Parker-Hannifin Corporation $PH Stock Holdings Boosted by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services increased its Parker-Hannifin stake by 6.8% in the second quarter, bringing its holdings to 46,177 shares valued at approximately $45.2 million. Institutional investors collectively own 82.44% of the company.
• Analysts remain broadly bullish, with 18 Buy ratings and four Holds. Recent target-price increases helped lift the consensus rating to “Moderate Buy” and the average price target to $1,091.38.
• Parker-Hannifin reported quarterly EPS of $9.27, beating estimates by $0.96, while revenue rose 9.8% year over year to $5.75 billion. Shares opened at $1,069.26, near the company’s one-year high of $1,099.94.

Wealth Enhancement Advisory Services LLC grew its position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 6.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 46,177 shares of the industrial products company's stock after purchasing an additional 2,955 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Parker-Hannifin were worth $45,167,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Texas Capital Bancshares Inc TX bought a new position in Parker-Hannifin during the third quarter valued at about $25,000. HFM Investment Advisors LLC raised its position in Parker-Hannifin by 1,000.0% in the fourth quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company's stock worth $29,000 after acquiring an additional 30 shares in the last quarter. Lloyd Advisory Services LLC. acquired a new stake in Parker-Hannifin in the 4th quarter valued at about $31,000. NFSG Corp lifted its holdings in Parker-Hannifin by 94.4% in the 1st quarter. NFSG Corp now owns 35 shares of the industrial products company's stock valued at $31,000 after acquiring an additional 17 shares during the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC boosted its position in shares of Parker-Hannifin by 80.0% during the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 16 shares in the last quarter. Institutional investors own 82.44% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on PH shares. UBS Group boosted their target price on shares of Parker-Hannifin from $1,092.00 to $1,250.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Truist Financial raised their target price on shares of Parker-Hannifin from $1,269.00 to $1,358.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Sanford C. Bernstein restated an "outperform" rating and issued a $1,037.00 price target on shares of Parker-Hannifin in a research report on Thursday, July 16th. JPMorgan Chase & Co. dropped their price target on Parker-Hannifin from $1,100.00 to $1,060.00 and set an "overweight" rating on the stock in a report on Thursday, May 7th. Finally, KeyCorp increased their price objective on Parker-Hannifin from $1,100.00 to $1,210.00 and gave the company an "overweight" rating in a research report on Friday, August 7th. Eighteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Parker-Hannifin presently has an average rating of "Moderate Buy" and an average price target of $1,091.38.

Parker-Hannifin Stock Performance

Shares of PH opened at $1,069.26 on Thursday. The company has a 50-day moving average of $964.20 and a two-hundred day moving average of $943.82. The stock has a market cap of $134.82 billion, a price-to-earnings ratio of 37.53, a PEG ratio of 2.77 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 34.88 earnings per share for the current 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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