Simplicity Wealth LLC Takes Position in Parker-Hannifin Corporation $PH

Key Points

• Simplicity Wealth LLC acquired 959 shares of Parker-Hannifin in the second quarter, valued at approximately $938,000. Institutional investors collectively own 82.44% of the company.
• Analysts remain broadly positive: 18 rate the stock a Buy and four rate it a Hold, resulting in a consensus “Moderate Buy” rating and an average price target of $1,100.
• Parker-Hannifin exceeded quarterly expectations, reporting $9.27 in EPS versus the $8.31 consensus and $5.75 billion in revenue, up 9.8% year over year.

Simplicity Wealth LLC bought a new stake in Parker-Hannifin Corporation (NYSE:PH - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 959 shares of the industrial products company's stock, valued at approximately $938,000.

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on PH shares. Citigroup raised their target price on shares of Parker-Hannifin from $1,141.00 to $1,232.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Wall Street Zen raised shares of Parker-Hannifin from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Mizuho set a $1,050.00 price objective on shares of Parker-Hannifin in a research note on Friday, May 1st. KeyCorp raised their target price on shares of Parker-Hannifin from $1,100.00 to $1,210.00 and gave the company an "overweight" rating in a report on Friday, August 7th. Finally, BNP Paribas Exane restated an "outperform" rating and issued a $1,220.00 target price (up from $1,090.00) on shares of Parker-Hannifin in a research report on Friday, August 7th. Eighteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $1,100.00.

Parker-Hannifin Stock Down 0.0%

Shares of PH opened at $1,055.34 on Monday. Parker-Hannifin Corporation has a 52 week low of $715.37 and a 52 week high of $1,099.94. The stock has a market capitalization of $133.07 billion, a price-to-earnings ratio of 37.04, a PEG ratio of 2.75 and a beta of 1.12. 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 stock has a fifty day moving average of $971.32 and a 200-day moving average of $945.59.

Parker-Hannifin (NYSE:PH - Get Free Report) last released its quarterly earnings data 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 company had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.57 billion. Parker-Hannifin had a return on equity of 28.48% and a net margin of 16.97%.Parker-Hannifin's revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the business posted $7.69 EPS. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. As a group, sell-side analysts anticipate that Parker-Hannifin Corporation will post 34.88 earnings per share for the current fiscal year.

About Parker-Hannifin

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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