Parker-Hannifin Corporation $PH Position Lifted by Krilogy Financial LLC

Krilogy Financial LLC lifted its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 81.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,247 shares of the industrial products company’s stock after purchasing an additional 561 shares during the quarter. Krilogy Financial LLC’s holdings in Parker-Hannifin were worth $1,193,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Polaris Financial Partners bought a new position in Parker-Hannifin in the third quarter worth $26,000. Archer Investment Corp purchased a new position in Parker-Hannifin during the second quarter valued at $28,000. NFSG Corp lifted its position in Parker-Hannifin by 94.4% during 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. Bell Investment Advisors Inc bought a new stake in shares of Parker-Hannifin during the 2nd quarter valued at $35,000. Finally, Brown Lisle Cummings Inc. boosted its holdings in shares of Parker-Hannifin by 76.0% during the 1st quarter. Brown Lisle Cummings Inc. now owns 44 shares of the industrial products company’s stock valued at $39,000 after buying an additional 19 shares in the last quarter. 82.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Parker-Hannifin

In other news, VP Berend Bracht sold 602 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $1,040.47, for a total transaction of $626,362.94. Following the completion of the transaction, the vice president directly owned 4,399 shares in the company, valued at $4,577,027.53. This trade represents a 12.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.35% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

PH has been the topic of a number of recent research reports. Jefferies Financial Group upped their target price on shares of Parker-Hannifin from $1,100.00 to $1,275.00 in a research report on Friday, August 7th. BMO Capital Markets reiterated an “outperform” rating and issued a $1,214.00 price target (up from $1,068.00) on shares of Parker-Hannifin in a research note on Friday, August 7th. BNP Paribas Exane lifted their price target on shares of Parker-Hannifin from $1,220.00 to $1,270.00 and gave the company an “outperform” rating in a research report on Friday, September 18th. The Goldman Sachs Group lifted their price target on shares of Parker-Hannifin from $1,071.00 to $1,165.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, Robert W. Baird boosted their price objective on shares of Parker-Hannifin from $1,050.00 to $1,275.00 in a research note on Friday, August 7th. Eighteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Parker-Hannifin currently has an average rating of “Moderate Buy” and an average price target of $1,149.52.

Parker-Hannifin Stock Performance

Parker-Hannifin stock opened at $962.94 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.26 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $121.44 billion, a P/E ratio of 29.60, a PEG ratio of 2.67 and a beta of 1.12. The stock’s 50 day moving average is $982.40 and its 200 day moving average is $949.90. Parker-Hannifin Corporation has a twelve month low of $721.17 and a twelve month high of $1,099.94.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data on Thursday, August 6th. The industrial products company reported $9.27 earnings per share for the quarter, beating analysts’ consensus estimates of $8.31 by $0.96. The company had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.57 billion. Parker-Hannifin had a return on equity of 28.48% and a net margin of 16.97%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the company earned $7.69 EPS. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. On average, equities research analysts predict that Parker-Hannifin Corporation will post 35.56 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Monday, August 31st were paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, August 31st. Parker-Hannifin’s dividend payout ratio is currently 28.08%.

Parker-Hannifin Profile

Parker-Hannifin Corporation is a diversified manufacturer of motion and control technologies. The company develops and produces components and systems that manage the movement and control of liquids, gases and mechanical force across industrial, mobile and aerospace applications.

Its product portfolio includes hydraulic and pneumatic systems, electromechanical technologies, filtration and fluid-management equipment, seals and shielding products, connectors, pumps, valves, sensors, thermal-management solutions and related engineered systems.