876 Shares in Parker-Hannifin Corporation $PH Acquired by Lee Johnson Capital Management LLC

Lee Johnson Capital Management LLC purchased a new position in Parker-Hannifin Corporation (NYSE:PH) in the second quarter, HoldingsChannel.com reports. The firm purchased 876 shares of the industrial products company’s stock, valued at approximately $857,000.

Several other large investors also recently bought and sold shares of PH. Auxano Advisors LLC purchased a new stake in shares of Parker-Hannifin during the second quarter valued at approximately $509,000. Argyle Capital Partners LLC purchased a new position in shares of Parker-Hannifin in the second quarter valued at $1,585,000. B & T Capital Management DBA Alpha Capital Management purchased a new position in shares of Parker-Hannifin in the second quarter valued at $5,655,000. MidFirst Bank acquired a new stake in Parker-Hannifin during the 2nd quarter valued at $1,753,000. Finally, BlackRock Inc. acquired a new stake in Parker-Hannifin during the 2nd quarter valued at $10,163,362,000. Institutional investors and hedge funds own 82.44% of the company’s stock.

Parker-Hannifin Trading Down 0.1%

NYSE PH opened at $1,055.30 on Tuesday. Parker-Hannifin Corporation has a 12 month low of $715.37 and a 12 month 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 company has a market capitalization of $133.06 billion, a price-to-earnings ratio of 37.04, a price-to-earnings-growth ratio of 2.75 and a beta of 1.12. The company’s fifty day moving average price is $974.79 and its two-hundred day moving average price is $946.50.

Parker-Hannifin (NYSE:PH) last released its 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. The company 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 company’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $7.69 EPS. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. As a group, research analysts predict that Parker-Hannifin Corporation will post 34.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wells Fargo & Company cut their price objective on shares of Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating on the stock in a report on Tuesday, May 26th. JPMorgan Chase & Co. lowered 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. Wall Street Zen raised Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a research note on Friday, July 17th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $1,214.00 price target 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 issued a Hold rating to the stock. According to MarketBeat.com, Parker-Hannifin presently has an average rating of “Moderate Buy” and a consensus price target of $1,100.00.

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.