Sequoia Financial Advisors LLC Grows Stock Position in Parker-Hannifin Corporation $PH

Sequoia Financial Advisors LLC increased its stake in Parker-Hannifin Corporation (NYSE:PH) by 10.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,061 shares of the industrial products company’s stock after acquiring an additional 5,473 shares during the period. Sequoia Financial Advisors LLC’s holdings in Parker-Hannifin were worth $58,747,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Texas Capital Bancshares Inc TX purchased a new stake in shares of Parker-Hannifin during the third quarter valued at approximately $25,000. HFM Investment Advisors LLC grew its holdings in shares of Parker-Hannifin by 1,000.0% in the fourth quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 30 shares during the last quarter. Lloyd Advisory Services LLC. purchased a new position in shares of Parker-Hannifin in the fourth quarter worth $31,000. NFSG Corp increased its stake in shares of Parker-Hannifin by 94.4% in the first quarter. NFSG Corp now owns 35 shares of the industrial products company’s stock worth $31,000 after buying an additional 17 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC raised its holdings in Parker-Hannifin by 80.0% during the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company’s stock valued at $32,000 after buying an additional 16 shares during the last quarter. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on PH. Stifel Nicolaus set a $1,075.00 price target on shares of Parker-Hannifin in a research report on Friday, August 7th. Susquehanna upped their price objective 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, August 7th. Truist Financial increased their target price on shares of Parker-Hannifin from $1,269.00 to $1,358.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Sanford C. Bernstein reiterated an “outperform” rating and set a $1,037.00 target price on shares of Parker-Hannifin in a report on Thursday, July 16th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a research note on Friday, July 17th. Eighteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Parker-Hannifin has an average rating of “Moderate Buy” and an average target price of $1,091.38.

Parker-Hannifin Stock Performance

NYSE:PH opened at $1,056.98 on Friday. The stock has a market cap of $133.27 billion, a P/E ratio of 37.10, a price-to-earnings-growth ratio of 2.79 and a beta of 1.12. The firm’s fifty day simple moving average is $967.88 and its 200 day simple moving average is $944.74. Parker-Hannifin Corporation has a twelve month low of $715.37 and a twelve month high of $1,099.94. 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 (NYSE:PH) last issued its quarterly earnings data on Thursday, August 6th. The industrial products company reported $9.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.31 by $0.96. Parker-Hannifin had a net margin of 16.97% and a return on equity of 28.48%. The business 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 firm earned $7.69 EPS. The company’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, research analysts predict that Parker-Hannifin Corporation will post 34.88 EPS 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.