Independent Financial Group LLC Takes $486,000 Position in Parker-Hannifin Corporation $PH

Independent Financial Group LLC bought a new stake in Parker-Hannifin Corporation (NYSE:PH) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 543 shares of the industrial products company’s stock, valued at approximately $486,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PH. Vanguard Group Inc. boosted 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 acquiring an additional 33,606 shares in the last quarter. Bank of America Corp DE raised its position in Parker-Hannifin by 0.6% in the fourth 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 purchasing an additional 22,305 shares in the last quarter. Capital World Investors raised its position in Parker-Hannifin by 0.6% in the fourth quarter. Capital World Investors now owns 2,600,844 shares of the industrial products company’s stock worth $2,286,038,000 after purchasing an additional 16,703 shares in the last quarter. Morgan Stanley lifted its stake in Parker-Hannifin by 1.1% during the fourth quarter. Morgan Stanley now owns 2,133,044 shares of the industrial products company’s stock worth $1,874,862,000 after purchasing an additional 22,367 shares during the period. Finally, Norges Bank acquired a new stake in Parker-Hannifin during the fourth quarter valued at approximately $1,756,230,000. 82.44% of the stock is owned by institutional investors.

Parker-Hannifin Stock Up 1.5%

Shares of NYSE:PH opened at $985.29 on Friday. Parker-Hannifin Corporation has a 12 month low of $692.02 and a 12 month high of $1,034.96. The company’s 50-day moving average price is $919.76 and its two-hundred day moving average price is $935.64. 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 firm has a market cap of $124.23 billion, a P/E ratio of 36.34, a P/E/G ratio of 2.59 and a beta of 1.11.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data 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. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. The firm had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.40 billion. During the same quarter last year, the company posted $6.94 EPS. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. As a group, research analysts forecast that Parker-Hannifin Corporation will post 31.26 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PH shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a research note on Friday, July 17th. Evercore set a $1,064.00 target price on Parker-Hannifin in a research report on Monday, May 11th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $1,037.00 price target on shares of Parker-Hannifin in a research note on Thursday, July 16th. Wells Fargo & Company lowered their price target on Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 26th. Finally, Wall Street Zen lowered Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Eighteen research 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 stock has an average rating of “Moderate Buy” and an average target price 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.