Wealthcare Advisory Partners LLC Lowers Stock Holdings in Parker-Hannifin Corporation $PH

Wealthcare Advisory Partners LLC lessened its stake in Parker-Hannifin Corporation (NYSE:PH) by 94.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 214 shares of the industrial products company’s stock after selling 3,597 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Parker-Hannifin were worth $209,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. HFM Investment Advisors LLC increased its holdings in shares of Parker-Hannifin by 1,000.0% in 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 during the period. Texas Capital Bancshares Inc TX acquired a new stake in shares of Parker-Hannifin during the third quarter worth $25,000. Lloyd Advisory Services LLC. acquired a new position in Parker-Hannifin in the 4th quarter valued at $31,000. NFSG Corp increased its stake in Parker-Hannifin by 94.4% in the 1st quarter. NFSG Corp now owns 35 shares of the industrial products company’s stock valued at $31,000 after buying an additional 17 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC raised its position in Parker-Hannifin by 80.0% during the 4th 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. 82.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PH has been the topic of several analyst reports. Truist Financial lifted their target price on shares of Parker-Hannifin from $1,269.00 to $1,358.00 and gave the company a “buy” rating in a report on Friday, August 7th. Wall Street Zen upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Sanford C. Bernstein lifted their price objective on Parker-Hannifin from $1,037.00 to $1,218.00 and gave the company an “outperform” rating in a report on Friday. BMO Capital Markets reiterated an “outperform” rating and set a $1,214.00 target price on shares of Parker-Hannifin in a research report on Friday, August 7th. Finally, JPMorgan Chase & Co. cut their target price on Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Eighteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,100.00.

Parker-Hannifin Stock Performance

NYSE:PH opened at $1,055.30 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 1.26 and a debt-to-equity ratio of 0.44. Parker-Hannifin Corporation has a fifty-two week low of $715.37 and a fifty-two week high of $1,099.94. The stock has a market cap of $133.06 billion, a PE ratio of 37.04, a price-to-earnings-growth ratio of 2.75 and a beta of 1.12. The firm’s fifty day simple moving average is $974.79 and its 200-day simple moving average is $946.50.

Parker-Hannifin (NYSE:PH) last announced 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 during the quarter, compared to the consensus estimate of $5.57 billion. Parker-Hannifin had a net margin of 16.97% and a return on equity of 28.48%. The business’s revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm posted $7.69 EPS. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. Analysts expect that Parker-Hannifin Corporation will post 34.88 earnings per share 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.