Madison Asset Management LLC Has $86.38 Million Stake in Parker-Hannifin Corporation $PH

Madison Asset Management LLC reduced its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 5.1% in the 2nd quarter, Holdings Channel reports. The firm owned 88,312 shares of the industrial products company’s stock after selling 4,762 shares during the quarter. Parker-Hannifin accounts for 1.0% of Madison Asset Management LLC’s investment portfolio, making the stock its 26th largest holding. Madison Asset Management LLC’s holdings in Parker-Hannifin were worth $86,379,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PH. Texas Capital Bancshares Inc TX acquired a new stake in shares of Parker-Hannifin in the third quarter valued at about $25,000. HFM Investment Advisors LLC lifted its stake in shares of Parker-Hannifin by 1,000.0% in the fourth 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 period. Lloyd Advisory Services LLC. bought a new stake in Parker-Hannifin in the fourth quarter valued at approximately $31,000. NFSG Corp boosted its holdings 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 acquiring an additional 17 shares during the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC increased its position in Parker-Hannifin by 80.0% during the 4th 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. Institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Stock Down 1.9%

PH stock opened at $1,022.30 on Thursday. The stock’s fifty day simple moving average is $980.41 and its two-hundred day simple moving average is $947.90. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 0.44. Parker-Hannifin Corporation has a 1-year low of $715.37 and a 1-year high of $1,099.94. The stock has a market cap of $128.90 billion, a P/E ratio of 35.88, a P/E/G ratio of 2.71 and a beta of 1.12.

Parker-Hannifin (NYSE:PH) last announced its earnings results on Thursday, August 6th. The industrial products company reported $9.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.31 by $0.96. The firm had revenue of $5.75 billion during 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%.The business’s revenue was up 9.8% compared to the same quarter last year. During the same period last year, the firm posted $7.69 EPS. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. Analysts expect that Parker-Hannifin Corporation will post 34.93 EPS for the current year.

Wall Street Analysts Forecast Growth

PH has been the subject of several analyst reports. Mizuho set a $1,050.00 price target on shares of Parker-Hannifin in a report on Friday, May 1st. JPMorgan Chase & Co. decreased their price objective on shares of Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating for the company in a research report on Thursday, May 7th. UBS Group lifted their target price on shares of Parker-Hannifin from $1,092.00 to $1,250.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Truist Financial boosted their target price on shares of Parker-Hannifin from $1,269.00 to $1,358.00 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, Susquehanna upped their price target on shares of Parker-Hannifin from $1,100.00 to $1,250.00 and gave the company a “positive” rating in a research report on Friday, August 7th. Seventeen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and an average price target of $1,100.00.

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.