Lombard Odier Asset Management Switzerland SA Invests $4.45 Million in Parker-Hannifin Corporation $PH

Lombard Odier Asset Management Switzerland SA bought a new stake in shares of Parker-Hannifin Corporation (NYSE:PH) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,975 shares of the industrial products company’s stock, valued at approximately $4,454,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Parker-Hannifin by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 11,142,535 shares of the industrial products company’s stock valued at $9,793,843,000 after acquiring an additional 33,606 shares during the period. Bank of America Corp DE grew its holdings in Parker-Hannifin by 0.6% during the 4th quarter. Bank of America Corp DE now owns 3,926,896 shares of the industrial products company’s stock valued at $3,451,584,000 after purchasing an additional 22,305 shares during the last quarter. Capital World Investors grew its holdings in Parker-Hannifin by 0.6% during the 4th quarter. Capital World Investors now owns 2,600,844 shares of the industrial products company’s stock valued at $2,286,038,000 after purchasing an additional 16,703 shares during the last quarter. Morgan Stanley raised its position in Parker-Hannifin by 1.1% in the 4th quarter. Morgan Stanley now owns 2,133,044 shares of the industrial products company’s stock worth $1,874,862,000 after purchasing an additional 22,367 shares during the period. Finally, Norges Bank bought a new stake in Parker-Hannifin in the fourth quarter worth about $1,756,230,000. 82.44% of the stock is owned by hedge funds and other institutional investors.

Parker-Hannifin Trading Down 0.1%

Parker-Hannifin stock opened at $986.17 on Monday. The company has a quick ratio of 0.66, a current ratio of 1.13 and a debt-to-equity ratio of 0.46. Parker-Hannifin Corporation has a 52 week low of $692.02 and a 52 week high of $1,034.96. The company has a market capitalization of $124.34 billion, a price-to-earnings ratio of 36.38, a price-to-earnings-growth ratio of 2.64 and a beta of 1.11. The stock has a 50-day moving average price of $922.26 and a 200 day moving average price of $936.20.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, topping the consensus estimate of $7.84 by $0.33. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. The company had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.40 billion. During the same quarter in the prior year, the company earned $6.94 EPS. Parker-Hannifin’s quarterly 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. Sell-side analysts anticipate that Parker-Hannifin Corporation will post 31.26 EPS for the current year.

Wall Street Analysts Forecast Growth

PH has been the topic of a number of analyst reports. Mizuho set a $1,050.00 target price on Parker-Hannifin in a research note on Friday, May 1st. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a research report on Friday, July 17th. JPMorgan Chase & Co. lowered their price objective on shares of Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Evercore set a $1,064.00 price objective on shares of Parker-Hannifin in a research note on Monday, May 11th. Finally, Citigroup reiterated a “buy” rating on shares of Parker-Hannifin in a research note on Monday, June 8th. Eighteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,027.38.

About Parker-Hannifin

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.