Focus Partners Advisor Solutions LLC Invests $1.88 Million in Parker-Hannifin Corporation $PH

Focus Partners Advisor Solutions LLC purchased a new stake in shares of Parker-Hannifin Corporation (NYSE:PH) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,916 shares of the industrial products company’s stock, valued at approximately $1,875,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. State of Wyoming bought a new stake in Parker-Hannifin in the second quarter worth $253,000. ABN AMRO Bank N.V. bought a new position in Parker-Hannifin during the second quarter valued at about $312,000. EJMK Ventures LLC bought a new position in Parker-Hannifin during the second quarter valued at about $202,000. Bellars Harris Wealth Management LLC acquired a new stake in shares of Parker-Hannifin in the second quarter worth about $9,281,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Parker-Hannifin in the second quarter worth about $773,000. Institutional investors and hedge funds own 82.44% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on PH. BNP Paribas Exane reissued an “outperform” rating and issued a $1,220.00 price objective (up from $1,090.00) on shares of Parker-Hannifin in a research note on Friday, August 7th. JPMorgan Chase & Co. decreased their target price on Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating for the company in a research report on Thursday, May 7th. BMO Capital Markets reissued an “outperform” rating and issued a $1,214.00 price target on shares of Parker-Hannifin in a research report on Friday, August 7th. UBS Group lifted their price target on shares of Parker-Hannifin from $1,092.00 to $1,250.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, Citigroup upped their price objective on shares of Parker-Hannifin from $1,141.00 to $1,232.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Eighteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Parker-Hannifin has a consensus rating of “Moderate Buy” and an average target price of $1,100.00.

Parker-Hannifin Price Performance

Shares of NYSE:PH opened at $1,055.34 on Friday. The company has a market cap of $133.07 billion, a price-to-earnings ratio of 37.04, a PEG ratio of 2.75 and a beta of 1.12. The business has a 50 day moving average price of $971.32 and a 200 day moving average price of $945.51. The company has a quick ratio of 0.74, a current ratio of 1.26 and a debt-to-equity ratio of 0.44. Parker-Hannifin Corporation has a twelve month low of $715.37 and a twelve month high of $1,099.94.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings results on Thursday, August 6th. The industrial products company reported $9.27 EPS for the quarter, topping the consensus estimate of $8.31 by $0.96. Parker-Hannifin had a return on equity of 28.48% and a net margin of 16.97%.The company had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.57 billion. During the same period in the previous year, the business posted $7.69 EPS. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. Research analysts predict that Parker-Hannifin Corporation will post 34.88 earnings per share for the current year.

Parker-Hannifin 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.