Parker-Hannifin Corporation $PH Stock Bought by MGO One Seven LLC

Key Points

• MGO One Seven LLC increased its Parker-Hannifin stake by 17% in the third quarter, adding 1,506 shares to reach 10,370 shares valued at approximately $9.9 million. Institutional investors and hedge funds collectively own 82.44% of the company.
• Parker-Hannifin reported quarterly earnings of $9.27 per share, beating analyst expectations of $8.31, while revenue rose 9.8% year over year to $5.75 billion. The company also issued fiscal 2027 EPS guidance of $34.25 to $35.25.
• Analysts maintain a “Moderate Buy” consensus on the stock, with an average price target of $1,146.35 versus a recent share price of $898.73. Parker-Hannifin declared a quarterly dividend of $2.00 per share, equivalent to a 0.9% annualized yield.

MGO One Seven LLC raised its position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 17.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,370 shares of the industrial products company's stock after purchasing an additional 1,506 shares during the quarter. MGO One Seven LLC's holdings in Parker-Hannifin were worth $9,907,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Proficio Capital Partners LLC lifted its position in Parker-Hannifin by 234.0% during the second quarter. Proficio Capital Partners LLC now owns 1,954 shares of the industrial products company's stock valued at $1,911,000 after purchasing an additional 1,369 shares during the period. BNP Paribas boosted its holdings in Parker-Hannifin by 4.1% in the second quarter. BNP Paribas now owns 54,208 shares of the industrial products company's stock valued at $52,717,000 after purchasing an additional 2,121 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in Parker-Hannifin by 86.1% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 3,503 shares of the industrial products company's stock worth $3,426,000 after purchasing an additional 1,621 shares during the period. Rakuten Investment Management Inc. acquired a new stake in Parker-Hannifin during the 2nd quarter worth about $19,883,000. Finally, National Pension Service grew its position in Parker-Hannifin by 3.0% during the 2nd quarter. National Pension Service now owns 367,138 shares of the industrial products company's stock worth $359,105,000 after purchasing an additional 10,590 shares during the period. 82.44% of the stock is owned by institutional investors and hedge funds.

Parker-Hannifin Price Performance

Shares of NYSE PH opened at $898.73 on Monday. Parker-Hannifin Corporation has a one year low of $755.10 and a one year high of $1,099.94. 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 firm has a fifty day moving average of $956.18 and a 200 day moving average of $949.73. The firm has a market cap of $113.34 billion, a PE ratio of 31.55, a PEG ratio of 2.51 and a beta of 1.12.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The industrial products company reported $9.27 earnings per share for the quarter, beating analysts' consensus estimates of $8.31 by $0.96. The firm 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%. Parker-Hannifin's quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the company posted $7.69 EPS. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. As a group, research analysts predict that Parker-Hannifin Corporation will post 35.72 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be issued a $2.00 dividend. The ex-dividend date is Friday, November 13th. This represents a $8.00 dividend on an annualized basis and a yield of 0.9%. Parker-Hannifin's dividend payout ratio is presently 28.08%.

Insider Activity at Parker-Hannifin

In other news, VP Berend Bracht sold 602 shares of the business'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 transaction, the vice president owned 4,399 shares of the company's stock, valued at approximately $4,577,027.53. The trade was a 12.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.35% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wall Street Zen raised Parker-Hannifin from a "hold" rating to a "buy" rating in a report on Saturday, October 24th. Evercore upped their target price on Parker-Hannifin from $1,064.00 to $1,217.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. dropped their target price on Parker-Hannifin from $1,140.00 to $1,131.00 and set an "overweight" rating on the stock in a report on Friday, October 9th. Stifel Nicolaus set a $1,002.00 price target on Parker-Hannifin in a research report on Monday, October 19th. Finally, Argus lifted their price target on Parker-Hannifin from $1,030.00 to $1,200.00 and gave the company a "buy" rating in a research report on Monday, August 10th. Eighteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,146.35.

About Parker-Hannifin

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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