ABN Amro Investment Solutions Trims Holdings in Parker-Hannifin Corporation $PH

ABN Amro Investment Solutions trimmed its holdings in Parker-Hannifin Corporation (NYSE:PH) by 56.8% in the 1st quarter, Holdings Channel reports. The fund owned 9,965 shares of the industrial products company’s stock after selling 13,081 shares during the quarter. ABN Amro Investment Solutions’ holdings in Parker-Hannifin were worth $8,921,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. JFS Wealth Advisors LLC increased its position in Parker-Hannifin by 6.8% during the 4th quarter. JFS Wealth Advisors LLC now owns 173 shares of the industrial products company’s stock valued at $152,000 after buying an additional 11 shares in the last quarter. Avion Wealth boosted its holdings in Parker-Hannifin by 35.5% in the fourth quarter. Avion Wealth now owns 42 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 11 shares in the last quarter. Optas LLC boosted its stake in Parker-Hannifin by 3.1% in the 1st quarter. Optas LLC now owns 370 shares of the industrial products company’s stock worth $331,000 after purchasing an additional 11 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its stake in Parker-Hannifin by 1.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 614 shares of the industrial products company’s stock worth $540,000 after purchasing an additional 11 shares in the last quarter. Finally, Inspire Advisors LLC grew its position in Parker-Hannifin by 1.2% during the 4th quarter. Inspire Advisors LLC now owns 917 shares of the industrial products company’s stock valued at $807,000 after purchasing an additional 11 shares during the last quarter. 82.44% of the stock is owned by hedge funds and other institutional investors.

Parker-Hannifin Stock Performance

PH stock opened at $971.42 on Thursday. The company has a market cap of $122.49 billion, a P/E ratio of 35.83, a price-to-earnings-growth ratio of 2.56 and a beta of 1.11. Parker-Hannifin Corporation has a 1 year low of $692.02 and a 1 year high of $1,034.96. 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 stock’s fifty day moving average price is $917.67 and its 200-day moving average price is $934.99.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 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 quarter in the prior year, the business earned $6.94 earnings per share. Parker-Hannifin’s revenue for the quarter was up 10.6% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. On average, equities analysts forecast that Parker-Hannifin Corporation will post 31.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PH. Wells Fargo & Company decreased their target price on shares of Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating for the company in a report on Tuesday, May 26th. Wall Street Zen downgraded Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Stifel Nicolaus lifted their target price on Parker-Hannifin from $965.00 to $1,000.00 and gave the stock a “hold” rating in a report on Friday, April 10th. Sanford C. Bernstein restated an “outperform” rating and issued a $1,037.00 price target on shares of Parker-Hannifin in a research note on Thursday, July 16th. Finally, Evercore set a $1,064.00 price target on Parker-Hannifin in a report on Monday, May 11th. Eighteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.