United Capital Financial Advisors LLC Purchases Shares of 29,094 Parker-Hannifin Corporation $PH

Key Points

• United Capital Financial Advisors purchased 29,094 Parker-Hannifin shares during the second quarter, valued at approximately $28.5 million. Institutional investors and hedge funds collectively own 82.44% of the company.
• Parker-Hannifin reported quarterly EPS of $9.27, exceeding estimates by $0.96, while revenue rose 9.8% year over year to $5.75 billion. The company also issued FY 2027 EPS guidance of $34.25–$35.25.
• Analysts remain broadly positive, with 17 Buy ratings and four Holds, producing a “Moderate Buy” consensus and an average price target of $1,100. The company declared a quarterly dividend of $2.00 per share, representing a 0.8% annualized yield.

United Capital Financial Advisors LLC purchased a new stake in Parker-Hannifin Corporation (NYSE:PH - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 29,094 shares of the industrial products company's stock, valued at approximately $28,457,000.

Several other institutional investors and hedge funds also recently modified their holdings of PH. Fideuram Asset Management Ireland dac bought a new stake in Parker-Hannifin during the 4th quarter worth about $1,253,000. Truist Financial Corp grew its holdings in shares of Parker-Hannifin by 2.7% in the 4th quarter. Truist Financial Corp now owns 174,852 shares of the industrial products company's stock valued at $153,687,000 after acquiring an additional 4,673 shares in the last quarter. Shepherd Street Advisors LLC bought a new position in shares of Parker-Hannifin in the 4th quarter valued at about $1,736,000. Jefferies Financial Group Inc. acquired a new stake in shares of Parker-Hannifin in the fourth quarter valued at about $11,434,000. Finally, Horizon Investments LLC raised its holdings in Parker-Hannifin by 78.8% during the fourth quarter. Horizon Investments LLC now owns 8,829 shares of the industrial products company's stock worth $7,760,000 after acquiring an additional 3,892 shares in the last quarter. 82.44% of the stock is owned by institutional investors and hedge funds.

Parker-Hannifin Stock Down 2.8%

Shares of PH opened at $1,010.69 on Friday. Parker-Hannifin Corporation has a 52 week low of $715.37 and a 52 week high of $1,099.94. The firm has a market cap of $127.40 billion, a P/E ratio of 35.48, a price-to-earnings-growth ratio of 2.71 and a beta of 1.12. The firm's 50-day simple moving average is $990.89 and its 200 day simple moving average is $950.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.74 and a current ratio of 1.26.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The industrial products company reported $9.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.31 by $0.96. Parker-Hannifin had a net margin of 16.97% and a return on equity of 28.48%. The firm had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.57 billion. During the same period last year, the business posted $7.69 earnings per share. The business's revenue for the quarter was up 9.8% compared to the same quarter last year. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. On average, analysts forecast that Parker-Hannifin Corporation will post 34.93 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Monday, August 31st will be issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, August 31st. Parker-Hannifin's dividend payout ratio is currently 28.08%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. BMO Capital Markets reissued an "outperform" rating and set a $1,214.00 price target on shares of Parker-Hannifin in a research report on Friday, August 7th. Weiss Ratings reiterated a "buy (b)" rating on shares of Parker-Hannifin in a research note on Friday, July 17th. Mizuho set a $1,050.00 price objective on Parker-Hannifin in a report on Friday, May 1st. Susquehanna raised their target price on shares of Parker-Hannifin from $1,100.00 to $1,250.00 and gave the company a "positive" rating in a research note on Friday, August 7th. Finally, Sanford C. Bernstein boosted their target price 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, August 14th. Seventeen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,100.00.

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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