Parker-Hannifin Corporation (NYSE:PH – Get Free Report) VP Berend Bracht sold 602 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $1,040.47, for a total value of $626,362.94. Following the completion of the sale, the vice president directly owned 4,399 shares in the company, valued at approximately $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 through this link.
Parker-Hannifin Price Performance
NYSE:PH traded down $15.96 during trading hours on Friday, reaching $995.24. The company had a trading volume of 550,623 shares, compared to its average volume of 711,540. 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 of $990.89 and a two-hundred day moving average of $950.16. Parker-Hannifin Corporation has a one year low of $715.37 and a one year high of $1,099.94. The firm has a market capitalization of $125.45 billion, a PE ratio of 34.93, a PEG ratio of 2.71 and a beta of 1.12.
Parker-Hannifin (NYSE:PH – Get 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 analysts’ consensus estimates of $8.31 by $0.96. Parker-Hannifin had a return on equity of 28.48% and a net margin of 16.97%.The company had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.57 billion. During the same period last year, the business earned $7.69 earnings per share. The business’s revenue was up 9.8% on a year-over-year basis. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. Analysts forecast that Parker-Hannifin Corporation will post 34.93 earnings per share for the current year.
Parker-Hannifin Announces Dividend
Wall Street Analyst Weigh In
Several analysts have weighed in on PH shares. BNP Paribas Exane reaffirmed an “outperform” rating and set a $1,220.00 price objective (up from $1,090.00) on shares of Parker-Hannifin in a research note on Friday, August 7th. UBS Group lifted their target price on shares of Parker-Hannifin from $1,092.00 to $1,250.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Stifel Nicolaus set a $1,075.00 target price on Parker-Hannifin in a report on Friday, August 7th. BMO Capital Markets restated an “outperform” rating and set a $1,214.00 price target on shares of Parker-Hannifin in a research report on Friday, August 7th. Finally, Sanford C. Bernstein raised their price target on Parker-Hannifin from $1,037.00 to $1,218.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Seventeen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and an average target price of $1,100.00.
View Our Latest Stock Analysis on Parker-Hannifin
Institutional Investors Weigh In On Parker-Hannifin
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System lifted its position in shares of Parker-Hannifin by 96,423.1% during the second quarter. California State Teachers Retirement System now owns 184,153,587 shares of the industrial products company’s stock worth $180,124,307,000 after purchasing an additional 183,962,800 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Parker-Hannifin in the second quarter valued at approximately $10,163,362,000. Bank of America Corp DE raised 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 worth $3,451,584,000 after purchasing an additional 22,305 shares during the last quarter. Capital World Investors raised 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 worth $2,286,038,000 after purchasing an additional 16,703 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in Parker-Hannifin by 1.1% during the 4th quarter. Morgan Stanley now owns 2,133,044 shares of the industrial products company’s stock worth $1,874,862,000 after buying an additional 22,367 shares in the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.
About Parker-Hannifin
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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