Parker-Hannifin Corporation $PH Stock: Krilogy Financial LLC Raises Stake

Krilogy Financial LLC grew its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 81.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,247 shares of the industrial products company’s stock after buying an additional 561 shares during the quarter. Krilogy Financial LLC’s holdings in Parker-Hannifin were worth $1,193,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in PH. BlackRock Inc. purchased a new position in Parker-Hannifin in the 2nd quarter worth approximately $10,163,362,000. State Street Corp lifted its position in Parker-Hannifin by 0.5% in the 2nd quarter. State Street Corp now owns 9,385,389 shares of the industrial products company’s stock valued at $9,180,037,000 after acquiring an additional 42,548 shares in the last quarter. Bank of America Corp DE bought a new position in Parker-Hannifin in the 2nd quarter valued at approximately $3,273,507,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Parker-Hannifin by 2.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,032,942 shares of the industrial products company’s stock valued at $1,010,341,000 after purchasing an additional 25,167 shares during the last quarter. Finally, Deutsche Bank AG purchased a new stake in Parker-Hannifin during the 2nd quarter valued at $987,587,000. Institutional investors own 82.44% of the company’s stock.

Insider Activity

In other news, VP Berend Bracht sold 602 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $1,040.47, for a total value of $626,362.94. Following the transaction, the vice president directly owned 4,399 shares in the company, valued at $4,577,027.53. This trade represents a 12.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.35% of the stock is currently owned by company insiders.

Parker-Hannifin Stock Up 0.7%

Shares of Parker-Hannifin stock opened at $962.94 on Friday. The company has a market cap of $121.44 billion, a price-to-earnings ratio of 29.60, a price-to-earnings-growth ratio of 2.67 and a beta of 1.12. The company’s 50 day moving average is $982.40 and its 200 day moving average is $949.90. Parker-Hannifin Corporation has a twelve month low of $721.17 and a twelve month high of $1,099.94. The company has a quick ratio of 0.74, a current ratio of 1.26 and a debt-to-equity ratio of 0.44.

Parker-Hannifin (NYSE:PH) last issued 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 company had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.57 billion. During the same quarter last year, the company posted $7.69 earnings per share. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. Research analysts anticipate that Parker-Hannifin Corporation will post 35.56 EPS for the current year.

Parker-Hannifin Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on PH. KeyCorp lifted their target price on Parker-Hannifin from $1,100.00 to $1,210.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. UBS Group set a $950.00 price target on Parker-Hannifin in a report on Wednesday. Jefferies Financial Group increased their price objective on Parker-Hannifin from $1,100.00 to $1,275.00 in a research report on Friday, August 7th. BNP Paribas Exane increased their price objective on Parker-Hannifin from $1,220.00 to $1,270.00 and gave the company an “outperform” rating in a research report on Friday, September 18th. Finally, JPMorgan Chase & Co. reduced their price objective on Parker-Hannifin from $1,140.00 to $1,131.00 and set an “overweight” rating for the company in a report on Friday, October 9th. Eighteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Parker-Hannifin has an average rating of “Moderate Buy” and an average price target of $1,149.52.

Parker-Hannifin Profile

Parker-Hannifin Corporation is a diversified manufacturer of motion and control technologies. The company develops and produces components and systems that manage the movement and control of liquids, gases and mechanical force across industrial, mobile and aerospace applications.

Its product portfolio includes hydraulic and pneumatic systems, electromechanical technologies, filtration and fluid-management equipment, seals and shielding products, connectors, pumps, valves, sensors, thermal-management solutions and related engineered systems.