Cary Street Partners Financial LLC Purchases 524 Shares of Parker-Hannifin Corporation $PH

Cary Street Partners Financial LLC boosted its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 34.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,038 shares of the industrial products company’s stock after acquiring an additional 524 shares during the period. Cary Street Partners Financial LLC’s holdings in Parker-Hannifin were worth $1,994,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Texas Capital Bancshares Inc TX acquired a new stake in shares of Parker-Hannifin in the 3rd quarter worth $25,000. HFM Investment Advisors LLC increased its position in Parker-Hannifin by 1,000.0% during the 4th quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock valued at $29,000 after buying an additional 30 shares in the last quarter. Lloyd Advisory Services LLC. purchased a new stake in Parker-Hannifin in the fourth quarter valued at about $31,000. NFSG Corp raised its position in shares of Parker-Hannifin by 94.4% in the 1st 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 lifted its stake in shares of Parker-Hannifin by 80.0% during the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company’s stock worth $32,000 after buying an additional 16 shares during the period. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Parker-Hannifin Stock Down 0.3%

Shares of PH opened at $1,055.34 on Friday. The firm has a market cap of $133.07 billion, a P/E ratio of 37.04, a PEG ratio of 2.76 and a beta of 1.12. Parker-Hannifin Corporation has a 12 month low of $715.37 and a 12 month high of $1,099.94. The stock’s 50 day moving average is $971.32 and its two-hundred day moving average is $945.51. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 0.44.

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

Analyst Ratings Changes

PH has been the topic of a number of research analyst reports. Mizuho set a $1,050.00 price objective on shares of Parker-Hannifin in a report on Friday, May 1st. Wells Fargo & Company lowered their price target on Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating for the company in a research report on Tuesday, May 26th. UBS Group boosted their price target 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. Evercore set a $1,064.00 target price on Parker-Hannifin in a report on Monday, May 11th. Finally, Citigroup upped their target price on Parker-Hannifin from $1,141.00 to $1,232.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Eighteen 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 company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.