World Equity Group Inc. Lowers Holdings in Parker-Hannifin Corporation $PH

World Equity Group Inc. reduced its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 51.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 453 shares of the industrial products company’s stock after selling 482 shares during the period. World Equity Group Inc.’s holdings in Parker-Hannifin were worth $443,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Texas Capital Bancshares Inc TX purchased a new position in Parker-Hannifin during the third quarter worth about $25,000. HFM Investment Advisors LLC raised its holdings in shares of Parker-Hannifin by 1,000.0% in the 4th quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 30 shares in the last quarter. Lloyd Advisory Services LLC. bought a new stake in shares of Parker-Hannifin during the 4th quarter valued at about $31,000. NFSG Corp grew its holdings in shares of Parker-Hannifin by 94.4% during the first quarter. NFSG Corp now owns 35 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 17 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC increased its position in shares of Parker-Hannifin by 80.0% in the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 16 shares during the last quarter. Institutional investors own 82.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PH shares. Susquehanna boosted their price target on shares of Parker-Hannifin from $1,100.00 to $1,250.00 and gave the stock a “positive” rating in a research note on Friday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a report on Friday, July 17th. Mizuho set a $1,050.00 target price on shares of Parker-Hannifin in a research report on Friday, May 1st. BMO Capital Markets restated an “outperform” rating and set a $1,214.00 price target on shares of Parker-Hannifin in a research report on Friday. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $1,037.00 price target on shares of Parker-Hannifin in a research note on Thursday, July 16th. Eighteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,091.38.

Parker-Hannifin Stock Down 1.2%

PH opened at $1,060.53 on Tuesday. Parker-Hannifin Corporation has a 12 month low of $715.37 and a 12 month high of $1,099.94. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 0.44. The business’s 50-day moving average price is $955.35 and its 200-day moving average price is $942.08. The company has a market cap of $133.72 billion, a P/E ratio of 37.22, a P/E/G ratio of 2.83 and a beta of 1.12.

Parker-Hannifin (NYSE:PH) last posted its quarterly 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. The business had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.57 billion. Parker-Hannifin had a return on equity of 28.48% and a net margin of 16.97%.Parker-Hannifin’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the company earned $7.69 EPS. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. On average, equities analysts expect that Parker-Hannifin Corporation will post 34.5 EPS for the current year.

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.