Janus Henderson Group PLC Buys 686 Shares of Parker-Hannifin Corporation $PH

Janus Henderson Group PLC boosted its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 2.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,409 shares of the industrial products company’s stock after purchasing an additional 686 shares during the period. Janus Henderson Group PLC’s holdings in Parker-Hannifin were worth $28,102,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Avion Wealth boosted its holdings in shares of Parker-Hannifin by 35.5% in the 4th quarter. Avion Wealth now owns 42 shares of the industrial products company’s stock valued at $36,000 after buying an additional 11 shares during the last quarter. Optas LLC increased its holdings in Parker-Hannifin by 3.1% during the first quarter. Optas LLC now owns 370 shares of the industrial products company’s stock worth $331,000 after buying an additional 11 shares during the last quarter. Moneta Group Investment Advisors LLC raised its position in Parker-Hannifin by 1.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 614 shares of the industrial products company’s stock worth $540,000 after acquiring an additional 11 shares in the last quarter. Inspire Advisors LLC raised its position in Parker-Hannifin by 1.2% during the fourth quarter. Inspire Advisors LLC now owns 917 shares of the industrial products company’s stock worth $807,000 after acquiring an additional 11 shares in the last quarter. Finally, Altfest L J & Co. Inc. lifted its stake in Parker-Hannifin by 4.4% in the fourth quarter. Altfest L J & Co. Inc. now owns 286 shares of the industrial products company’s stock valued at $251,000 after acquiring an additional 12 shares during the last quarter. 82.44% of the stock is currently owned by institutional investors.

Parker-Hannifin Price Performance

Shares of PH opened at $978.14 on Monday. The company’s 50-day moving average is $933.72 and its 200-day moving average is $938.15. 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 firm has a market capitalization of $123.33 billion, a PE ratio of 36.08, a PEG ratio of 2.61 and a beta of 1.12. Parker-Hannifin Corporation has a fifty-two week low of $692.02 and a fifty-two week high of $1,034.96.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, beating 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 firm had revenue of $5.49 billion for the quarter, compared to analysts’ expectations of $5.40 billion. During the same period in the prior year, the firm earned $6.94 EPS. The business’s revenue was up 10.6% on a year-over-year basis. Equities analysts forecast that Parker-Hannifin Corporation will post 31.26 EPS for the current year.

Analysts Set New Price Targets

PH has been the topic of several recent analyst reports. 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 on the stock in a research note on Thursday, May 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a research note on Friday, July 17th. Wells Fargo & Company reduced their price target on Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating for the company in a report on Tuesday, May 26th. Truist Financial boosted their price target on Parker-Hannifin from $1,147.00 to $1,269.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Finally, Citigroup restated 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,027.38.

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.