Sandro Wealth Management LLC Purchases Shares of 2,165 Parker-Hannifin Corporation $PH

Key Points

• Sandro Wealth Management purchased 2,165 Parker-Hannifin shares worth approximately $2.12 million, making the stock its 22nd-largest holding and about 1.5% of its portfolio. Institutional investors collectively own 82.44% of PH.
• Parker-Hannifin exceeded quarterly expectations, reporting $9.27 in EPS versus an $8.31 consensus and $5.75 billion in revenue, up 9.8% year over year. The company issued FY 2027 EPS guidance of $34.25–$35.25.
• Analysts remain broadly positive, with 18 Buy ratings and four Holds; the stock has a “Moderate Buy” consensus and an average price target of $1,100.

Sandro Wealth Management LLC purchased a new position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,165 shares of the industrial products company's stock, valued at approximately $2,118,000. Parker-Hannifin accounts for about 1.5% of Sandro Wealth Management LLC's investment portfolio, making the stock its 22nd largest holding.

A number of other institutional investors have also modified their holdings of PH. Brighton Jones LLC boosted its stake in shares of Parker-Hannifin by 5.9% in the fourth quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company's stock worth $1,150,000 after buying an additional 101 shares during the last quarter. Bison Wealth LLC grew its holdings in Parker-Hannifin by 4.5% during the fourth quarter. Bison Wealth LLC now owns 749 shares of the industrial products company's stock worth $476,000 after acquiring an additional 32 shares during the period. Empowered Funds LLC raised its position in Parker-Hannifin by 0.5% during the first quarter. Empowered Funds LLC now owns 2,894 shares of the industrial products company's stock valued at $1,759,000 after acquiring an additional 15 shares in the last quarter. Acadian Asset Management LLC raised its position in Parker-Hannifin by 26.2% during the first quarter. Acadian Asset Management LLC now owns 799 shares of the industrial products company's stock valued at $484,000 after acquiring an additional 166 shares in the last quarter. Finally, Sivia Capital Partners LLC lifted its holdings in Parker-Hannifin by 3.6% in the second quarter. Sivia Capital Partners LLC now owns 430 shares of the industrial products company's stock valued at $300,000 after acquiring an additional 15 shares during the period. Hedge funds and other institutional investors own 82.44% of the company's stock.

Parker-Hannifin Stock Performance

Shares of PH stock opened at $1,055.34 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 0.44. Parker-Hannifin Corporation has a 12-month low of $715.37 and a 12-month high of $1,099.94. The business's 50 day moving average is $971.32 and its two-hundred day moving average is $945.51. The company has a market capitalization of $133.07 billion, a P/E ratio of 37.04, a P/E/G ratio of 2.75 and a beta of 1.12.

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

Analysts Set New Price Targets

Several equities research analysts have commented on PH shares. Stifel Nicolaus set a $1,075.00 price objective on Parker-Hannifin in a research report on Friday, August 7th. BNP Paribas Exane reaffirmed an "outperform" rating and set a $1,220.00 target price (up from $1,090.00) on shares of Parker-Hannifin in a report on Friday, August 7th. JPMorgan Chase & Co. decreased their target price on shares of Parker-Hannifin from $1,100.00 to $1,060.00 and set an "overweight" rating for the company in a research note on Thursday, May 7th. Wells Fargo & Company lowered their price target on shares of Parker-Hannifin from $980.00 to $950.00 and set an "overweight" rating on the stock in a report on Tuesday, May 26th. Finally, Wall Street Zen upgraded shares of Parker-Hannifin from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Eighteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Parker-Hannifin presently has an average rating of "Moderate Buy" and an average target price of $1,100.00.

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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