Entropy Technologies LP Boosts Stake in Parker-Hannifin Corporation $PH

Entropy Technologies LP raised its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 865.6% during the 1st quarter, Holdings Channel reports. The fund owned 17,603 shares of the industrial products company’s stock after purchasing an additional 15,780 shares during the period. Parker-Hannifin comprises approximately 0.7% of Entropy Technologies LP’s holdings, making the stock its 22nd largest position. Entropy Technologies LP’s holdings in Parker-Hannifin were worth $15,759,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in PH. JFS Wealth Advisors LLC lifted its stake in shares of Parker-Hannifin by 6.8% during the 4th quarter. JFS Wealth Advisors LLC now owns 173 shares of the industrial products company’s stock worth $152,000 after purchasing an additional 11 shares during the last quarter. Avion Wealth grew its stake in Parker-Hannifin by 35.5% in the fourth quarter. Avion Wealth now owns 42 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 11 shares during the last quarter. Optas LLC raised its holdings in Parker-Hannifin by 3.1% in the first quarter. Optas LLC now owns 370 shares of the industrial products company’s stock worth $331,000 after purchasing an additional 11 shares in the last quarter. Moneta Group Investment Advisors LLC raised its holdings in Parker-Hannifin by 1.8% in 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 in the last quarter. Finally, Inspire Advisors LLC lifted its position in shares of Parker-Hannifin by 1.2% during 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 during the last quarter. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PH has been the subject of several recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a research note on Friday, July 17th. Citigroup restated a “buy” rating on shares of Parker-Hannifin in a research note on Monday, June 8th. Mizuho set a $1,050.00 price target on shares of Parker-Hannifin in a report on Friday, May 1st. Evercore set a $1,064.00 price target on Parker-Hannifin in a research report on Monday, May 11th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $1,037.00 price objective on shares of Parker-Hannifin in a report on Thursday, July 16th. Eighteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,027.38.

Parker-Hannifin Trading Up 0.1%

NYSE:PH opened at $986.17 on Friday. Parker-Hannifin Corporation has a 12 month low of $692.02 and a 12 month high of $1,034.96. The firm has a fifty day simple moving average of $922.26 and a 200-day simple moving average of $936.00. The company has a current ratio of 1.13, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $124.35 billion, a P/E ratio of 36.38, a PEG ratio of 2.63 and a beta of 1.11.

Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.84 by $0.33. The firm had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.40 billion. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The firm’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm earned $6.94 EPS. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. On average, equities research analysts anticipate that Parker-Hannifin Corporation will post 31.26 earnings per share for the current year.

Parker-Hannifin 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.