Pavion Blue Capital LLC Makes New $1.01 Million Investment in Parker-Hannifin Corporation $PH

Key Points

• Pavion Blue Capital acquired 1,037 Parker-Hannifin shares worth approximately $1.01 million during the second quarter. Institutional investors collectively own 82.44% of the company.
• Analysts remain broadly positive, with 18 Buy ratings and four Holds, producing a consensus “Moderate Buy” rating and an average price target of $1,100.
• Parker-Hannifin exceeded quarterly expectations with $9.27 in earnings per share and $5.75 billion in revenue; revenue increased 9.8% year over year.

Pavion Blue Capital LLC acquired a new stake in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,037 shares of the industrial products company's stock, valued at approximately $1,014,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of PH. Optas LLC raised its holdings in 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 buying an additional 11 shares during the period. Moneta Group Investment Advisors LLC lifted its position in Parker-Hannifin by 1.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 614 shares of the industrial products company's stock worth $540,000 after buying an additional 11 shares during the last quarter. Inspire Advisors LLC boosted its stake in Parker-Hannifin by 1.2% during the fourth quarter. Inspire Advisors LLC now owns 917 shares of the industrial products company's stock worth $807,000 after buying an additional 11 shares during the period. RFG Advisory LLC increased its position in Parker-Hannifin by 0.3% during the first quarter. RFG Advisory LLC now owns 3,740 shares of the industrial products company's stock valued at $3,348,000 after acquiring an additional 12 shares during the last quarter. Finally, Allen Capital Group LLC increased its position in Parker-Hannifin by 4.8% during the first quarter. Allen Capital Group LLC now owns 264 shares of the industrial products company's stock valued at $236,000 after acquiring an additional 12 shares during the last quarter. Hedge funds and other institutional investors own 82.44% of the company's stock.

Wall Street Analysts Forecast Growth

PH has been the subject of several analyst reports. Weiss Ratings restated a "buy (b)" rating on shares of Parker-Hannifin in a report on Friday, July 17th. Wall Street Zen upgraded shares of Parker-Hannifin from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Truist Financial increased 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 report on Friday, August 7th. Mizuho set a $1,050.00 price objective on shares of Parker-Hannifin in a research note on Friday, May 1st. Finally, Stifel Nicolaus set a $1,075.00 target price on Parker-Hannifin in a research report on Friday, August 7th. Eighteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,100.00.

Parker-Hannifin Price Performance

Parker-Hannifin stock opened at $1,055.30 on Tuesday. 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 stock has a market cap of $133.06 billion, a price-to-earnings ratio of 37.04, a price-to-earnings-growth ratio of 2.75 and a beta of 1.12. The firm has a 50-day moving average of $974.79 and a two-hundred day moving average of $946.50. Parker-Hannifin Corporation has a 1 year low of $715.37 and a 1 year high of $1,099.94.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The industrial products company reported $9.27 earnings per share for the quarter, beating the consensus estimate of $8.31 by $0.96. The firm had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.57 billion. Parker-Hannifin had a net margin of 16.97% and a return on equity of 28.48%. The company's revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $7.69 earnings per share. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. On average, research analysts forecast that Parker-Hannifin Corporation will post 34.88 earnings per share for the current year.

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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