SIR Capital Management L.P. Has $4.37 Million Stock Holdings in Parker-Hannifin Corporation $PH

SIR Capital Management L.P. boosted its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 178.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,463 shares of the industrial products company’s stock after acquiring an additional 2,863 shares during the quarter. SIR Capital Management L.P.’s holdings in Parker-Hannifin were worth $4,365,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. E Fund Management Co. Ltd. grew its stake in shares of Parker-Hannifin by 2.1% in the second quarter. E Fund Management Co. Ltd. now owns 477 shares of the industrial products company’s stock worth $467,000 after purchasing an additional 10 shares during the last quarter. Optas LLC grew its position in shares of Parker-Hannifin by 3.1% in the 1st quarter. Optas LLC now owns 370 shares of the industrial products company’s stock valued at $331,000 after buying an additional 11 shares during the last quarter. Moneta Group Investment Advisors LLC increased its stake in shares of Parker-Hannifin by 1.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 614 shares of the industrial products company’s stock valued at $540,000 after buying an additional 11 shares during the period. Inspire Advisors LLC raised its position in shares of Parker-Hannifin by 1.2% during the fourth quarter. Inspire Advisors LLC now owns 917 shares of the industrial products company’s stock worth $807,000 after acquiring an additional 11 shares during the last quarter. Finally, RFG Advisory LLC lifted its stake in shares of Parker-Hannifin by 0.3% in the first quarter. RFG Advisory LLC now owns 3,740 shares of the industrial products company’s stock worth $3,348,000 after acquiring an additional 12 shares during the period. Institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Stock Up 1.3%

Shares of NYSE PH opened at $1,014.87 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.26 and a quick ratio of 0.74. The company has a 50-day moving average price of $986.33 and a 200-day moving average price of $949.08. The stock has a market capitalization of $127.96 billion, a P/E ratio of 35.62, a P/E/G ratio of 2.61 and a beta of 1.12. Parker-Hannifin Corporation has a 1 year low of $715.37 and a 1 year high of $1,099.94.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, August 6th. The industrial products company reported $9.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.31 by $0.96. Parker-Hannifin had a net margin of 16.97% and a return on equity of 28.48%. The firm had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.57 billion. During the same quarter in the prior year, the business posted $7.69 EPS. The business’s 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 research analysts forecast that Parker-Hannifin Corporation will post 34.93 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Monday, August 31st will be given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, August 31st. Parker-Hannifin’s dividend payout ratio (DPR) is currently 28.08%.

Analyst Ratings Changes

Several research firms have issued reports on PH. Stifel Nicolaus set a $1,075.00 price target on shares of Parker-Hannifin in a report on Friday, August 7th. BMO Capital Markets reissued an “outperform” rating and set a $1,214.00 target price on shares of Parker-Hannifin in a research note on Friday, August 7th. Evercore set a $1,064.00 price target on shares of Parker-Hannifin in a research report on Monday, May 11th. Citigroup increased their price target on Parker-Hannifin from $1,141.00 to $1,232.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Finally, Truist Financial boosted their price objective on Parker-Hannifin from $1,269.00 to $1,358.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Seventeen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.