Geneva Partners LLC Has $2.31 Million Stock Holdings in Parker-Hannifin Corporation $PH

Geneva Partners LLC decreased its position in Parker-Hannifin Corporation (NYSE:PH) by 47.9% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 2,365 shares of the industrial products company’s stock after selling 2,178 shares during the period. Geneva Partners LLC’s holdings in Parker-Hannifin were worth $2,313,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of PH. Vanguard Group Inc. raised its holdings in shares of Parker-Hannifin by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 11,142,535 shares of the industrial products company’s stock valued at $9,793,843,000 after purchasing an additional 33,606 shares during the last quarter. BlackRock Inc. acquired a new position in Parker-Hannifin during the second quarter worth $10,163,362,000. Bank of America Corp DE boosted its holdings in Parker-Hannifin by 0.6% during the fourth quarter. Bank of America Corp DE now owns 3,926,896 shares of the industrial products company’s stock worth $3,451,584,000 after purchasing an additional 22,305 shares during the last quarter. Capital World Investors grew its position in Parker-Hannifin by 0.6% in the fourth quarter. Capital World Investors now owns 2,600,844 shares of the industrial products company’s stock valued at $2,286,038,000 after purchasing an additional 16,703 shares in the last quarter. Finally, Morgan Stanley increased its stake in Parker-Hannifin by 1.1% in the 4th quarter. Morgan Stanley now owns 2,133,044 shares of the industrial products company’s stock valued at $1,874,862,000 after buying an additional 22,367 shares during the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Parker-Hannifin Stock Down 1.9%

Parker-Hannifin stock opened at $1,022.30 on Thursday. The firm has a market capitalization of $128.90 billion, a PE ratio of 35.88, a P/E/G ratio of 2.71 and a beta of 1.12. The company’s 50-day moving average is $980.41 and its 200-day moving average is $947.90. Parker-Hannifin Corporation has a fifty-two week low of $715.37 and a fifty-two week high of $1,099.94. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.26 and a quick ratio of 0.74.

Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, August 6th. The industrial products company reported $9.27 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $5.57 billion. During the same period last year, the business posted $7.69 EPS. Parker-Hannifin’s revenue was up 9.8% on a year-over-year basis. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. Sell-side analysts anticipate that Parker-Hannifin Corporation will post 34.93 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Susquehanna boosted their price target on shares of Parker-Hannifin from $1,100.00 to $1,250.00 and gave the stock a “positive” rating in a research report on Friday, August 7th. UBS Group raised their price objective on Parker-Hannifin from $1,092.00 to $1,250.00 and gave the company a “buy” rating in a report on Friday, August 7th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $1,214.00 target price on shares of Parker-Hannifin in a research report on Friday, August 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a report on Friday, July 17th. Finally, Evercore set a $1,064.00 price target on Parker-Hannifin in a research report on Monday, May 11th. Seventeen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,100.00.

About Parker-Hannifin

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.