Vestmark Advisory Solutions Inc. Purchases 4,985 Shares of Parker-Hannifin Corporation $PH

Key Points

• Vestmark Advisory Solutions Inc. has increased its stake in Parker-Hannifin Corporation by 107.1%, acquiring an additional 4,985 shares during Q1, bringing their total holdings to 9,641 shares valued at approximately $5.86 million.
• Parker-Hannifin reported $7.69 EPS for its latest quarter, exceeding estimates, with revenues of $5.24 billion, up 1.1% compared to the previous year.
• Wall Street analysts have set a consensus target price of $763.00 for Parker-Hannifin, with 13 analysts recommending a buy rating.

Vestmark Advisory Solutions Inc. increased its holdings in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 107.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,641 shares of the industrial products company's stock after buying an additional 4,985 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in Parker-Hannifin were worth $5,860,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. First Manhattan CO. LLC. raised its holdings in shares of Parker-Hannifin by 1.0% in the fourth quarter. First Manhattan CO. LLC. now owns 1,580 shares of the industrial products company's stock valued at $1,005,000 after purchasing an additional 15 shares during the last quarter. Becker Capital Management Inc. boosted its stake in shares of Parker-Hannifin by 3.4% during the 4th quarter. Becker Capital Management Inc. now owns 482 shares of the industrial products company's stock worth $307,000 after acquiring an additional 16 shares during the period. Nicolet Advisory Services LLC boosted its position in Parker-Hannifin by 3.5% during the first quarter. Nicolet Advisory Services LLC now owns 468 shares of the industrial products company's stock worth $262,000 after purchasing an additional 16 shares during the period. E Fund Management Co. Ltd. increased its holdings in shares of Parker-Hannifin by 5.0% during the first quarter. E Fund Management Co. Ltd. now owns 336 shares of the industrial products company's stock worth $204,000 after purchasing an additional 16 shares during the period. Finally, Citizens National Bank Trust Department grew its position in Parker-Hannifin by 8.5% during the first quarter. Citizens National Bank Trust Department now owns 217 shares of the industrial products company's stock worth $132,000 after buying an additional 17 shares in the last quarter. Institutional investors own 82.44% of the company's stock.

Parker-Hannifin Stock Up 1.0%

PH stock traded up $7.69 during midday trading on Tuesday, hitting $743.89. The stock had a trading volume of 510,653 shares, compared to its average volume of 751,952. Parker-Hannifin Corporation has a 52-week low of $488.45 and a 52-week high of $763.99. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71. The business has a 50-day moving average of $706.86 and a two-hundred day moving average of $658.80. The firm has a market cap of $95.05 billion, a price-to-earnings ratio of 27.43, a price-to-earnings-growth ratio of 3.03 and a beta of 1.37.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, beating the consensus estimate of $7.08 by $0.61. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The firm had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same period last year, the company earned $6.77 earnings per share. The company's revenue was up 1.1% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, equities research analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Matthew A. Jacobson sold 575 shares of the company's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $733.06, for a total transaction of $421,509.50. Following the completion of the transaction, the vice president owned 1,000 shares in the company, valued at approximately $733,060. This represents a 36.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Andrew D. Ross sold 4,361 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $732.66, for a total value of $3,195,130.26. Following the transaction, the chief operating officer owned 13,120 shares of the company's stock, valued at $9,612,499.20. This represents a 24.95% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,414 shares of company stock worth $6,883,931. 0.39% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

PH has been the subject of several recent analyst reports. KeyCorp upped their price objective on shares of Parker-Hannifin from $790.00 to $810.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Morgan Stanley lifted their target price on Parker-Hannifin from $700.00 to $725.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 9th. Raymond James Financial raised their price objective on Parker-Hannifin from $735.00 to $845.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Argus set a $680.00 price objective on Parker-Hannifin in a report on Tuesday, May 6th. Finally, Stifel Nicolaus boosted their target price on Parker-Hannifin from $717.00 to $726.00 and gave the stock a "hold" rating in a research note on Friday, August 8th. Fourteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Parker-Hannifin presently has a consensus rating of "Moderate Buy" and a consensus target price of $768.71.

About Parker-Hannifin

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.