Parker-Hannifin Corporation $PH Stock Position Lifted by Empowered Funds LLC

Empowered Funds LLC boosted its stake in Parker-Hannifin Corporation (NYSE:PH) by 19.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,827 shares of the industrial products company’s stock after buying an additional 8,860 shares during the quarter. Empowered Funds LLC’s holdings in Parker-Hannifin were worth $48,188,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of PH. Avion Wealth grew its holdings in shares of Parker-Hannifin by 35.5% during the 4th quarter. Avion Wealth now owns 42 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 11 shares in the last quarter. Optas LLC raised its holdings in shares of Parker-Hannifin by 3.1% during the first quarter. Optas LLC now owns 370 shares of the industrial products company’s stock worth $331,000 after acquiring an additional 11 shares in the last quarter. Moneta Group Investment Advisors LLC raised its holdings in shares of Parker-Hannifin by 1.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 614 shares of the industrial products company’s stock worth $540,000 after acquiring an additional 11 shares in the last quarter. Inspire Advisors LLC boosted its position in Parker-Hannifin by 1.2% during the fourth quarter. Inspire Advisors LLC now owns 917 shares of the industrial products company’s stock valued at $807,000 after purchasing an additional 11 shares during the last quarter. Finally, Altfest L J & Co. Inc. boosted its position in Parker-Hannifin by 4.4% during the fourth quarter. Altfest L J & Co. Inc. now owns 286 shares of the industrial products company’s stock valued at $251,000 after purchasing an additional 12 shares during the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Parker-Hannifin Stock Performance

Shares of NYSE PH opened at $987.98 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 1.13. The firm has a market cap of $124.57 billion, a price-to-earnings ratio of 36.44, a P/E/G ratio of 2.64 and a beta of 1.11. The business’s 50-day simple moving average is $924.86 and its 200-day simple moving average is $936.61. Parker-Hannifin Corporation has a 52 week low of $692.02 and a 52 week high of $1,034.96.

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

Analyst Ratings Changes

PH has been the topic of several research reports. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $1,037.00 target price on shares of Parker-Hannifin in a research report on Thursday, July 16th. Citigroup reiterated a “buy” rating on shares of Parker-Hannifin in a report on Monday, June 8th. Evercore set a $1,064.00 price objective on Parker-Hannifin in a report on Monday, May 11th. Truist Financial raised their price objective on shares of Parker-Hannifin from $1,147.00 to $1,269.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Finally, Mizuho set a $1,050.00 target price on shares of Parker-Hannifin in a research note on Friday, May 1st. Eighteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Parker-Hannifin has a consensus rating of “Moderate Buy” and a consensus price target of $1,027.38.

Parker-Hannifin Company Profile

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.