Parker-Hannifin Corporation $PH Shares Acquired by Tema ETFs LLC

Tema ETFs LLC boosted its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 4.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,244 shares of the industrial products company’s stock after buying an additional 559 shares during the quarter. Tema ETFs LLC’s holdings in Parker-Hannifin were worth $12,954,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Parker-Hannifin by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 11,142,535 shares of the industrial products company’s stock valued at $9,793,843,000 after acquiring an additional 33,606 shares during the last quarter. Bank of America Corp DE grew its stake in shares of 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 grew its stake in shares of 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. Morgan Stanley raised its holdings in shares of Parker-Hannifin by 1.1% in the 4th quarter. Morgan Stanley now owns 2,133,044 shares of the industrial products company’s stock worth $1,874,862,000 after purchasing an additional 22,367 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Parker-Hannifin in the 4th quarter worth approximately $1,756,230,000. 82.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on PH shares. Evercore set a $1,064.00 target price on shares of Parker-Hannifin in a report on Monday, May 11th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $1,037.00 price target on shares of Parker-Hannifin in a report on Thursday, July 16th. BMO Capital Markets reiterated an “outperform” rating and set a $1,214.00 price objective on shares of Parker-Hannifin in a research report on Friday. KeyCorp raised their price objective on Parker-Hannifin from $1,100.00 to $1,210.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Susquehanna lifted their target price on Parker-Hannifin from $1,100.00 to $1,250.00 and gave the stock a “positive” rating in a report on Friday, August 7th. Eighteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,091.38.

Parker-Hannifin Stock Performance

Parker-Hannifin stock opened at $1,062.11 on Wednesday. The firm’s 50 day simple moving average is $959.85 and its 200-day simple moving average is $942.91. The company has a market cap of $133.92 billion, a P/E ratio of 37.28, a price-to-earnings-growth ratio of 2.77 and a beta of 1.12. 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 Corporation has a fifty-two week low of $715.37 and a fifty-two week high of $1,099.94.

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

Parker-Hannifin Company Profile

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.