a consensus target price of $1,100.00.

Parker-Hannifin Price Performance

PH opened at $1,055.30 on Tuesday. The company has a market capitalization of $133.06 billion, a price-to-earnings ratio of 37.04, a PEG ratio of 2.75 and a beta of 1.12. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 0.44. Parker-Hannifin Corporation has a 12-month low of $715.37 and a 12-month high of $1,099.94. The business's fifty day simple moving average is $974.79 and its 200-day simple moving average is $946.50.

Parker-Hannifin (NYSE:PH - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The industrial products company reported $9.27 earnings per share for the quarter, beating 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 firm had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.57 billion. During the same period in the previous year, the company posted $7.69 earnings per share. The firm's quarterly revenue was up 9.8% on a year-over-year basis. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. On average, equities research analysts anticipate that Parker-Hannifin Corporation will post 34.88 earnings per share for the current fiscal year.

Parker-Hannifin 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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