Parker-Hannifin Corporation $PH Stock: Sigma Planning Corp Grows Position

Key Points

• Sigma Planning Corp increased its Parker-Hannifin position by 162.7% in the third quarter, bringing its holdings to 3,331 shares worth approximately $3.18 million. Institutional investors collectively own 82.44% of the company.
• Parker-Hannifin exceeded quarterly expectations with earnings of $9.27 per share versus the $8.31 consensus and revenue of $5.75 billion, up 9.8% year over year. The company issued fiscal 2027 EPS guidance of $34.25 to $35.25.
• The company pays a quarterly dividend of $2.00, or $8.00 annually, representing a 0.9% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $1,146.35.

Sigma Planning Corp lifted its holdings in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 162.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,331 shares of the industrial products company's stock after acquiring an additional 2,063 shares during the period. Sigma Planning Corp's holdings in Parker-Hannifin were worth $3,180,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Parker-Hannifin in the 2nd quarter valued at $10,163,362,000. State Street Corp raised its position in Parker-Hannifin by 0.5% in the second quarter. State Street Corp now owns 9,385,389 shares of the industrial products company's stock valued at $9,180,037,000 after purchasing an additional 42,548 shares during the period. Bank of America Corp DE acquired a new position in shares of Parker-Hannifin during the second quarter worth about $3,273,507,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Parker-Hannifin by 2.5% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,032,942 shares of the industrial products company's stock worth $1,010,341,000 after purchasing an additional 25,167 shares in the last quarter. Finally, Deutsche Bank AG acquired a new position in shares of Parker-Hannifin during the second quarter worth about $987,587,000. Institutional investors and hedge funds own 82.44% of the company's stock.

Parker-Hannifin Stock Performance

Shares of PH stock opened at $905.02 on Tuesday. Parker-Hannifin Corporation has a 12 month low of $755.10 and a 12 month high of $1,099.94. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.26 and a quick ratio of 0.74. The firm has a market capitalization of $114.13 billion, a P/E ratio of 31.77, a P/E/G ratio of 2.45 and a beta of 1.12. The company's fifty day moving average price is $968.75 and its two-hundred day moving average price is $949.97.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $5.75 billion during the quarter, compared to analysts' expectations 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 for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the company posted $7.69 EPS. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. On average, research analysts anticipate that Parker-Hannifin Corporation will post 35.72 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Monday, August 31st were paid a $2.00 dividend. The ex-dividend date was Monday, August 31st. This represents a $8.00 annualized dividend and a dividend yield of 0.9%. Parker-Hannifin's payout ratio is 28.08%.

Insider Buying and Selling

In related news, VP Berend Bracht sold 602 shares of the stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $1,040.47, for a total value of $626,362.94. Following the completion of the transaction, the vice president 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.35% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on PH. Wall Street Zen upgraded Parker-Hannifin from a "hold" rating to a "buy" rating in a research note on Saturday. Weiss Ratings reiterated a "buy (b)" rating on shares of Parker-Hannifin in a report on Thursday, October 15th. JPMorgan Chase & Co. reduced their price target on Parker-Hannifin from $1,140.00 to $1,131.00 and set an "overweight" rating on the stock in a research report on Friday, October 9th. Jefferies Financial Group boosted their price target on Parker-Hannifin from $1,100.00 to $1,275.00 in a research report on Friday, August 7th. Finally, BMO Capital Markets restated an "outperform" rating and issued a $1,214.00 price target (up from $1,068.00) on shares of Parker-Hannifin in a report on Friday, August 7th. Eighteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average 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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