Madison Asset Management LLC Has $86.38 Million Stock Position in Parker-Hannifin Corporation $PH

by · The Markets Daily

Madison Asset Management LLC lessened its holdings in Parker-Hannifin Corporation (NYSE:PH – Free Report) by 5.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 88,312 shares of the industrial products company’s stock after selling 4,762 shares during the quarter. Parker-Hannifin accounts for approximately 1.0% of Madison Asset Management LLC’s investment portfolio, making the stock its 26th biggest position. Madison Asset Management LLC owned about 0.07% of Parker-Hannifin worth $86,379,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Optas LLC boosted its holdings in Parker-Hannifin by 3.1% in the 1st quarter. Optas LLC now owns 370 shares of the industrial products company’s stock valued at $331,000 after purchasing an additional 11 shares during the period. Moneta Group Investment Advisors LLC increased its holdings in shares of Parker-Hannifin by 1.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 614 shares of the industrial products company’s stock worth $540,000 after purchasing an additional 11 shares during the period. Inspire Advisors LLC raised its position in shares of Parker-Hannifin by 1.2% in the fourth quarter. Inspire Advisors LLC now owns 917 shares of the industrial products company’s stock valued at $807,000 after buying an additional 11 shares in the last quarter. RFG Advisory LLC raised its position in shares of Parker-Hannifin by 0.3% in the first quarter. RFG Advisory LLC now owns 3,740 shares of the industrial products company’s stock valued at $3,348,000 after buying an additional 12 shares in the last quarter. Finally, Allen Capital Group LLC boosted its stake in shares of Parker-Hannifin by 4.8% in the first quarter. Allen Capital Group LLC now owns 264 shares of the industrial products company’s stock valued at $236,000 after buying an additional 12 shares during the period. 82.44% of the stock is owned by institutional investors.

Parker-Hannifin Price Performance

Shares of PH opened at $1,022.30 on Thursday. 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 market cap of $128.90 billion, a PE ratio of 35.88, a PEG ratio of 2.71 and a beta of 1.12. Parker-Hannifin Corporation has a 12-month low of $715.37 and a 12-month high of $1,099.94. The business has a 50-day simple moving average of $980.41 and a two-hundred day simple moving average of $947.90.

Parker-Hannifin (NYSE:PH – Get Free Report) last announced 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 return on equity of 28.48% and a net margin of 16.97%.The firm had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same period last year, the firm posted $7.69 earnings per share. The business’s revenue for the quarter 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 anticipate that Parker-Hannifin Corporation will post 34.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on PH. 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, August 7th. Stifel Nicolaus set a $1,075.00 target price on Parker-Hannifin in a research report on Friday, August 7th. Sanford C. Bernstein increased their target price on Parker-Hannifin from $1,037.00 to $1,218.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Wells Fargo & Company decreased their price target on Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 26th. Finally, BNP Paribas Exane reaffirmed an “outperform” rating and issued a $1,220.00 price target (up from $1,090.00) on shares of Parker-Hannifin in a research note on Friday, August 7th. Seventeen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Parker-Hannifin has an average rating of “Moderate Buy” and an average price target of $1,100.00.

Check Out Our Latest Report 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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