First Trust Advisors LP Buys 931 Shares of Parker-Hannifin Corporation $PH

First Trust Advisors LP increased its stake in Parker-Hannifin Corporation (NYSE:PH) by 3.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,457 shares of the industrial products company’s stock after purchasing an additional 931 shares during the quarter. First Trust Advisors LP’s holdings in Parker-Hannifin were worth $28,162,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of PH. Vanguard Group Inc. lifted its position in shares of Parker-Hannifin by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 11,142,535 shares of the industrial products company’s stock valued at $9,793,843,000 after buying an additional 33,606 shares during the last quarter. Bank of America Corp DE increased its holdings in Parker-Hannifin by 0.6% in the 4th 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 acquiring an additional 22,305 shares during the last quarter. Capital World Investors raised its stake in Parker-Hannifin by 0.6% in the 4th quarter. Capital World Investors now owns 2,600,844 shares of the industrial products company’s stock valued at $2,286,038,000 after acquiring an additional 16,703 shares during the period. Morgan Stanley raised 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 acquiring an additional 22,367 shares during the period. Finally, Norges Bank purchased a new stake in Parker-Hannifin during the fourth quarter valued at about $1,756,230,000. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Trading Up 0.4%

Shares of PH opened at $990.91 on Wednesday. Parker-Hannifin Corporation has a 1-year low of $692.02 and a 1-year high of $1,034.96. The company has a market capitalization of $124.94 billion, a P/E ratio of 36.55, a P/E/G ratio of 2.64 and a beta of 1.11. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.66. The firm’s 50 day simple moving average is $927.63 and its 200 day simple moving average is $937.19.

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PH. Sanford C. Bernstein reiterated an “outperform” rating and issued a $1,037.00 target price on shares of Parker-Hannifin in a research note on Thursday, July 16th. Wall Street Zen lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Citigroup reaffirmed a “buy” rating on shares of Parker-Hannifin in a report on Monday, June 8th. Truist Financial lifted their price objective on shares of Parker-Hannifin from $1,147.00 to $1,269.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Finally, Stifel Nicolaus boosted their target price on shares of Parker-Hannifin from $965.00 to $1,000.00 and gave the company a “hold” rating in a report on Friday, April 10th. Eighteen investment 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, Parker-Hannifin has a consensus rating of “Moderate Buy” and an average price target of $1,027.38.

Parker-Hannifin 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.