Parker-Hannifin Corporation $PH Position Boosted by Tema ETFs LLC

Tema ETFs LLC grew its holdings in Parker-Hannifin Corporation (NYSE:PHFree Report) by 4.4% during the second quarter, Holdings Channel.com reports. The firm owned 13,244 shares of the industrial products company’s stock after buying an additional 559 shares during the period. Tema ETFs LLC’s holdings in Parker-Hannifin were worth $12,954,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in PH. Dagco Inc. lifted its position in Parker-Hannifin by 2.2% in the 2nd quarter. Dagco Inc. now owns 6,030 shares of the industrial products company’s stock worth $5,899,000 after buying an additional 128 shares in the last quarter. Fischer Financial Services Inc. grew its holdings in shares of Parker-Hannifin by 1.0% during the 2nd quarter. Fischer Financial Services Inc. now owns 5,820 shares of the industrial products company’s stock valued at $5,693,000 after acquiring an additional 59 shares in the last quarter. Doliver Advisors LP increased its stake in shares of Parker-Hannifin by 0.6% in the second quarter. Doliver Advisors LP now owns 2,011 shares of the industrial products company’s stock worth $1,967,000 after acquiring an additional 12 shares during the last quarter. Handelsbanken Fonder AB increased its stake in shares of Parker-Hannifin by 35.5% in the second quarter. Handelsbanken Fonder AB now owns 397 shares of the industrial products company’s stock worth $388,000 after acquiring an additional 104 shares during the last quarter. Finally, Community Financial Services Group LLC raised its holdings in shares of Parker-Hannifin by 5.0% during the second quarter. Community Financial Services Group LLC now owns 9,057 shares of the industrial products company’s stock worth $8,729,000 after acquiring an additional 431 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Parker-Hannifin Stock Up 0.2%

Shares of Parker-Hannifin stock opened at $1,062.11 on Wednesday. Parker-Hannifin Corporation has a 12-month low of $715.37 and a 12-month high of $1,099.94. The company has a quick ratio of 0.74, a current ratio of 1.26 and a debt-to-equity ratio of 0.44. The stock has a 50 day moving average price of $959.85 and a two-hundred day moving average price of $942.91. The stock has a market capitalization of $133.92 billion, a P/E ratio of 37.28, a PEG ratio of 2.77 and a beta of 1.12.

Parker-Hannifin (NYSE:PHGet Free Report) last released its quarterly earnings results 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. Parker-Hannifin had a net margin of 16.97% and a return on equity of 28.48%. The company had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same quarter last year, the firm posted $7.69 earnings per share. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. Equities analysts expect that Parker-Hannifin Corporation will post 34.75 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on PH shares. Wells Fargo & Company lowered their target price on Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 26th. Mizuho set a $1,050.00 price target on Parker-Hannifin in a report on Friday, May 1st. Susquehanna boosted their price target 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. UBS Group raised their price objective on shares of Parker-Hannifin from $1,092.00 to $1,250.00 and gave the company a “buy” rating in a research report on Friday. Finally, Stifel Nicolaus set a $1,075.00 price target on shares of Parker-Hannifin in a report on Friday. Eighteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,091.38.

View Our Latest Analysis on Parker-Hannifin

Parker-Hannifin 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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