Independent Financial Group LLC Purchases New Stake in Parker-Hannifin Corporation $PH

Independent Financial Group LLC acquired a new position in Parker-Hannifin Corporation (NYSE:PH) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 543 shares of the industrial products company’s stock, valued at approximately $486,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Texas Capital Bancshares Inc TX acquired a new stake in shares of Parker-Hannifin during the 3rd quarter worth approximately $25,000. HFM Investment Advisors LLC raised its stake in shares of Parker-Hannifin by 1,000.0% during the fourth quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock worth $29,000 after buying an additional 30 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new position in Parker-Hannifin in the fourth quarter valued at approximately $31,000. NFSG Corp lifted its holdings in Parker-Hannifin by 94.4% in the first quarter. NFSG Corp now owns 35 shares of the industrial products company’s stock valued at $31,000 after buying an additional 17 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC boosted its stake in Parker-Hannifin by 80.0% in the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 16 shares during the last quarter. 82.44% of the stock is owned by institutional investors.

Parker-Hannifin Price Performance

PH opened at $985.29 on Friday. The stock has a market cap of $124.23 billion, a P/E ratio of 36.34, a P/E/G ratio of 2.59 and a beta of 1.11. Parker-Hannifin Corporation has a 12 month low of $692.02 and a 12 month high of $1,034.96. The company has a quick ratio of 0.66, a current ratio of 1.13 and a debt-to-equity ratio of 0.46. The company has a fifty day simple moving average of $919.76 and a 200 day simple moving average of $935.64.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, topping the consensus estimate of $7.84 by $0.33. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The firm had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.40 billion. During the same period in the previous year, the company posted $6.94 earnings per share. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. On average, research analysts expect that Parker-Hannifin Corporation will post 31.26 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on PH shares. Stifel Nicolaus upped their target price on shares of Parker-Hannifin from $965.00 to $1,000.00 and gave the company a “hold” rating in a research report on Friday, April 10th. Citigroup restated a “buy” rating on shares of Parker-Hannifin in a research report on Monday, June 8th. Evercore set a $1,064.00 price objective on Parker-Hannifin in a research note on Monday, May 11th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $1,037.00 price objective on shares of Parker-Hannifin in a report on Thursday, July 16th. Finally, BMO Capital Markets began coverage on Parker-Hannifin in a research note on Friday, March 27th. They issued an “outperform” rating and a $1,090.00 target price on the stock. Eighteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,027.38.

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.