MGO One Seven LLC Acquires 1,506 Shares of Parker-Hannifin Corporation $PH

MGO One Seven LLC boosted its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 17.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,370 shares of the industrial products company’s stock after purchasing an additional 1,506 shares during the quarter. MGO One Seven LLC’s holdings in Parker-Hannifin were worth $9,907,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Polaris Financial Partners acquired a new stake in Parker-Hannifin in the third quarter valued at approximately $26,000. Latitude Advisors LLC acquired a new position in Parker-Hannifin during the 3rd quarter worth approximately $27,000. Archer Investment Corp acquired a new position in Parker-Hannifin during the 2nd quarter worth approximately $28,000. Pension & Wealth Management Advisors Inc. acquired a new position in Parker-Hannifin during the 3rd quarter worth approximately $30,000. Finally, NFSG Corp increased its position in shares of Parker-Hannifin by 94.4% in the 1st quarter. NFSG Corp now owns 35 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 17 shares during the last quarter. 82.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Parker-Hannifin news, VP Berend Bracht sold 602 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $1,040.47, for a total value of $626,362.94. Following the transaction, the vice president directly owned 4,399 shares of the company’s stock, valued at approximately $4,577,027.53. The trade was a 12.04% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.35% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on PH shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Parker-Hannifin from $998.00 to $1,023.00 and gave the company a “hold” rating in a report on Wednesday, September 30th. BMO Capital Markets reiterated an “outperform” rating and set a $1,214.00 target price (up from $1,068.00) on shares of Parker-Hannifin in a research note on Friday, August 7th. Robert W. Baird boosted their target price on shares of Parker-Hannifin from $1,050.00 to $1,275.00 in a research note on Friday, August 7th. BNP Paribas Exane increased their target price on Parker-Hannifin from $1,220.00 to $1,270.00 and gave the company an “outperform” rating in a report on Friday, September 18th. Finally, Truist Financial raised their price target on Parker-Hannifin from $1,269.00 to $1,358.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Eighteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,146.35.

Parker-Hannifin Stock Down 0.1%

Parker-Hannifin stock opened at $898.73 on Monday. Parker-Hannifin Corporation has a twelve month low of $755.10 and a twelve month high of $1,099.94. The stock has a 50 day moving average of $956.18 and a two-hundred day moving average of $949.73. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $113.34 billion, a price-to-earnings ratio of 31.55, a PEG ratio of 2.51 and a beta of 1.12.

Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, August 6th. The industrial products company reported $9.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.31 by $0.96. The business had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.57 billion. Parker-Hannifin had a return on equity of 28.48% and a net margin of 16.97%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $7.69 earnings per share. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. As a group, research analysts expect that Parker-Hannifin Corporation will post 35.72 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 13th will be given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, November 13th. Parker-Hannifin’s dividend payout ratio (DPR) is 28.08%.

About Parker-Hannifin

Parker-Hannifin Corporation is a diversified manufacturer of motion and control technologies and systems. The company serves aerospace, industrial, and other specialized markets with products designed to control the movement and flow of liquids and gases, as well as mechanical motion and power.

Its product portfolio includes hydraulic and pneumatic systems, filtration and process-control equipment, electromechanical technologies, sealing and shielding products, connectors, pumps, valves, and related components.