Parker-Hannifin Corporation $PH Shares Bought by Vise Technologies Inc.

Key Points

• Vise Technologies increased its Parker-Hannifin position by 35% in the second quarter, acquiring 1,577 shares for a total holding of 6,079 shares valued at approximately $5.95 million. Institutional investors collectively own 82.44% of the company.
• Analyst sentiment remains positive: 17 analysts rate the stock a Buy and four rate it a Hold, producing a “Moderate Buy” consensus and an average price target of $1,100.
• Parker-Hannifin exceeded quarterly expectations, reporting $9.27 in EPS and $5.75 billion in revenue, with revenue up 9.8% year over year. The company also declared a $2 quarterly dividend, equal to an annualized $8 payout and a 0.8% yield.

Vise Technologies Inc. lifted its position in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 35.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,079 shares of the industrial products company's stock after buying an additional 1,577 shares during the period. Vise Technologies Inc.'s holdings in Parker-Hannifin were worth $5,946,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of PH. E Fund Management Co. Ltd. boosted its stake in Parker-Hannifin by 2.1% during the second quarter. E Fund Management Co. Ltd. now owns 477 shares of the industrial products company's stock valued at $467,000 after buying an additional 10 shares in the last quarter. Edmond DE Rothschild Holding S.A. bought a new stake in Parker-Hannifin in the second quarter worth about $115,000. Uptick Partners LLC bought a new stake in Parker-Hannifin in the second quarter worth about $264,000. NewEdge Wealth LLC lifted its holdings in Parker-Hannifin by 6.6% in the 2nd quarter. NewEdge Wealth LLC now owns 12,056 shares of the industrial products company's stock valued at $11,793,000 after acquiring an additional 750 shares during the last quarter. Finally, Essential Partners LLC lifted its holdings in Parker-Hannifin by 2,300.0% in the 2nd quarter. Essential Partners LLC now owns 120 shares of the industrial products company's stock valued at $117,000 after acquiring an additional 115 shares during the last quarter. Institutional investors and hedge funds own 82.44% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PH shares. Truist Financial lifted their price objective on shares of Parker-Hannifin from $1,269.00 to $1,358.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. UBS Group increased their target price on shares of Parker-Hannifin from $1,092.00 to $1,250.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Wall Street Zen upgraded shares of Parker-Hannifin from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Citigroup lifted their price target on shares of Parker-Hannifin from $1,141.00 to $1,232.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $1,214.00 price target on shares of Parker-Hannifin in a report on Friday, August 7th. Seventeen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $1,100.00.

Parker-Hannifin Stock Performance

Shares of PH opened at $1,001.54 on Friday. The company has a 50-day moving average of $982.40 and a two-hundred day moving average of $948.37. The stock has a market cap of $126.28 billion, a price-to-earnings ratio of 35.15, a PEG ratio of 2.66 and a beta of 1.12. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.26 and a quick ratio of 0.74. Parker-Hannifin Corporation has a one year low of $715.37 and a one year high of $1,099.94.

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 for the quarter, compared to analyst estimates of $5.57 billion. Parker-Hannifin had a net margin of 16.97% and a return on equity of 28.48%. The firm's revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $7.69 earnings per share. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. On average, equities research analysts expect that Parker-Hannifin Corporation will post 34.93 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

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

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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