Parker-Hannifin Corporation $PH Shares Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC grew its position in Parker-Hannifin Corporation (NYSE:PH) by 2.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 44,822 shares of the industrial products company’s stock after purchasing an additional 1,062 shares during the period. Sanctuary Advisors LLC’s holdings in Parker-Hannifin were worth $43,842,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Texas Capital Bancshares Inc TX acquired a new position in Parker-Hannifin in the third quarter valued at approximately $25,000. HFM Investment Advisors LLC grew its position in 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 acquiring an additional 30 shares during the period. Lloyd Advisory Services LLC. acquired a new stake in Parker-Hannifin during the fourth quarter worth $31,000. NFSG Corp raised its position in Parker-Hannifin by 94.4% in the first quarter. NFSG Corp now owns 35 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 17 shares during the period. Finally, First Command Advisory Services Inc. raised its position in Parker-Hannifin by 1,133.3% in the fourth quarter. First Command Advisory Services Inc. now owns 37 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 34 shares during the period. Institutional investors and hedge funds own 82.44% of the company’s stock.

Parker-Hannifin Trading Up 0.1%

PH opened at $1,002.90 on Monday. Parker-Hannifin Corporation has a 52 week low of $715.37 and a 52 week 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. The business has a fifty day simple moving average of $984.42 and a 200-day simple moving average of $948.72. The firm has a market cap of $126.46 billion, a P/E ratio of 35.20, a P/E/G ratio of 2.61 and a beta of 1.12.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data 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 return on equity of 28.48% and a net margin of 16.97%.The firm had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.57 billion. During the same quarter in the previous year, the business 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. On average, equities analysts expect that Parker-Hannifin Corporation will post 34.93 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Monday, August 31st will be paid a dividend of $2.00 per share. The ex-dividend date is Monday, August 31st. This represents a $8.00 dividend on an annualized basis and a yield of 0.8%. Parker-Hannifin’s dividend payout ratio is 28.08%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a research note on Friday, July 17th. JPMorgan Chase & Co. reduced their price objective on shares of Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. KeyCorp upped their target price on shares of Parker-Hannifin from $1,100.00 to $1,210.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Wall Street Zen lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Mizuho set a $1,050.00 target price on shares of Parker-Hannifin in a research note on Friday, May 1st. Seventeen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.