Plato Investment Management Ltd Invests $3.48 Million in Parker-Hannifin Corporation $PH

Plato Investment Management Ltd purchased a new stake in shares of Parker-Hannifin Corporation (NYSE:PH) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,575 shares of the industrial products company’s stock, valued at approximately $3,476,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Bell Investment Advisors Inc bought a new position in shares of Parker-Hannifin during the 2nd quarter valued at approximately $35,000. AMG National Trust Bank bought a new position in Parker-Hannifin during the second quarter worth about $206,000. Roman Butler Fullerton & Co. purchased a new position in shares of Parker-Hannifin in the second quarter worth about $2,456,000. Simplicity Wealth LLC purchased a new position in Parker-Hannifin in the 2nd quarter valued at approximately $938,000. Finally, Trivium Point Advisory LLC bought a new stake in Parker-Hannifin during the 2nd quarter valued at $2,181,000. Institutional investors own 82.44% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on PH. BNP Paribas Exane restated an “outperform” rating and issued a $1,220.00 target price (up from $1,090.00) on shares of Parker-Hannifin in a research note on Friday, August 7th. Susquehanna lifted their price objective on shares of Parker-Hannifin from $1,100.00 to $1,250.00 and gave the stock a “positive” rating in a report on Friday, August 7th. Wells Fargo & Company cut their target price on Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating for the company in a research note on Tuesday, May 26th. BMO Capital Markets reaffirmed an “outperform” rating and set a $1,214.00 price objective on shares of Parker-Hannifin in a research note on Friday, August 7th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. Eighteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,100.00.

Parker-Hannifin Price Performance

PH opened at $1,055.34 on Monday. 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 stock has a fifty day simple moving average of $971.32 and a two-hundred day simple moving average of $945.59. The company has a market cap of $133.07 billion, a price-to-earnings ratio of 37.04, a price-to-earnings-growth ratio of 2.75 and a beta of 1.12.

Parker-Hannifin (NYSE:PH) last announced 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. Parker-Hannifin had a net margin of 16.97% and a return on equity of 28.48%. The business had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.57 billion. During the same quarter in the prior year, the company earned $7.69 earnings per share. 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. Research analysts predict that Parker-Hannifin Corporation will post 34.88 earnings per share for the current fiscal 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.