Trivium Point Advisory LLC bought a new stake in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,230 shares of the industrial products company's stock, valued at approximately $2,181,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Texas Capital Bancshares Inc TX purchased a new stake in Parker-Hannifin during the third quarter valued at about $25,000. HFM Investment Advisors LLC boosted its holdings in shares of Parker-Hannifin by 1,000.0% in the 4th quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company's stock worth $29,000 after purchasing an additional 30 shares in the last quarter. Lloyd Advisory Services LLC. bought a new position in shares of Parker-Hannifin during the 4th quarter valued at about $31,000. NFSG Corp raised its holdings 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 valued at $31,000 after buying an additional 17 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC raised 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 valued at $32,000 after buying an additional 16 shares in the last quarter. Hedge funds and other institutional investors own 82.44% of the company's stock.
Parker-Hannifin Price Performance
Shares of PH opened at $1,055.34 on Monday. Parker-Hannifin Corporation has a 1-year low of $715.37 and a 1-year high of $1,099.94. The firm has a fifty day simple moving average of $971.32 and a two-hundred day simple moving average of $945.59. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 0.44. The firm has a market cap of $133.07 billion, a PE 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 quarterly earnings data 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 during 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 company's revenue was up 9.8% on a year-over-year basis. During the same period last year, the firm posted $7.69 EPS. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. On average, equities analysts anticipate that Parker-Hannifin Corporation will post 34.88 EPS for the current year.
Analyst Ratings Changes
Several analysts have weighed in on the company. BMO Capital Markets reiterated an "outperform" rating and issued a $1,214.00 price objective on shares of Parker-Hannifin in a research report on Friday, August 7th. Sanford C. Bernstein raised their price target on shares of Parker-Hannifin from $1,037.00 to $1,218.00 and gave the stock an "outperform" rating in a report on Friday. Wells Fargo & Company decreased their price objective on shares of Parker-Hannifin from $980.00 to $950.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 26th. Wall Street Zen raised shares of Parker-Hannifin from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Finally, BNP Paribas Exane reiterated 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. Eighteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,100.00.
View Our Latest Stock Analysis on Parker-Hannifin
About Parker-Hannifin
(
Free Report)
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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