Community Trust & Investment Co. Sells 1,090 Shares of Parker-Hannifin Corporation $PH

Community Trust & Investment Co. cut its position in Parker-Hannifin Corporation (NYSE:PH) by 3.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 33,077 shares of the industrial products company’s stock after selling 1,090 shares during the quarter. Parker-Hannifin comprises 1.7% of Community Trust & Investment Co.’s portfolio, making the stock its 14th biggest holding. Community Trust & Investment Co.’s holdings in Parker-Hannifin were worth $32,353,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Norges Bank bought a new position in Parker-Hannifin in the fourth quarter valued at approximately $1,756,230,000. Eurizon Capital SGR S.p.A. bought a new stake in Parker-Hannifin during the fourth quarter worth $185,532,000. Focus Partners Wealth boosted its holdings in shares of Parker-Hannifin by 1,535.3% in the 4th quarter. Focus Partners Wealth now owns 221,010 shares of the industrial products company’s stock valued at $194,106,000 after purchasing an additional 207,495 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Parker-Hannifin by 119.3% in the 1st quarter. Assenagon Asset Management S.A. now owns 340,727 shares of the industrial products company’s stock valued at $305,032,000 after purchasing an additional 185,367 shares during the last quarter. Finally, Amundi increased its stake in shares of Parker-Hannifin by 36.4% in the 1st quarter. Amundi now owns 625,059 shares of the industrial products company’s stock valued at $559,578,000 after purchasing an additional 166,962 shares during the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Parker-Hannifin Trading Up 0.6%

Shares of PH stock opened at $1,076.12 on Friday. Parker-Hannifin Corporation has a twelve month low of $715.37 and a twelve month high of $1,099.94. The stock’s fifty day simple moving average is $950.62 and its 200 day simple moving average is $941.17. The company has a quick ratio of 0.66, a current ratio of 1.26 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $135.69 billion, a P/E ratio of 37.77, a P/E/G ratio of 2.86 and a beta of 1.12.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings results on Thursday, August 6th. The industrial products company reported $9.27 earnings per share for the quarter, topping the consensus estimate of $8.29 by $0.98. 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 analysts’ expectations of $5.57 billion. During the same period in the previous year, the business posted $7.69 earnings per share. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. As a group, sell-side analysts predict that Parker-Hannifin Corporation will post 34 EPS for the current fiscal year.

Key Headlines Impacting Parker-Hannifin

Here are the key news stories impacting Parker-Hannifin this week:

• Positive Sentiment: Record earnings beat expectations: Fourth-quarter sales rose 9.8% year over year to $5.8 billion, while adjusted EPS climbed 21% to a record $9.27, well above the roughly $8.26–$8.29 consensus. Full-year sales reached a record $21.5 billion and adjusted EPS rose 18% to $32.31. Parker Reports Record Fiscal 2026 Fourth Quarter and Full Year Results
• Positive Sentiment: Strong operating momentum: Parker reported broad-based aerospace and industrial growth, record total backlog of $12.8 billion—including an $8.5 billion aerospace backlog—and improved margins. Management also raised its long-term adjusted segment operating-margin target by 300 basis points to 30% by fiscal 2031.
• Positive Sentiment: Fiscal 2027 outlook supports continued growth: Adjusted EPS guidance of $34.25 to $35.25 is above consensus of $34.09, with reported and organic sales growth expected at 5.5% to 8.5%, excluding the pending Filtration Group and CIRCOR aerospace transactions.
• Positive Sentiment: Analysts raised targets: Citigroup lifted its target to $1,232 and upgraded PH to “buy”; BNP Paribas Exane raised its target to $1,220 while reaffirming “outperform”; Truist increased its target to $1,358 with a “buy” rating; and Susquehanna raised its target to $1,250 with a “positive” rating. The revisions imply roughly 13% to 26% potential upside from the referenced price. Analyst price-target updates
• Neutral Sentiment: Valuation and positioning warrant monitoring: PH trades near its 52-week high at a premium earnings multiple. Institutional activity was mixed, with some large investors reducing holdings while BlackRock and Morgan Stanley added shares.
• Negative Sentiment: Revenue guidance is below consensus: Fiscal 2027 revenue guidance of $20.9 billion to $21.5 billion trails the $22.7 billion consensus estimate, although the company said the outlook excludes pending acquisitions. Reported insider activity was also entirely selling over the past six months, which could create a modest sentiment headwind.

Analysts Set New Price Targets

Several brokerages recently weighed in on PH. Wells Fargo & Company dropped their price objective on Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating for the company in a research report on Tuesday, May 26th. Citigroup lifted their target price on Parker-Hannifin from $1,141.00 to $1,232.00 and gave the company a “buy” rating in a research report on Friday. BNP Paribas Exane reissued an “outperform” rating and set a $1,220.00 target price (up from $1,090.00) on shares of Parker-Hannifin in a research note on Friday. KeyCorp increased their target price on shares of Parker-Hannifin from $1,100.00 to $1,210.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Susquehanna raised their price target on shares of Parker-Hannifin from $1,100.00 to $1,250.00 and gave the company a “positive” rating in a research note on Friday. Eighteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,091.38.

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.