Vaughan Nelson Investment Management L.P. Lowers Stock Holdings in Parker-Hannifin Corporation $PH

Key Points

• Vaughan Nelson Investment Management cut its Parker-Hannifin stake by 14.3% in the second quarter, selling 6,167 shares and retaining 37,020 shares valued at approximately $36.2 million. Institutional investors collectively own 82.44% of the company.
• Analysts remain broadly bullish, with 18 Buy ratings and four Holds producing a “Moderate Buy” consensus and an average price target of $1,091.38.
• Parker-Hannifin reported quarterly EPS of $9.27, beating estimates of $8.31, while revenue rose 9.8% year over year to $5.75 billion. Shares recently traded down 1.2% at $1,056.98.

Vaughan Nelson Investment Management L.P. reduced its position in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 14.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,020 shares of the industrial products company's stock after selling 6,167 shares during the quarter. Vaughan Nelson Investment Management L.P.'s holdings in Parker-Hannifin were worth $36,210,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of PH. Optas LLC boosted its stake in shares of Parker-Hannifin by 3.1% in the first quarter. Optas LLC now owns 370 shares of the industrial products company's stock valued at $331,000 after purchasing an additional 11 shares during the period. Moneta Group Investment Advisors LLC increased its stake in Parker-Hannifin by 1.8% during the 4th 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 period. Inspire Advisors LLC lifted its holdings in Parker-Hannifin by 1.2% during the 4th quarter. Inspire Advisors LLC now owns 917 shares of the industrial products company's stock worth $807,000 after buying an additional 11 shares in the last quarter. RFG Advisory LLC lifted its holdings in Parker-Hannifin by 0.3% during the 1st quarter. RFG Advisory LLC now owns 3,740 shares of the industrial products company's stock worth $3,348,000 after buying an additional 12 shares in the last quarter. Finally, Allen Capital Group LLC boosted its position in Parker-Hannifin by 4.8% in the 1st quarter. Allen Capital Group LLC now owns 264 shares of the industrial products company's stock valued at $236,000 after buying an additional 12 shares during the period. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on PH shares. Sanford C. Bernstein restated an "outperform" rating and issued a $1,037.00 price target on shares of Parker-Hannifin in a research note on Thursday, July 16th. Susquehanna lifted their target price on Parker-Hannifin from $1,100.00 to $1,250.00 and gave the company a "positive" rating in a report on Friday, August 7th. Wells Fargo & Company lowered their target price on Parker-Hannifin from $980.00 to $950.00 and set an "overweight" rating for the company in a research note on Tuesday, May 26th. Stifel Nicolaus set a $1,075.00 price target on Parker-Hannifin in a report on Friday, August 7th. Finally, Evercore set a $1,064.00 price target on Parker-Hannifin in a research report on Monday, May 11th. Eighteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $1,091.38.

Parker-Hannifin Trading Down 1.2%

Shares of NYSE:PH opened at $1,056.98 on Friday. Parker-Hannifin Corporation has a 52 week low of $715.37 and a 52 week high of $1,099.94. The company's 50 day moving average is $967.88 and its two-hundred day moving average is $944.74. The company has a market cap of $133.27 billion, a PE ratio of 37.10, a P/E/G ratio of 2.79 and a beta of 1.12. 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 (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 (EPS) for the quarter, topping the consensus estimate of $8.31 by $0.96. The business had revenue of $5.75 billion during the quarter, compared to analysts' expectations 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 for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the company earned $7.69 EPS. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. Equities analysts predict 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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