Gamco Investors INC. ET AL Purchases 1,580 Shares of Parker-Hannifin Corporation $PH

Gamco Investors INC. ET AL raised its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 580.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,852 shares of the industrial products company’s stock after buying an additional 1,580 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Parker-Hannifin were worth $1,658,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of PH. Fideuram Asset Management Ireland dac purchased a new position in Parker-Hannifin during the 4th quarter worth $1,253,000. Truist Financial Corp raised its stake in Parker-Hannifin by 2.7% in the fourth quarter. Truist Financial Corp now owns 174,852 shares of the industrial products company’s stock valued at $153,687,000 after buying an additional 4,673 shares during the last quarter. Y.D. More Investments Ltd purchased a new stake in Parker-Hannifin in the fourth quarter valued at about $3,800,000. BCS Wealth Management boosted its holdings in Parker-Hannifin by 83.3% in the fourth quarter. BCS Wealth Management now owns 3,120 shares of the industrial products company’s stock worth $2,742,000 after acquiring an additional 1,418 shares in the last quarter. Finally, Shepherd Street Advisors LLC acquired a new stake in Parker-Hannifin in the fourth quarter worth about $1,736,000. 82.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PH shares. Stifel Nicolaus upped their price objective on shares of Parker-Hannifin from $965.00 to $1,000.00 and gave the company a “hold” rating in a report on Friday, April 10th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $1,037.00 target price on shares of Parker-Hannifin in a research note on Thursday, July 16th. Truist Financial boosted their target price on shares of Parker-Hannifin from $1,147.00 to $1,269.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Citigroup reissued a “buy” rating on shares of Parker-Hannifin in a research report on Monday, June 8th. Finally, Evercore set a $1,064.00 price target on shares of Parker-Hannifin in a research note on Monday, May 11th. Eighteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Parker-Hannifin currently has a consensus rating of “Moderate Buy” and an average target price of $1,027.38.

Parker-Hannifin Trading Up 0.4%

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

Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, April 30th. The industrial products company reported $8.17 EPS for the quarter, beating analysts’ consensus estimates of $7.84 by $0.33. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The firm had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.40 billion. During the same quarter in the prior year, the firm earned $6.94 earnings per share. Parker-Hannifin’s revenue for the quarter was up 10.6% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Equities analysts predict that Parker-Hannifin Corporation will post 31.26 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.