Parker-Hannifin Corporation $PH Shares Purchased by Great Lakes Advisors LLC

Great Lakes Advisors LLC raised its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 1.4% in the 2nd quarter, Holdings Channel reports. The firm owned 202,922 shares of the industrial products company’s stock after purchasing an additional 2,732 shares during the quarter. Parker-Hannifin comprises about 1.5% of Great Lakes Advisors LLC’s investment portfolio, making the stock its 6th biggest holding. Great Lakes Advisors LLC’s holdings in Parker-Hannifin were worth $198,486,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Compass Wealth Management LLC acquired a new position in shares of Parker-Hannifin in the 2nd quarter valued at about $293,000. Stevens Capital Partners grew its position in shares of Parker-Hannifin by 9.2% during the 2nd quarter. Stevens Capital Partners now owns 332 shares of the industrial products company’s stock valued at $325,000 after buying an additional 28 shares during the last quarter. Danica Pension Livsforsikringsaktieselskab raised its stake in Parker-Hannifin by 188.8% during the second quarter. Danica Pension Livsforsikringsaktieselskab now owns 49,318 shares of the industrial products company’s stock worth $48,239,000 after acquiring an additional 32,240 shares during the period. Diversify Advisory Services LLC acquired a new stake in Parker-Hannifin during the second quarter worth about $1,070,000. Finally, Wealthfront Advisers LLC bought a new position in Parker-Hannifin in the second quarter worth about $14,779,000. 82.44% of the stock is owned by institutional investors and hedge funds.

Parker-Hannifin Stock Down 1.1%

PH opened at $1,041.64 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.74 and a current ratio of 1.26. The company has a market capitalization of $131.34 billion, a PE ratio of 36.56, a P/E/G ratio of 2.75 and a beta of 1.12. The stock’s fifty day moving average is $977.50 and its 200-day moving average is $947.39. Parker-Hannifin Corporation has a one year low of $715.37 and a one year high of $1,099.94.

Parker-Hannifin (NYSE:PH) last announced its earnings results on Thursday, August 6th. The industrial products company reported $9.27 earnings per share for the quarter, beating the consensus estimate of $8.31 by $0.96. The business had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.57 billion. Parker-Hannifin had a return on equity of 28.48% and a net margin of 16.97%.The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the business posted $7.69 earnings per share. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. On average, equities analysts predict that Parker-Hannifin Corporation will post 34.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on PH shares. Evercore set a $1,064.00 target price on Parker-Hannifin in a research note on Monday, May 11th. KeyCorp boosted their price objective on 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. Mizuho set a $1,050.00 price objective on Parker-Hannifin in a research note on Friday, May 1st. 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. Finally, UBS Group raised their target price on Parker-Hannifin from $1,092.00 to $1,250.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Seventeen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,100.00.

Parker-Hannifin Company 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.