Apollon Wealth Management LLC Has $19.42 Million Stock Position in Parker-Hannifin Corporation $PH

Apollon Wealth Management LLC increased its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 37.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 21,689 shares of the industrial products company’s stock after purchasing an additional 5,896 shares during the period. Apollon Wealth Management LLC’s holdings in Parker-Hannifin were worth $19,417,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Fideuram Asset Management Ireland dac acquired a new stake in shares of Parker-Hannifin during the fourth quarter valued at about $1,253,000. Truist Financial Corp grew its holdings in shares of Parker-Hannifin by 2.7% during the fourth quarter. Truist Financial Corp now owns 174,852 shares of the industrial products company’s stock worth $153,687,000 after purchasing an additional 4,673 shares during the last quarter. Y.D. More Investments Ltd acquired a new position in shares of Parker-Hannifin in the fourth quarter valued at approximately $3,800,000. BCS Wealth Management raised its holdings in Parker-Hannifin by 83.3% in the 4th quarter. BCS Wealth Management now owns 3,120 shares of the industrial products company’s stock valued at $2,742,000 after buying an additional 1,418 shares during the last quarter. Finally, Shepherd Street Advisors LLC bought a new position in Parker-Hannifin in the 4th quarter valued at approximately $1,736,000. 82.44% of the stock is owned by institutional investors and hedge funds.

Parker-Hannifin Stock Performance

NYSE:PH opened at $967.92 on Monday. 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 Corporation has a fifty-two week low of $691.47 and a fifty-two week high of $1,034.96. The company has a 50 day simple moving average of $908.10 and a two-hundred day simple moving average of $925.13. The company has a market capitalization of $122.05 billion, a PE ratio of 35.70, a P/E/G ratio of 2.82 and a beta of 1.14.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $5.40 billion. During the same quarter in the previous year, the company earned $6.94 EPS. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Research analysts anticipate that Parker-Hannifin Corporation will post 31.26 earnings per share for the current year.

Parker-Hannifin Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 8th were issued a $2.00 dividend. The ex-dividend date was Friday, May 8th. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. This represents a $8.00 annualized dividend and a yield of 0.8%. Parker-Hannifin’s dividend payout ratio (DPR) is presently 29.51%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PH shares. JPMorgan Chase & Co. cut their target price on shares of Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Citigroup reaffirmed a “buy” rating on shares of Parker-Hannifin in a research note on Monday, June 8th. Evercore set a $1,064.00 price target on shares of Parker-Hannifin in a report on Monday, May 11th. Wall Street Zen cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Finally, Stifel Nicolaus boosted their price objective on shares of Parker-Hannifin from $965.00 to $1,000.00 and gave the stock a “hold” rating in a research note on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.