Smith Group Asset Management LLC Has $72.59 Million Stake in Parker-Hannifin Corporation $PH

Smith Group Asset Management LLC raised its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 11.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 81,081 shares of the industrial products company’s stock after acquiring an additional 8,601 shares during the period. Parker-Hannifin comprises about 3.7% of Smith Group Asset Management LLC’s portfolio, making the stock its 6th largest holding. Smith Group Asset Management LLC’s holdings in Parker-Hannifin were worth $72,587,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Texas Capital Bancshares Inc TX purchased a new stake in Parker-Hannifin during the 3rd quarter valued at about $25,000. HFM Investment Advisors LLC grew 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 worth $29,000 after acquiring an additional 30 shares during the last quarter. Lloyd Advisory Services LLC. purchased a new position in Parker-Hannifin in the 4th quarter worth approximately $31,000. NFSG Corp lifted its position in Parker-Hannifin by 94.4% in the first 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 boosted 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 valued at $32,000 after purchasing an additional 16 shares during the period. 82.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PH. JPMorgan Chase & Co. cut their target price on shares of Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a research report on Friday, July 17th. Stifel Nicolaus raised their price target on shares of Parker-Hannifin from $965.00 to $1,000.00 and gave the stock a “hold” rating in a report on Friday, April 10th. Wells Fargo & Company decreased their price objective on shares of 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, Evercore set a $1,064.00 price objective on shares of Parker-Hannifin in a research note on Monday, May 11th. Eighteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Parker-Hannifin presently has an average rating of “Moderate Buy” and an average target price of $1,027.38.

Parker-Hannifin Price Performance

PH opened at $990.91 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 1.13. The stock has a market capitalization of $124.94 billion, a PE ratio of 36.55, a price-to-earnings-growth ratio of 2.64 and a beta of 1.11. The stock’s 50 day moving average price is $927.63 and its 200-day moving average price is $937.19. Parker-Hannifin Corporation has a 52-week low of $692.02 and a 52-week high of $1,034.96.

Parker-Hannifin (NYSE:PH) last announced 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 company had revenue of $5.49 billion during the quarter, compared to analyst estimates of $5.40 billion. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The firm’s revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the firm posted $6.94 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. On average, equities research analysts predict that Parker-Hannifin Corporation will post 31.26 EPS for the current year.

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.