401 Shares in Parker-Hannifin Corporation (NYSE:PH) Bought by Purkiss Capital Advisors LLC

Purkiss Capital Advisors LLC bought a new position in Parker-Hannifin Corporation (NYSE:PH) during the first quarter, according to its most recent filing with the SEC. The firm bought 401 shares of the industrial products company’s stock, valued at approximately $244,000.

Other large investors have also bought and sold shares of the company. Aster Capital Management DIFC Ltd bought a new position in Parker-Hannifin during the 4th quarter valued at $25,000. Mpwm Advisory Solutions LLC bought a new position in Parker-Hannifin during the 4th quarter valued at $32,000. Olde Wealth Management LLC bought a new position in Parker-Hannifin during the 1st quarter valued at $35,000. Chilton Capital Management LLC lifted its stake in Parker-Hannifin by 1,500.0% during the 1st quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 60 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its stake in Parker-Hannifin by 214.3% during the 4th quarter. Meeder Asset Management Inc. now owns 66 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 45 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors.

Parker-Hannifin Trading Up 1.1%

Shares of PH opened at $737.90 on Monday. The business has a 50-day moving average of $686.08 and a 200 day moving average of $651.77. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $740.83. The firm has a market cap of $94.29 billion, a P/E ratio of 28.41, a price-to-earnings-growth ratio of 3.15 and a beta of 1.34. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.70 and a current ratio of 1.21.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, May 1st. The industrial products company reported $6.94 earnings per share for the quarter, beating analysts’ consensus estimates of $6.72 by $0.22. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.14%. The business had revenue of $4.96 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the previous year, the firm earned $6.51 EPS. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. As a group, research analysts forecast that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Insiders Place Their Bets

In related news, VP Jay Reidy sold 150 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $620.37, for a total value of $93,055.50. Following the completion of the sale, the vice president owned 2,083 shares in the company, valued at $1,292,230.71. The trade was a 6.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.39% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on PH. Evercore ISI raised their price objective on Parker-Hannifin from $824.00 to $827.00 and gave the company an “outperform” rating in a research note on Monday, May 19th. KeyCorp raised their price objective on Parker-Hannifin from $735.00 to $790.00 and gave the company an “overweight” rating in a research note on Tuesday, July 15th. Barclays raised their price objective on Parker-Hannifin from $700.00 to $750.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Stifel Nicolaus lifted their target price on Parker-Hannifin from $709.00 to $717.00 and gave the stock a “hold” rating in a research note on Monday, July 21st. Finally, Wolfe Research cut Parker-Hannifin from an “outperform” rating to a “peer perform” rating in a research note on Thursday, April 3rd. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $739.59.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.