71 West Capital Partners Buys Shares of 725 Parker-Hannifin Corporation $PH

71 West Capital Partners bought a new stake in shares of Parker-Hannifin Corporation (NYSE:PH) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 725 shares of the industrial products company’s stock, valued at approximately $637,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. HFM Investment Advisors LLC grew its stake in Parker-Hannifin by 1,000.0% during the 4th quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 30 shares in the last quarter. Texas Capital Bancshares Inc TX purchased a new position in Parker-Hannifin during the 3rd quarter valued at about $25,000. Lloyd Advisory Services LLC. purchased a new position in Parker-Hannifin during the 4th quarter valued at about $31,000. Mowery & Schoenfeld Wealth Management LLC grew its stake in Parker-Hannifin by 80.0% during the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 16 shares in the last quarter. Finally, First Command Advisory Services Inc. grew its stake in Parker-Hannifin by 1,133.3% during the 4th quarter. First Command Advisory Services Inc. now owns 37 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Trading Up 1.7%

NYSE:PH opened at $919.22 on Tuesday. The stock’s 50 day moving average price is $907.65 and its 200 day moving average price is $919.33. Parker-Hannifin Corporation has a 52 week low of $646.51 and a 52 week high of $1,034.96. The company has a market capitalization of $115.90 billion, a P/E ratio of 33.91, a P/E/G ratio of 2.63 and a beta of 1.14. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 1.13.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 EPS for the quarter, topping analysts’ consensus estimates of $7.84 by $0.33. The firm had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.40 billion. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The firm’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.94 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. On average, research analysts forecast that Parker-Hannifin Corporation will post 31.26 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 8th were issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.9%. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date was Friday, May 8th. Parker-Hannifin’s dividend payout ratio is 29.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Sanford C. Bernstein assumed coverage on Parker-Hannifin in a research note on Tuesday, June 9th. They issued an “outperform” rating and a $1,026.00 price target for the company. BMO Capital Markets assumed coverage on Parker-Hannifin in a report on Friday, March 27th. They issued an “outperform” rating and a $1,090.00 price objective on the stock. 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 report on Tuesday, May 26th. Truist Financial set a $1,147.00 price objective on Parker-Hannifin in a report on Friday, May 1st. Finally, Wall Street Zen downgraded Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,021.05.

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.