Centaurus Financial Inc. Acquires New Holdings in Parker-Hannifin Corporation $PH

Centaurus Financial Inc. bought a new position in Parker-Hannifin Corporation (NYSE:PH) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 923 shares of the industrial products company’s stock, valued at approximately $903,000.

Other large investors have also recently added to or reduced their stakes in the company. Pacific Heights Asset Management LLC bought a new position in shares of Parker-Hannifin in the second quarter valued at approximately $63,578,000. Coastal Bridge Advisors LLC bought a new stake in shares of Parker-Hannifin during the 2nd quarter worth $883,000. Jefferies Financial Group Inc. bought a new stake in shares of Parker-Hannifin during the 2nd quarter worth $39,154,000. Public Employees Retirement System of Ohio acquired a new position in Parker-Hannifin in the 2nd quarter valued at $49,923,000. Finally, MASTERINVEST Kapitalanlage GmbH acquired a new position in Parker-Hannifin in the 2nd quarter valued at $1,198,000. Institutional investors own 82.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on PH shares. BNP Paribas Exane reissued an “outperform” rating and set a $1,220.00 target price (up from $1,090.00) on shares of Parker-Hannifin in a research report on Friday, August 7th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $1,214.00 price target on shares of Parker-Hannifin in a research report on Friday, August 7th. Wells Fargo & Company dropped their price objective on Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 26th. Sanford C. Bernstein boosted their price objective on 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, Susquehanna increased their target price on Parker-Hannifin from $1,100.00 to $1,250.00 and gave the company a “positive” rating in a research note on Friday, August 7th. Seventeen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,100.00.

Parker-Hannifin Price Performance

NYSE:PH opened at $995.24 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.26 and a quick ratio of 0.74. Parker-Hannifin Corporation has a one year low of $715.37 and a one year high of $1,099.94. The company has a fifty day moving average price of $991.71 and a 200 day moving average price of $950.48. The stock has a market cap of $125.45 billion, a P/E ratio of 34.93, a PEG ratio of 2.63 and a beta of 1.12.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, August 6th. The industrial products company reported $9.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.31 by $0.96. Parker-Hannifin had a net margin of 16.97% and a return on equity of 28.48%. The company had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same period last year, the business posted $7.69 EPS. The business’s quarterly revenue was up 9.8% on a year-over-year basis. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. Analysts anticipate that Parker-Hannifin Corporation will post 34.93 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Monday, August 31st will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $8.00 dividend on an annualized basis and a yield of 0.8%. Parker-Hannifin’s dividend payout ratio (DPR) is 28.08%.

Insiders Place Their Bets

In related news, VP Berend Bracht sold 602 shares of the business’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $1,040.47, for a total transaction of $626,362.94. Following the transaction, the vice president directly owned 4,399 shares in the company, valued at $4,577,027.53. The trade was a 12.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.32% of the stock is currently owned by company insiders.

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.