Hsbc Holdings PLC Has $229.28 Million Stake in Parker-Hannifin Corporation $PH

Hsbc Holdings PLC increased its position in Parker-Hannifin Corporation (NYSE:PHFree Report) by 3.2% in the 2nd quarter, Holdings Channel reports. The firm owned 234,789 shares of the industrial products company’s stock after buying an additional 7,365 shares during the quarter. Hsbc Holdings PLC’s holdings in Parker-Hannifin were worth $229,281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Texas Capital Bancshares Inc TX bought a new position in Parker-Hannifin during the third quarter worth about $25,000. Archer Investment Corp bought a new stake in shares of Parker-Hannifin in the 2nd quarter valued at approximately $28,000. HFM Investment Advisors LLC grew its stake in shares of Parker-Hannifin by 1,000.0% in the 4th quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 30 shares during the period. Lloyd Advisory Services LLC. acquired a new position in shares of Parker-Hannifin in the 4th quarter worth approximately $31,000. Finally, NFSG Corp raised its holdings in shares of Parker-Hannifin by 94.4% in the 1st quarter. NFSG Corp now owns 35 shares of the industrial products company’s stock worth $31,000 after buying an additional 17 shares in the last quarter. Institutional investors own 82.44% of the company’s stock.

Insider Activity

In related news, VP Berend Bracht sold 602 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $1,040.47, for a total transaction of $626,362.94. Following the transaction, the vice president owned 4,399 shares in the company, valued at $4,577,027.53. This represents a 12.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.32% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

PH has been the topic of several recent analyst reports. Evercore set a $1,064.00 price target on Parker-Hannifin in a research note on Monday, May 11th. Citigroup lifted their price objective on Parker-Hannifin from $1,141.00 to $1,232.00 and gave the company a “buy” rating in a report on Friday, August 7th. Sanford C. Bernstein boosted their target price on shares of Parker-Hannifin from $1,037.00 to $1,218.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. KeyCorp upped their target price on shares of Parker-Hannifin from $1,100.00 to $1,210.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Finally, Stifel Nicolaus set a $1,075.00 price target on shares of Parker-Hannifin in a report on Friday, August 7th. Seventeen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Parker-Hannifin currently has a consensus rating of “Moderate Buy” and an average price target of $1,114.55.

View Our Latest Analysis on Parker-Hannifin

Parker-Hannifin Stock Down 0.0%

NYSE PH opened at $962.40 on Monday. The firm has a market cap of $121.31 billion, a PE ratio of 33.78, a price-to-earnings-growth ratio of 2.62 and a beta of 1.13. Parker-Hannifin Corporation has a one year low of $715.37 and a one year high of $1,099.94. The stock’s 50 day simple moving average is $991.22 and its 200 day simple moving average is $949.13. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.26 and a quick ratio of 0.74.

Parker-Hannifin (NYSE:PHGet Free Report) last issued its quarterly earnings data 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 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 business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $7.69 EPS. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. As a group, sell-side analysts forecast that Parker-Hannifin Corporation will post 34.96 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Monday, August 31st will be issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, August 31st. Parker-Hannifin’s 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.

Further Reading

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

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