Roman Butler Fullerton & Co. Invests $2.46 Million in Parker-Hannifin Corporation $PH

Roman Butler Fullerton & Co. bought a new stake in shares of Parker-Hannifin Corporation (NYSE:PH) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,582 shares of the industrial products company’s stock, valued at approximately $2,456,000.

Other large investors also recently bought and sold shares of the company. HFM Investment Advisors LLC raised its stake 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 valued at $29,000 after purchasing an additional 30 shares in the last quarter. Texas Capital Bancshares Inc TX bought a new stake in Parker-Hannifin during the third quarter worth approximately $25,000. Lloyd Advisory Services LLC. purchased a new stake in Parker-Hannifin during the fourth quarter valued at approximately $31,000. NFSG Corp raised its position in Parker-Hannifin by 94.4% during the first quarter. NFSG Corp now owns 35 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 17 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC lifted its position in Parker-Hannifin by 80.0% in the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company’s stock worth $32,000 after buying an additional 16 shares during the last quarter. Institutional investors own 82.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on PH shares. Wall Street Zen raised shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Evercore set a $1,064.00 target price on Parker-Hannifin in a research note on Monday, May 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a report on Friday, July 17th. Susquehanna boosted 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. Finally, BNP Paribas Exane restated an “outperform” rating and issued a $1,220.00 price target (up from $1,090.00) on shares of Parker-Hannifin in a report on Friday, August 7th. Eighteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,100.00.

Parker-Hannifin Stock Down 0.0%

NYSE:PH opened at $1,055.34 on Monday. Parker-Hannifin Corporation has a 1-year low of $715.37 and a 1-year high of $1,099.94. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.26 and a quick ratio of 0.74. The firm has a market cap of $133.07 billion, a PE ratio of 37.04, a price-to-earnings-growth ratio of 2.75 and a beta of 1.12. The company has a 50-day moving average of $971.32 and a 200 day moving average of $945.59.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, August 6th. The industrial products company reported $9.27 earnings per share for the quarter, topping the consensus estimate of $8.31 by $0.96. Parker-Hannifin had a net margin of 16.97% and a return on equity of 28.48%. The firm had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.57 billion. During the same quarter in the prior year, the company earned $7.69 EPS. The company’s 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. As a group, research analysts anticipate that Parker-Hannifin Corporation will post 34.88 EPS for the current fiscal 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.