Parker-Hannifin Corporation $PH Shares Bought by Great Lakes Advisors LLC

Great Lakes Advisors LLC grew its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 1.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 202,922 shares of the industrial products company’s stock after purchasing an additional 2,732 shares during the period. Parker-Hannifin makes up about 1.5% of Great Lakes Advisors LLC’s investment portfolio, making the stock its 6th largest position. Great Lakes Advisors LLC owned approximately 0.16% of Parker-Hannifin worth $198,486,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in PH. Vanguard Group Inc. grew its holdings in Parker-Hannifin by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 11,142,535 shares of the industrial products company’s stock valued at $9,793,843,000 after purchasing an additional 33,606 shares in the last quarter. BlackRock Inc. acquired a new position in Parker-Hannifin in the 2nd quarter worth $10,163,362,000. Bank of America Corp DE boosted its position in Parker-Hannifin by 0.6% in the 4th quarter. Bank of America Corp DE now owns 3,926,896 shares of the industrial products company’s stock valued at $3,451,584,000 after buying an additional 22,305 shares during the last quarter. Capital World Investors boosted its position in Parker-Hannifin by 0.6% in the 4th quarter. Capital World Investors now owns 2,600,844 shares of the industrial products company’s stock valued at $2,286,038,000 after buying an additional 16,703 shares during the last quarter. Finally, Morgan Stanley grew its stake in shares of Parker-Hannifin by 1.1% during the fourth quarter. Morgan Stanley now owns 2,133,044 shares of the industrial products company’s stock valued at $1,874,862,000 after acquiring an additional 22,367 shares in the last quarter. 82.44% of the stock is owned by institutional investors and hedge funds.

Parker-Hannifin Stock Performance

Shares of Parker-Hannifin stock opened at $1,041.64 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.74 and a current ratio of 1.26. Parker-Hannifin Corporation has a 1 year low of $715.37 and a 1 year high of $1,099.94. The firm’s 50-day simple moving average is $977.50 and its 200-day simple moving average is $947.39. The firm has a market cap of $131.34 billion, a PE ratio of 36.56, a price-to-earnings-growth ratio of 2.75 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 EPS for the quarter, topping analysts’ consensus estimates of $8.31 by $0.96. The business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.57 billion. Parker-Hannifin had a return on equity of 28.48% and a net margin of 16.97%.The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the firm earned $7.69 earnings per share. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. Equities analysts forecast that Parker-Hannifin Corporation will post 34.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on PH shares. Wells Fargo & Company dropped their target price on Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 26th. Sanford C. Bernstein raised their price objective on Parker-Hannifin from $1,037.00 to $1,218.00 and gave the company an “outperform” rating in a research note on Friday. BMO Capital Markets restated an “outperform” rating and set a $1,214.00 price objective on shares of Parker-Hannifin in a report on Friday, August 7th. Truist Financial upped their target price on Parker-Hannifin from $1,269.00 to $1,358.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, Susquehanna increased their target price on Parker-Hannifin from $1,100.00 to $1,250.00 and gave the company a “positive” rating in a research note on Friday, August 7th. Seventeen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average 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.