Parker-Hannifin Corporation $PH Stock: Bank Julius Baer & Co. Ltd Zurich Boosts Holdings

Key Points

• Bank Julius Baer increased its Parker-Hannifin stake by 2.8% in the third quarter, bringing its holdings to 73,432 shares valued at approximately $70.4 million. Institutional investors and hedge funds collectively own 82.44% of PH shares.
• Parker-Hannifin reported quarterly revenue of $5.75 billion and EPS of $9.27, beating analyst estimates, while revenue rose 9.8% year over year. The company also issued fiscal 2027 EPS guidance of $34.25 to $35.25.
• The company declared a quarterly dividend of $2.00 per share, or $8.00 annualized, representing a 0.9% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $1,146.35, versus the stock’s reported price of $898.73.

Bank Julius Baer & Co. Ltd Zurich raised its position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 2.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,432 shares of the industrial products company's stock after acquiring an additional 2,031 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.06% of Parker-Hannifin worth $70,388,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PH. E Fund Management Co. Ltd. raised its position in Parker-Hannifin by 2.1% in the 2nd quarter. E Fund Management Co. Ltd. now owns 477 shares of the industrial products company's stock valued at $467,000 after purchasing an additional 10 shares in the last quarter. Optas LLC lifted its position in shares of Parker-Hannifin by 3.1% during the 1st quarter. Optas LLC now owns 370 shares of the industrial products company's stock valued at $331,000 after acquiring an additional 11 shares during the period. Allen Capital Group LLC increased its position in Parker-Hannifin by 4.8% during the 1st quarter. Allen Capital Group LLC now owns 264 shares of the industrial products company's stock worth $236,000 after purchasing an additional 12 shares in the last quarter. Doliver Advisors LP lifted its holdings in shares of Parker-Hannifin by 0.6% during the 2nd quarter. Doliver Advisors LP now owns 2,011 shares of the industrial products company's stock worth $1,967,000 after acquiring an additional 12 shares during the period. Finally, Bullock Wealth Management Group increased its position in Parker-Hannifin by 1.6% during the 3rd quarter. Bullock Wealth Management Group now owns 754 shares of the industrial products company's stock worth $728,000 after purchasing an additional 12 shares in the last quarter. Institutional investors and hedge funds own 82.44% of the company's stock.

Parker-Hannifin Stock Down 0.1%

Shares of NYSE PH opened at $898.73 on Monday. Parker-Hannifin Corporation has a 52-week low of $755.10 and a 52-week high of $1,099.94. The firm has a market capitalization of $113.34 billion, a price-to-earnings ratio of 31.55, a PEG ratio of 2.51 and a beta of 1.12. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.74 and a current ratio of 1.26. The stock has a 50 day moving average price of $956.18 and a 200 day moving average price of $949.73.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its earnings results on Thursday, August 6th. The industrial products company reported $9.27 EPS for the quarter, beating 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 company had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.57 billion. During the same quarter in the previous year, the business earned $7.69 earnings per share. 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. Sell-side analysts expect that Parker-Hannifin Corporation will post 35.72 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be given a $2.00 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $8.00 annualized dividend and a yield of 0.9%. Parker-Hannifin's dividend payout ratio (DPR) is currently 28.08%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PH. BMO Capital Markets reiterated an "outperform" rating and set a $1,214.00 price target (up from $1,068.00) on shares of Parker-Hannifin in a research report on Friday, August 7th. Robert W. Baird lifted their price target on shares of Parker-Hannifin from $1,050.00 to $1,275.00 in a report on Friday, August 7th. Weiss Ratings reiterated a "buy (b)" rating on shares of Parker-Hannifin in a report on Thursday, October 15th. JPMorgan Chase & Co. cut their target price on shares of Parker-Hannifin from $1,140.00 to $1,131.00 and set an "overweight" rating for the company in a research note on Friday, October 9th. Finally, Susquehanna lifted their price target on Parker-Hannifin from $1,100.00 to $1,250.00 and gave the company a "positive" rating in a research note on Friday, August 7th. Eighteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Parker-Hannifin currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,146.35.

Insider Transactions at Parker-Hannifin

In other Parker-Hannifin news, VP Berend Bracht sold 602 shares of the company's stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $1,040.47, for a total transaction of $626,362.94. Following the completion of the sale, the vice president directly owned 4,399 shares of the company's stock, valued at approximately $4,577,027.53. This represents a 12.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.35% of the stock is owned by corporate insiders.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation is a diversified manufacturer of motion and control technologies and systems. The company serves aerospace, industrial, and other specialized markets with products designed to control the movement and flow of liquids and gases, as well as mechanical motion and power.

Its product portfolio includes hydraulic and pneumatic systems, filtration and process-control equipment, electromechanical technologies, sealing and shielding products, connectors, pumps, valves, and related components.

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