Gateway Wealth Partners LLC Takes $1.29 Million Position in Parker-Hannifin Corporation $PH

Gateway Wealth Partners LLC purchased a new position in shares of Parker-Hannifin Corporation (NYSE:PH) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,442 shares of the industrial products company’s stock, valued at approximately $1,291,000.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC lifted its stake in Parker-Hannifin by 5.9% in the fourth quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company’s stock valued at $1,150,000 after buying an additional 101 shares during the last quarter. Bison Wealth LLC grew its position in shares of Parker-Hannifin by 4.5% during the fourth quarter. Bison Wealth LLC now owns 749 shares of the industrial products company’s stock worth $476,000 after acquiring an additional 32 shares during the last quarter. Empowered Funds LLC grew its position in shares of Parker-Hannifin by 0.5% during the first quarter. Empowered Funds LLC now owns 2,894 shares of the industrial products company’s stock worth $1,759,000 after acquiring an additional 15 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Parker-Hannifin by 26.2% in the 1st quarter. Acadian Asset Management LLC now owns 799 shares of the industrial products company’s stock worth $484,000 after acquiring an additional 166 shares during the period. Finally, Sivia Capital Partners LLC increased its holdings in shares of Parker-Hannifin by 3.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 430 shares of the industrial products company’s stock worth $300,000 after acquiring an additional 15 shares during the period. Institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Trading Up 0.4%

Parker-Hannifin stock opened at $990.91 on Wednesday. Parker-Hannifin Corporation has a 12-month low of $692.02 and a 12-month high of $1,034.96. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.66. The stock has a market capitalization of $124.94 billion, a PE ratio of 36.55, a price-to-earnings-growth ratio of 2.64 and a beta of 1.11. The firm has a 50 day simple moving average of $927.63 and a 200-day simple moving average of $937.19.

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

Wall Street Analysts Forecast Growth

PH has been the subject of a number of analyst reports. Citigroup reissued 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 research note on Friday, May 1st. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $1,037.00 price target on shares of Parker-Hannifin in a report on Thursday, July 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a report on Friday, July 17th. Finally, JPMorgan Chase & Co. reduced their price objective on Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating for the company in a research report on Thursday, May 7th. Eighteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Parker-Hannifin currently has an average rating of “Moderate Buy” and a consensus price target of $1,027.38.

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.