Parker-Hannifin Corporation $PH Shares Acquired by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. boosted its stake in Parker-Hannifin Corporation (NYSE:PHFree Report) by 50.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,446 shares of the industrial products company’s stock after buying an additional 1,482 shares during the period. Landscape Capital Management L.L.C.’s holdings in Parker-Hannifin were worth $4,349,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Texas Capital Bancshares Inc TX acquired a new position in shares of Parker-Hannifin during the third quarter valued at approximately $25,000. HFM Investment Advisors LLC raised its holdings in Parker-Hannifin by 1,000.0% during the fourth quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 30 shares in the last quarter. Lloyd Advisory Services LLC. acquired a new stake in Parker-Hannifin in the fourth quarter worth approximately $31,000. NFSG Corp lifted its position in Parker-Hannifin by 94.4% in the first quarter. NFSG Corp now owns 35 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 17 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC boosted its stake 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 in the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PH. Wall Street Zen cut Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Saturday. Susquehanna upped their price objective on Parker-Hannifin from $1,100.00 to $1,250.00 and gave the company a “positive” rating in a report on Friday, August 7th. JPMorgan Chase & Co. decreased their target price on Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a report on Friday, July 17th. Finally, Citigroup boosted their price target on shares of Parker-Hannifin from $1,141.00 to $1,232.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Seventeen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,100.00.

Get Our Latest Stock Analysis on Parker-Hannifin

Parker-Hannifin Trading Up 0.3%

Parker-Hannifin stock opened at $1,002.90 on Friday. The firm has a market cap of $126.46 billion, a price-to-earnings ratio of 35.20, a price-to-earnings-growth ratio of 2.60 and a beta of 1.12. 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 moving average price is $984.42 and its two-hundred day moving average price is $948.75. 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 (NYSE:PHGet Free Report) last announced its quarterly earnings data on Thursday, August 6th. The industrial products company reported $9.27 EPS for the quarter, beating analysts’ consensus estimates of $8.31 by $0.96. The company 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 quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.69 EPS. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. On average, research analysts predict that Parker-Hannifin Corporation will post 34.93 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Monday, August 31st will be issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, August 31st. Parker-Hannifin’s dividend payout ratio is currently 28.08%.

Parker-Hannifin Company Profile

(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.

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

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