Quantinno Capital Management LP Boosts Position in Parker-Hannifin Corporation $PH

Quantinno Capital Management LP raised its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 38.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 66,906 shares of the industrial products company’s stock after buying an additional 18,447 shares during the quarter. Quantinno Capital Management LP’s holdings in Parker-Hannifin were worth $59,898,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in PH. Texas Capital Bancshares Inc TX acquired a new stake in shares of Parker-Hannifin in the third quarter worth $25,000. HFM Investment Advisors LLC lifted its position in Parker-Hannifin by 1,000.0% during the fourth quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 30 shares during the period. Lloyd Advisory Services LLC. purchased a new stake in Parker-Hannifin in the fourth quarter valued at $31,000. NFSG Corp boosted its holdings 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 last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC grew its position 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 worth $32,000 after purchasing an additional 16 shares during the period. 82.44% of the stock is owned by hedge funds and other institutional investors.

Parker-Hannifin Price Performance

NYSE:PH opened at $990.91 on Wednesday. Parker-Hannifin Corporation has a 52 week low of $692.02 and a 52 week high of $1,034.96. The company has a quick ratio of 0.66, a current ratio of 1.13 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $124.94 billion, a PE ratio of 36.55, a price-to-earnings-growth ratio of 2.64 and a beta of 1.11. The stock’s 50-day moving average price is $927.63 and its 200-day moving average price is $937.19.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, beating the consensus estimate of $7.84 by $0.33. The firm had revenue of $5.49 billion during the quarter, compared to analyst estimates of $5.40 billion. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.Parker-Hannifin’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.94 EPS. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. As a group, equities analysts expect that Parker-Hannifin Corporation will post 31.26 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PH shares. Evercore set a $1,064.00 price objective on Parker-Hannifin in a research note on Monday, May 11th. Truist Financial raised their target price on Parker-Hannifin from $1,147.00 to $1,269.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Citigroup reiterated a “buy” rating on shares of Parker-Hannifin in a research report on Monday, June 8th. Sanford C. Bernstein reissued an “outperform” rating and issued a $1,037.00 price target on shares of Parker-Hannifin in a report on Thursday, July 16th. Finally, Wall Street Zen lowered Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Eighteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,027.38.

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.