11,749 Parker-Hannifin Corporation $PH Shares Acquired by Carnegie Lake Advisors LLC

Carnegie Lake Advisors LLC increased its stake in Parker-Hannifin Corporation (NYSE:PH) by 141.5% in the 3rd quarter, Holdings Channel reports. The firm owned 20,055 shares of the industrial products company’s stock after purchasing an additional 11,749 shares during the period. Parker-Hannifin accounts for approximately 16.8% of Carnegie Lake Advisors LLC’s holdings, making the stock its biggest position. Carnegie Lake Advisors LLC’s holdings in Parker-Hannifin were worth $19,161,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Parker-Hannifin during the second quarter valued at approximately $10,163,362,000. Bank of America Corp DE bought a new position in shares of Parker-Hannifin in the second quarter valued at approximately $3,273,507,000. Deutsche Bank AG acquired a new stake in shares of Parker-Hannifin in the second quarter worth $987,587,000. Bank of New York Mellon Corp acquired a new stake in shares of Parker-Hannifin in the second quarter worth $712,222,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Parker-Hannifin in the second quarter worth $305,628,000. Institutional investors own 82.44% of the company’s stock.

Parker-Hannifin News Roundup

Here are the key news stories impacting Parker-Hannifin this week:

• Positive Sentiment: Results and outlook topped expectations. Fiscal Q1 sales rose 18% to a record $6.0 billion, with organic growth of 11.5%. Adjusted EPS of $8.90 beat the $8.21 consensus estimate. PH raised FY2027 adjusted EPS guidance to $36.45–$37.25, above analyst estimates, and forecast revenue of $24.9–$25.6 billion, also ahead of consensus. Company earnings release
• Positive Sentiment: Broad demand and operating performance strengthened the growth case. Management cited increased demand across market verticals and record backlog levels. Adjusted segment operating margin expanded to 28.6%, up 120 basis points year over year; the company also raised its outlook for organic sales growth, margins and free cash flow. Zacks earnings analysis
• Neutral Sentiment: Truist lowered its price target but maintained a Buy rating. The firm cut its target to $1,237 from $1,358, a less bullish valuation view that nonetheless remains consistent with a positive recommendation. Truist price-target update
• Neutral Sentiment: PH is scheduled to present at the Robert W. Baird Global Industrial Conference on November 10. The announcement did not provide new financial details. Conference announcement

Parker-Hannifin Stock Performance

NYSE:PH opened at $915.21 on Monday. The firm’s 50-day moving average is $946.34 and its 200-day moving average is $949.24. The company has a market cap of $115.42 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 2.46 and a beta of 1.15. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.55 and a current ratio of 0.94. Parker-Hannifin Corporation has a 52-week low of $806.22 and a 52-week high of $1,099.94.

Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, November 5th. The industrial products company reported $8.90 earnings per share for the quarter, beating the consensus estimate of $8.21 by $0.69. Parker-Hannifin had a net margin of 16.62% and a return on equity of 28.80%. The business had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.81 billion. During the same quarter last year, the company earned $7.22 earnings per share. The firm’s revenue was up 17.9% on a year-over-year basis. Parker-Hannifin has set its FY 2027 guidance at 36.450-37.250 EPS. Equities research analysts anticipate that Parker-Hannifin Corporation will post 37.06 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be issued a $2.00 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $8.00 annualized dividend and a yield of 0.9%. Parker-Hannifin’s dividend payout ratio is 27.47%.

Wall Street Analysts Forecast Growth

PH has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a report on Thursday, October 15th. Raymond James Financial lifted their target price on shares of Parker-Hannifin from $1,050.00 to $1,250.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Truist Financial boosted their target price on shares of Parker-Hannifin from $1,269.00 to $1,358.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Sanford C. Bernstein boosted their target price on shares of Parker-Hannifin from $1,037.00 to $1,218.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Finally, Wall Street Zen cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Saturday. Eighteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,146.35.

Insider Activity at Parker-Hannifin

In other Parker-Hannifin news, VP Berend Bracht sold 602 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $1,040.47, for a total value of $626,362.94. Following the completion of the sale, the vice president owned 4,399 shares in the company, valued at approximately $4,577,027.53. This trade represents a 12.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.35% of the company’s stock.

Parker-Hannifin Company Profile

Parker-Hannifin is a global manufacturer of motion and control technologies. Its products include hydraulic and pneumatic systems, fluid connectors, filtration and sealing products, electromechanical components, and systems for aerospace and climate control applications.

The company serves customers across industries such as aerospace, manufacturing, transportation, energy, and life sciences. Its operations span markets around the world, with businesses organized around industrial and aerospace products and services.

Founded in 1917 by Arthur L.