CoreCap Advisors LLC Increases Stock Holdings in Parker-Hannifin Corporation $PH

CoreCap Advisors LLC boosted its stake in Parker-Hannifin Corporation (NYSE:PHFree Report) by 10.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 6,715 shares of the industrial products company’s stock after acquiring an additional 646 shares during the quarter. CoreCap Advisors LLC’s holdings in Parker-Hannifin were worth $6,568,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in PH. Avion Wealth grew its position in shares of Parker-Hannifin by 35.5% in the fourth quarter. Avion Wealth now owns 42 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 11 shares during the period. Optas LLC raised its position in shares of Parker-Hannifin by 3.1% during the 1st quarter. Optas LLC now owns 370 shares of the industrial products company’s stock worth $331,000 after purchasing an additional 11 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its stake in Parker-Hannifin by 1.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 614 shares of the industrial products company’s stock valued at $540,000 after buying an additional 11 shares in the last quarter. Inspire Advisors LLC lifted its stake in Parker-Hannifin by 1.2% in the 4th quarter. Inspire Advisors LLC now owns 917 shares of the industrial products company’s stock valued at $807,000 after buying an additional 11 shares in the last quarter. Finally, Altfest L J & Co. Inc. boosted its holdings in Parker-Hannifin by 4.4% in the 4th quarter. Altfest L J & Co. Inc. now owns 286 shares of the industrial products company’s stock worth $251,000 after buying an additional 12 shares during the last quarter. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Parker-Hannifin Stock Performance

PH opened at $996.66 on Thursday. Parker-Hannifin Corporation has a twelve month low of $692.02 and a twelve month high of $1,034.96. The firm has a market capitalization of $125.67 billion, a PE ratio of 36.76, a PEG ratio of 2.65 and a beta of 1.12. The company has a current ratio of 1.13, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46. The firm’s 50-day moving average price is $941.61 and its 200 day moving average price is $939.33.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Citigroup reiterated a “buy” rating on shares of Parker-Hannifin in a research note on Monday, June 8th. Wells Fargo & Company decreased 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. Evercore set a $1,064.00 price target on Parker-Hannifin in a research note on Monday, May 11th. JPMorgan Chase & Co. dropped their price target on 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. Finally, Stifel Nicolaus increased their price objective on Parker-Hannifin from $965.00 to $1,000.00 and gave the company a “hold” rating in a research note on Friday, April 10th. Eighteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,027.38.

Check Out Our Latest Report on Parker-Hannifin

About Parker-Hannifin

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Parker-Hannifin (NYSE:PH)

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