Meeder Asset Management Inc. Has $38,000 Stock Holdings in Parker-Hannifin Corporation $PH

Meeder Asset Management Inc. trimmed its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 95.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42 shares of the industrial products company’s stock after selling 988 shares during the period. Meeder Asset Management Inc.’s holdings in Parker-Hannifin were worth $38,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of PH. Meeder Advisory Services Inc. grew its holdings in shares of Parker-Hannifin by 8.2% during the 1st quarter. Meeder Advisory Services Inc. now owns 6,017 shares of the industrial products company’s stock worth $5,387,000 after purchasing an additional 458 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Parker-Hannifin by 3.2% in the first quarter. Parallel Advisors LLC now owns 8,320 shares of the industrial products company’s stock valued at $7,449,000 after purchasing an additional 255 shares in the last quarter. Ironwood Investment Counsel LLC lifted its position in Parker-Hannifin by 5.0% in the first quarter. Ironwood Investment Counsel LLC now owns 440 shares of the industrial products company’s stock worth $394,000 after purchasing an additional 21 shares during the period. Planning Alternatives Ltd. ADV bought a new position in Parker-Hannifin in the first quarter worth $201,000. Finally, SEB Asset Management AB acquired a new stake in Parker-Hannifin during the first quarter worth $4,557,000. Institutional investors own 82.44% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a report on Friday, July 17th. Citigroup reaffirmed a “buy” rating on shares of Parker-Hannifin in a report on Monday, June 8th. Wall Street Zen lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. JPMorgan Chase & Co. lowered their target price on shares of Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. Finally, Evercore set a $1,064.00 price target on shares of Parker-Hannifin in a research report on Monday, May 11th. Eighteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Parker-Hannifin has a consensus rating of “Moderate Buy” and a consensus price target of $1,027.38.

Parker-Hannifin Stock Performance

Shares of NYSE:PH opened at $971.42 on Thursday. 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 business’s fifty day moving average price is $917.67 and its two-hundred day moving average price is $934.99. Parker-Hannifin Corporation has a fifty-two week low of $692.02 and a fifty-two week high of $1,034.96. The stock has a market capitalization of $122.49 billion, a price-to-earnings ratio of 35.83, a price-to-earnings-growth ratio of 2.56 and a beta of 1.11.

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